House of Representatives Archives - Parliament Reports

Some stakeholders said the proposed National Fintech Regulatory Commission (NFRC), could duplicate functions currently carried out by the Central Bank of Nigeria (CBN) Stakeholders in Nigeria’s fast-growing financial technology (fintech) sector have expressed divergent views over a bill seeking to establish a National Fintech Regulatory Commission (NFRC), warning that while stronger oversight is needed, poor design could create costly regulatory overlap. The concerns were aired on Monday at a public hearing organised by joint committees...

The Rural Electrification Agency (REA) has revealed plans to achieve over 500 electrification projects in the 2026 fiscal year with specific focus on institutions and underserved rural communities The Rural Electrification Agency (REA) has outlined plans to implement more than 500 electrification projects in the 2026 fiscal year, targeting public institutions and underserved rural communities as part of efforts to deepen energy access nationwide. The agency’s Managing Director, Abba Aliyu, disclosed this on Friday while...

A bill seeking to create a comprehensive legal and institutional framework for the regulation of Nigeria’s fintech industry has been scheduled for public scrutiny on Monday March 2 The House of Representatives of Nigeria has commenced legislative action to establish a dedicated regulatory body for Nigeria’s fast-growing financial technology sector. The move follows the progress of a bill sponsored by Rep. Fuad Kayode Laguda, titled “A Bill for an Act to Provide for the Establishment...

The Minister of Education has sought  legislative backing to allocate at least 20 per cent of the budget to education, in line with UNESCO’s recommendation The Minister of Education, Tunji Alausa, has appealed to the National Assembly to give robust backing to the Federal Ministry of Education’s 2026 budget, warning that chronic teacher shortages, weak school security and decaying infrastructure are undermining learning outcomes nationwide. Parliament Reports recalls that out of the N58.47 trillion 2026...

The House Committee on Insurance and Actuarial Matters has  praised the NDIC over 97 percent budget implementation in 2025 The Nigeria Deposit Insurance Corporation (NDIC) has achieved a 97 per cent implementation of its 2025 budget, a performance lawmakers say outpaces many other Ministries, Departments and Agencies (MDAs), particularly on capital expenditure. The Chairman of the House of Representatives Committee on Insurance and Actuarial Matters, Rep. Ahmed Jaha, made the observation on Thursday during a...

A member of House of Representatives Rep. Osawaru dismissed an allegation by colleague Rep. Uzokwe on claims linking Edo Govt to alleged attack on Peter Obi A member of the House of Representatives representing Orhionmwon/Uhunmwode Federal Constituency of Edo State, Billy Osawaru, has rejected allegations that former Labour Party presidential candidate, Peter Obi, was attacked by officials or thugs linked to the Edo State Government. Osawaru was responding to claims earlier made by Rep. Peter...

The National Revenue Service sets a revenue target of ₦40.7 trillion from taxes, royalties, and other mineral revenues The Executive Chairman of the National Revenue Service (NRS) formerly known as Federal Inland Revenue Service (FIRS), Zach Adedeji, has announced a combined revenue target of ₦40.7 trillion for taxes, royalties, and other mineral revenues in 2026, following ongoing tax reforms. Adedeji disclosed this on Wednesday when the President’s economic team appeared before the House Committee on...

Rep Uzokwe has described the attack on Peter Obi has deeply disturbing and unacceptable in a democratic society, called on acting IGP to investigate A member of the House of Representatives, Peter Ifeanyi Uzokwe, has urged the Acting Inspector-General of Police, Tunji Disu, to immediately launch a thorough investigation into the alleged assassination attempt on former presidential candidate, Peter Obi, in Benin City, Edo State. b, a prominent Nigerian opposition figure and 2023 Labour Party...

REA MD have until March 2 to appear before House Committee on Renewable Energy as lawmakers frowned at his failure to honour the committee’s earlier summon  The House of Representatives Committee on Renewable Energy has directed the Managing Director of the Rural Electrification Agency (REA) to appear in person before it on Tuesday, March 2, following his failure to attend an ongoing investigative hearing in Abuja. Chairman of the Committee, Afam Ogene, issued the directive...