The Joint Economic Team of the Senate consisting of the Committees on National Planning and Economic Affairs, Banking Insurance and Other Financial Institutions, Appropriations, and Agriculture had an interactive session with the officials of the Central Bank of Nigeria (CBN) led by Governor Yemi Cardoso. The Senate has questioned the Central Bank of Nigeria (CBN) concerning the increased economic challenges currently facing the country as they voiced concern about the plan to import food to...
President Tinubu has signed the Electricity Act (Amendment) Bill, 2024, which seeks to address the development and environmental concerns of host communities into law. President Bola Ahmed Tinubu on Friday signed the Electricity Act (Amendment) Bill, 2024, into law. The bill which was passed by the House of Representatives on July 27, 2023, and the Senate on November 14, 2023, was sponsored by Rep. Babajimi Benson (APC, Lagos). The Electricity Act (Amendment) Bill, 2024, seeks...
The Speaker spoke in defense of his predecessor, Gbajabiamila, describing the corruption allegations as unjustified and baseless. The Speaker of the House of Representatives Rep. Abbas Tajudeen (APC, Kaduna) has rallied support for his predecessor and former colleague, Femi Gbajabiamila, the Chief of Staff to President Bola Ahmed Tinubu, over allegations of corruption against him. The Speaker, at a world press conference at his office in Abuja on Thursday, noted that there has been a rise...
When it becomes law, the controversial NGO regulations bill will have a legislative framework and regulate the activities of Non-Governmental Organisations (NGOs) and Civil Society Organisations (CSOs) in Nigeria The controversial Bill seeking to regulate Civil Society Organisations (CSOs) was stepped down on Thursday after a much-heated debate amongst members of the green chamber. The Bill, sponsored by Rep. Sada Soli (APC, Katsina) is titled, “A Bill for an Act to Establish Non-Governmental and Civil...
The Senate made this request in response to the PCNG’s plans to release an additional N130 billion to an unidentified number of companies. The Finance Minister, Wale Edun, has been given a seven-day ultimatum by the Senate Committee on Gas to present a detailed account regarding the award and payment of over N100 billion to companies managing the Presidential Compressed Natural Gas projects, which are purportedly executed in violation of the Public Procurement Act of...
Ndume said he doesn’t speak for the North, nor Northern senators, but in the interest of Nigerians and President Tinubu who he has enormous respect for. Senator Mohammed Ali Ndume (APC, Borno South), has stated that he has no resentment for opposing the move by the Central Bank of Nigeria (CBN) to relocate some of its units from the Abuja headquarters to Lagos State as his intervention was based on reality and the irrelevance of...
The proposed ban by NAFDAC on sachet alcohol drinks runs contrary to the spirit and letter of the Constitution of the Federal Republic of Nigeria, 1999 (as amended), and runs against the Economic Recovery Plan of the current administration. The House of Representatives has frowned at the ban on sachets alcoholic drinks by the National Agency for Food and Drug Administration and Control (NAFDAC) and therefore resolved to investigate the basis and circumstances surrounding the...
The NCDMB members who were present at the interactive session urged the Senate Committee on Local Content to inquire from the oil companies to explain their extractive business approach without providing manufacturing content. The Senate has taken a stand against the extractive operating models used by Chevron, Exxon, and other oil companies in Nigeria, which do not include manufacturing content as is the case in other countries. This action was taken by the Senate Committee...
Reps, worried about insecurity in FCT have mandated the heads of all Security Agencies to urgently collaborate and set up special units to clamp down on criminals The House of Representatives on Wednesday agreed to invite the Minister of the Federal Capital Territory, Nyesome Wike, the National Security Adviser, Nuhu Ribadu, and heads of all Security Agencies for an emergency security briefing and strategy on how to curb the insecurity in Abuja. The lawmakers also...
In the proposed Electoral Act, Rep Waive proposes heavy sanctions and fines against persons who file frivolous election petitions in the courts in a bid to delay proceedings. The House of Representatives has proposed an amendment in the Electoral Act 2022 to make provisions for heavy sanctions and fines against persons who file frivolous election petitions in the courts in a bid to delay proceedings. The lawmakers, in a bid to cut expenses in the...
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