Senator Bomai noted that the FCT had proposed N1.15 trillion for the 2024 fiscal year, however, after deliberations from the committee, it recommended N1.28 trillion. The Senate has passed a sum of N1.28 trillion for the Federal Capital Territory, FCT 2024 Statutory Budget. The budget was approved following the presentation of the harmonised report of the joint Senate and House of Representatives Committees on FCT, by Senator Ibrahim Bomai (APC, Yobe South) during Tuesday’s plenary....
Senator Adaramodu says the NYSC trust fund will help graduates acquire skills under the Skill Acquisition and Entrepreneurship Development (SAED) Programmes. The Senate has passed a Bill seeking to establish the National Youth Service Corps (NYSC) Trust Fund. The Bill sponsored by Senator Yemi Adaramodu (APC, Ekiti South), if given assent by President Bola Tinubu will provide a sustainable source of funds for the NYSC, skill acquisition, training and empowerment of Corps members, training and...
The Deputy Governor of CBN Corporate Services, Bala Bello expressed remorse for the lack of oversight provided by the CBN’s previous administration and assured lawmakers that the new administration was making every effort to collect unpaid loans. The Senate has announced that should the current leadership of the Central Bank of Nigeria (CBN) fail to offer necessary explanations, it will invite Godwin Emefiele, the former governor of the Central Bank of Nigeria (CBN), to explain...
Kyari said that President Bola Ahmed Tinubu’s approved distribution of 42,000 metric tonnes of grains is one of the initiatives being implemented to lessen the effects of the hardships in Nigeria. The Minister of Agriculture and Food Security, Abubakar Kyari has disclosed that the Nigerian government has commenced the distribution of 42,000 metric tonnes of grains in some focal points of the state capitals nationwide. This action according to Kyari was a necessity to cushion...
The Senate observed a minute of silence in honour of those military personnel who were murdered horrifically in Okuama Community of Delta State. Senator Ede Dafinone (APC, Delta Central) has requested the Senate to show some concern in handling the situation of the gruesome murder of the 17 Nigerian Army personnel in Okuama Community, Delta State, as he called for compensation to the families of the deceased soldiers whilst investigations are ongoing. Dafinone made this...
Those confirmed for the AMCON board were Gbenga Alade, Adeshola Lamidi, Lucky Adaghe and Dr Aminu Mukhtar Dan’amu. The Senate has confirmed Gbenga Alade as Managing Director of the Asset Management Company of Nigeria, (AMCON). The Senate also confirmed Adeshola Lamidi, Lucky Adaghe and Dr Aminu Mukhtar Dan’amu as Executive Directors of AMCON. The confirmation of these nominees appointed by President Bola Tinubu followed a report by the Chairman of the Senate Committee on Banking,...
The Senate has expressed sadness over the gruesome killings of 15 personnel of the Nigerian Army by armed groups. The Senate has endorsed the directive by President Bola Ahmed Tinubu to the Nigerian Armed Forces and military high command to uncover the perpetrators of the brutal killings of military officers in Delta State as it condemned the atrocious act as the epitome of barbarism and heinous crime. The Senate conveyed its stance in a statement...
NANS proposed a minimum five-year repayment duration, saying that the two-year post-National Youth Service Corp (NYSC) repayment time frame for the loan is unrealistic. To tackle the limitations hindering easy access to the Students Loan Act, the National Association of Nigerian Students (NANS) has condemned the time frame for the repayment of the loan, tagging it as “unrealistic” because less than 10 per cent of Nigerian graduates get absorbed into the labour force upon completion...
Security vote is a monthly allowance used by state governors of the 36 states to fund security services within the states. The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has requested permission from the Senate to include a security vote in the N1.1 trillion in the FCT 2024 budget. Wike made this appeal while defending the budget before the Senate on Monday. OrderPaper recalls that the Senate had passed for a second reading...
The Senate has seen its fair share of suspensions over the years, with notable figures facing consequences for various reasons. The Nigerian Senate has seen its fair share of suspensions over the years, with notable figures facing consequences for various reasons. Here’s a glimpse into some of the significant suspensions that have occurred since 1999: Senator Joseph Waku (PDP, Benue North West) A notable suspension at the senate was that of the former Senator Joseph...
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