Senate Archives - Page 19 of 110 - Parliament Reports

Given the critical role the information sector plays in advancing the agenda of President Tinubu, Sen. Eze noted that the committee unanimously agreed to return the proposed budget. The senate committee on information and national orientation has rejected the N8.9 billion budget proposal for the federal ministry of information and national orientation in the 2025 budget, deeming it grossly inadequate. Consequently, the committee has summoned the minister of budget and economic planning, Sen. Atiku Bagudu, for...

FIRS Chairman, Zacch Adedeji said all grey areas in the tax reform bills have been resolved, with no further meetings required.  The senate has signaled progress on the tax reform bills, with public hearings set to be held soon, paving the way for their passage at third reading. Chairman of the senate ad-hoc committee on tax reforms, Sen. Abba Moro (PDP, Benue south) confirmed this on Monday while speaking to journalists after a two-hour closed-door...

While efforts are underway to stabilise the grid, Adelabu admitted that the collapse can only be managed until necessary funds are provided. Minister of power, Bayo Adelabu has painted a mixed picture of progress and persistent challenges in Nigeria’s power sector detailing the complexities surrounding the national grid collapses experienced in 2024, funding shortfalls, and the pressing need for investment to achieve sustainable energy security. Adelabu said these when he appeared before the senate committee...

Senators pressed the finance minister on the status of the 2024 budget implementation, particularly the allocation for capital expenditures.  The senate has called on ministers and heads of Ministries, Departments, and Agencies (MDAs) to provide detailed explanations regarding various government policies under their supervision. The call came during separate budget defense sessions organised by senate committees on Thursday. Among those questioned were Wale Edun, minister of finance and coordinating minister for the economy, and Sen....

The senate will hold an “open day” this Thursday, providing a platform for a diverse group of stakeholders, including heads of MDAs to offer their input on the budget.  The senate has announced plans to suspend plenary sessions for a two-week period upon its resumption on January 14, 2025. This is in line with the National Assembly plans to begin the committee-level review of the proposed N49.7 trillion 2025 budget. Additionally, the senate will hold...

The senate passed the 2025 budget for second reading and adjourned for Christmas break until January 14, 2025 Senate adjourns for Christmas break The senate has adjourned plenary until January 14, 2025. The announcement was made by the President of the Senate, Godswill Akpabio during Thursday’s plenary, shortly after the passage of the second reading of the 2025 budget. In his closing remarks, Akpabio extended holiday wishes to his colleagues, the Speaker and leadership of...

Akpabio extended holiday wishes to his colleagues, the Speaker and leadership of the House of Representatives, President Bola Ahmed Tinubu, and the Nigerian public. The  National Asembly has adjourned its plenary sitting until January 14, 2025. The announcement was made by the President of the Senate, Godswill Akpabio and the Deputy speaker of the House of Representatives, Benjamin Kalu during Thursday’s plenary, shortly after the passage of the second reading of the 2025 budget bill....

Following a robust debate by senators present, the President of the Senate, Godswill Akpabio referred the budget to the committee on Appropriation to report back in four weeks. The senate has passed for second reading the 2024 Appropriation  Bill of ₦49.7 trillion which was presented before the joint session of the Senate and House  of  Representatives by President Bola Tinubu on Wednesday, December 18, 2024. The 2025 budget presented by Tinubu is themed “Securing Peace,...

Below is the verbatim report of what President Bola Tinubu said during his presentation of the 2025 budget at the joint session of the national assembly on Wednesday PROTOCOLS: 1. In fulfilment of one of my constitutional duties and with unyielding commitment to rebuilding Nigeria towards ensuring that we remain steadfast on the journey to a prosperous future, I hereby present the 2025 Budget to the Joint Session of the 11th National Assembly. 2. On...