Senate Archives - Page 23 of 109 - Parliament Reports

The confirmation of Lieutenant-General Olufemi Olatubosun Oluyede for appointment as Chief of Army Staff and the debate and passage of the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) were the issues addressed in the senate Tuesday. Senate confirms Oluyede as COAS The senate has confirmed the nomination of Lieutenant-General Olufemi Olatubosun Oluyede for appointment as Chief of Army Staff (COAS). The confirmation followed the consideration of reports from the committee on Army...

While some agencies have defended their partnership agreements as necessary for attracting investment, the national assembly says the country is being cheated.   Nigeria has long grappled with the challenge of revenue mobilisation, a critical factor for achieving fiscal sustainability. Reports have it that critical agencies such as the Nigerian National Petroleum Company Limited (NNPCL), Nigerian Liquefied Natural Gas (NLNG), and Nigerian Immigration Services (NIS) engage in Public-Private-Partnerships (PPPs) and Joint Venture Agreements (JVAs) that disproportionately...

The senate approved the budget benchmarks with a total spending of ₦47.9 trillion and a new borrowing plan of ₦9.22 trillion. The senate has approved the 2025-2027 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) ahead of the presentation of the 2025 Budget by President Bola Tinubu. This is as it approved the expenditure framework with a total spending of ₦47.9 trillion and a new borrowing plan of ₦9.22 trillion which includes both...

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...

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...

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...

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...