President Bola Tinubu had last week forwarded to the Senate for confirmation, the names of nominees to the MPC of the Central Bank of Nigeria (CBN). The Senate on Wednesday, subjected nominees for membership to the Monetary Policy Committee, MPC, of the Central Bank of Nigeria (CBN) to thorough drilling. Before the MPC’s meeting slated for next week Monday, the Senate, via its Committee on Banking, Insurance, and Other Financial Institutions, grilled six of the...
The valedictory session is scheduled for 11:00 am at the House of Representatives Wing of the National Assembly Complex, is to be presided over by the Speaker. The House of Representatives will, on Thursday, hold a valedictory session in honour of the Fourth Assembly Speaker, Rt. Hon. Ghali Umar Na’Abba, CFR, who died on Wednesday, December 27, 2023. The session scheduled for 11:00 am at the House of Representatives Wing of the National Assembly Complex...
The Senate called on the federal government to concentrate on the production and distribution of electricity rather than raising electricity rates. The Senate has demanded that the federal government halt any plans to raise electricity rates in the nation, arguing that the government’s attempt to raise rates and remove subsidies comes at an inappropriate time. To prevent a repeat of the fuel subsidy scandal, it also decided to investigate the N2 trillion electricity tariff requested...
The Senate also confirmed Dr Kelechi Ohiri as the Director-General, National Health Insurance Authority (NHIA). The Senate has confirmed 17 persons for appointment as commissioners of the National Population Commission (NPC) out of the 19 nominated by President Bola Tinubu. These confirmations sequel the adoption of the screening report of the Committee on National Identity Card and Population at the Committee of the Whole during Wednesday’s plenary. Presenting the report, the Chairman of the Committee,...
The CBN is expected to use the Ways and Means, a kind of loan facility, for financing the federal government’s budget shortfalls. The Senate has resolved to probe how former President Muhammadu Buhari‘s government got and used the N30 trillion Ways and Means loans from the Central Bank of Nigeria (CBN). This is in response to its recommendation that the federal government give priority to liquidating its N30 trillion Ways and Means liability over 40...
The federal government should as a matter of urgency or as a matter of priority consider subsidising agriculture to revitalise its economy and ensure food security in Nigeria. The House of Representatives lawmaker representing Yamaltu/Deba Federal Constituency, (PDP, Gombe) has accused the federal government of deceiving Nigerians about owning enough grains in the food silos. Rep. Inuwa Garba, who sponsored a motion on the “Need to investigate the privatisation/concession of Federal Government Silos in Nigeria,”...
“On FAAC, we do not have powers to pass such a resolution. This House has powers to make laws and not to monitor State governments.” The House of Representatives on Tuesday rescinded an earlier resolution that sought to monitor the utilisation of the Federal Account Allocation Committee (FAAC) by states. The motion for the rescission of the House decision was brought by Rep. Francis Waive (APC Delta) and Rep. Solomon Bob (PDP, Rivers). Earlier, Rep....
The Senate Committee on Health chaired by Senator Ipalibo Harry-Banigo screened the NHIA DG nominee, Dr Kelechi Ohiri. Dr Kelechi Ohiri, the Director-General nominee for the National Health Insurance Authority (NHIA) has assured that he would ensure coverage of more Nigerians under health insurance. Ohiri made this known during his screening by the Senate Committee on Health on Tuesday. The nominee stated in his presentation that it was a fact that a small percentage of...
The ways and means debate had gone on seamlessly until Senator Ali Ndume began accusing the Senate of lacking powers to approve funds already spent. There was a heated argument between Senators over the N29 trillion Ways and Means funds by the immediate past administration. This argument began during the debate of a report submitted to the Committee of the Whole on Tuesday by the Joint Committees on Banking, Insurance and Other Financial Institutions, Finance,...
He urged the House to prevail on the Nigeria Army Military Police to release Mfonmma who has been in detention for 10 days. Mr. Nsisong Mfon Effiong has called on the House of Representatives to ensure the immediate release of Mfonmma Mfon Effiong, who was unlawfully arrested and detained by the Nigerian Army Military Police, Mambilla Barracks Brigades, Abuja. Presenting a petition before the House on behalf of the petitioner, Rep. Clement Jombo (APC, Akwa)...
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