On Thursday, the House of Reps engaged consultations on constitution review and thorny issues on the controversial tax bills Reps to seek further consultations on tax bills After about two hours of a closed door session, the House of Representatives has resolved to seek further consultation on President Bola Tinubu’s tax reform bills. It also disclosed that resource persons will be invited to a special session next Tuesday to enlighten lawmakers on the possible benefits...
Tinubu’s four tax reform bills all passed a second reading on the floor of the Senate at today’s plenary. Senators also held a valedictory session in honour of late senate president. Tinubu seeks senate confirmation of nominees President Bola Tinubu has requested the Senate to confirm the appointment of DIG Buba Ringim (rtd.), Hon. Justice Adamu Paul Galumje JSC (rtd.) and Christine Ladi Dabup, Abdulfatah Muhammed as members of the Police Service Commission. This is...
The bill seeks to promote technological transfer to ensure regular value addition to the nation’s solid mineral exploration. A Bill to monitor the inflow of foreign products and technology into Nigeria, passed its second reading in the House of Representatives on Wednesday. The sponsor of the bill, Rep. Clement Jimbo (APC,Akwa Ibom), explained that the proposal seeks to leverage Nigeria’s vast and dynamic population to create employment opportunities for youths, transform raw materials into finished...
All senators present at plenary except Sen. Ali Ndume who kicked against the tax reform proposals on the grounds of timing and lack of wider consultations. The senate has passed the second reading of four contentious tax reform bills. The resolution of the senate was sequel to presentation of the lead debate on the general principles of the bills by the Leader of the Senate, Opeyemi Bamidele (APC, Ekiti Central) during Thursday’s plenary. Prior to...
The House of Representatives confirmed Oluyede as the new Chief of Army Staff (COAS) The House of Representative has confirmed the appointment of Lt.-Gen. Olufemi Oluyede as the Chief of Army Staff (COAS). The confirmation followed the consideration of the report from the ad–hoc committee on confirmation/screening for acting Chief of Army Staff on Thursday. The chairman of the ad-hoc Committee Rep. Babajimi Benson (APC Lagos) while reading the synopsis of the report said that...
The screening of the acting army chief, a probe of outdated electricity meters and another investigation into CNG tank explosion are key highlights from today’s plenary session of the House of Representatives  Reps screen acting COAS, Oluyode The House of Representatives on Wednesday screened the acting Chief of Army Staff (COAS), Olufemi Oluyede. He told the joint committee on defence and army of his extensive experience, having served in the Nigerian Army for over 30...
Senators squared at each other over tax reforms as a bill for Abuja development scales second reading in today’s plenary ‘Nothing to show for 60 taxes, levies collected’ Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Taiwo Oyedele, has criticised the federal government for having little to show despite collecting over 60 taxes and levies across the country. Oyedele made this statement while addressing senators during Wednesday’s plenary on President Bola Tinubu’s...
In approving the 2025–2027 MTEF/FSP, representatives pegged the exchange rate at N1400 per US dollar, $75 oil benchmark and 2.06 million barrels of production per day. The House of Representatives has approved the recommendations of its joint committees on finance, national planning, and economic development on the 2025–2027 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). The approval came after the committee on supply considered the report presented by Rep. James Abiodun Faleke...
Oyedele stressed the need for urgent reforms, highlighting that businesses in Nigeria often pay taxes even when operating at a loss. Chairman of the Presidential Committee on Fiscal Policy and Tax Reforms, Mr. Taiwo Oyedele, has criticised the federal government for having little to show despite collecting over 60 taxes and levies across the country. Oyedele made this statement while addressing the senate during Wednesday’s plenary. This session occurred amid a tense atmosphere following...
The Central Bank of Nigeria (CBN) governor, MDs of commercial banks and other financial institutions have been tasked on POS operations The House of Representatives has called for immediate measures to address the challenges posed by undocumented identities in Point of Sale (POS) transactions in Nigeria. This is as it mandated its committees on digital and electronic banking, finance, banking regulations, and financial crimes to invite the governor of the Central Bank of Nigeria (CBN),...
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