House of Representatives Archives - Page 38 of 135 - Parliament Reports

The representatives also resolved to probe revenue-generating agencies for non-remittance of funds to government coffers and other revenue leakages as provided in the Fiscal Responsibility Act, 2007. The House of Representatives has proposed punitive measures against Ministries, Departments and Agencies (MDAs) of the government that are in clear contravention of the Fiscal Responsibility Act (FRA), 2007. Specifically, the House decried the non-remittance of operating surpluses into the federation account by the Nigeria National Petroleum Company...

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...

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...

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The screening of the acting army chief, a probe of outdated electricity meters and another investigation into CNG tank explosion are key highlights from today’s plenary session of the House of Representatives   Reps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...

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...

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),...