A bill for the establishment of the North Central Development Commission also scaled second reading in the Senate. The Senate has passed for second reading, a bill seeking to establish the South West Development Commission, SWDC. This was a sequel to the consideration of the document titled, “A bill for an act to Establish the South West Development Commission charged with the responsibility among others to receive and manage funds from allocation of the Federation...
President Bola Tinubu had last week forwarded to the Senate for confirmation, the names of nominees to the MPC of the Central Bank of Nigeria (CBN). The Senate on Wednesday, subjected nominees for membership to the Monetary Policy Committee, MPC, of the Central Bank of Nigeria (CBN) to thorough drilling. Before the MPC’s meeting slated for next week Monday, the Senate, via its Committee on Banking, Insurance, and Other Financial Institutions, grilled six of the...
The Senate called on the federal government to concentrate on the production and distribution of electricity rather than raising electricity rates. The Senate has demanded that the federal government halt any plans to raise electricity rates in the nation, arguing that the government’s attempt to raise rates and remove subsidies comes at an inappropriate time. To prevent a repeat of the fuel subsidy scandal, it also decided to investigate the N2 trillion electricity tariff requested...
The Senate also confirmed Dr Kelechi Ohiri as the Director-General, National Health Insurance Authority (NHIA). The Senate has confirmed 17 persons for appointment as commissioners of the National Population Commission (NPC) out of the 19 nominated by President Bola Tinubu. These confirmations sequel the adoption of the screening report of the Committee on National Identity Card and Population at the Committee of the Whole during Wednesday’s plenary. Presenting the report, the Chairman of the Committee,...
The CBN is expected to use the Ways and Means, a kind of loan facility, for financing the federal government’s budget shortfalls. The Senate has resolved to probe how former President Muhammadu Buhari‘s government got and used the N30 trillion Ways and Means loans from the Central Bank of Nigeria (CBN). This is in response to its recommendation that the federal government give priority to liquidating its N30 trillion Ways and Means liability over 40...
The Senate Committee on Health chaired by Senator Ipalibo Harry-Banigo screened the NHIA DG nominee, Dr Kelechi Ohiri. Dr Kelechi Ohiri, the Director-General nominee for the National Health Insurance Authority (NHIA) has assured that he would ensure coverage of more Nigerians under health insurance. Ohiri made this known during his screening by the Senate Committee on Health on Tuesday. The nominee stated in his presentation that it was a fact that a small percentage of...
The ways and means debate had gone on seamlessly until Senator Ali Ndume began accusing the Senate of lacking powers to approve funds already spent. There was a heated argument between Senators over the N29 trillion Ways and Means funds by the immediate past administration. This argument began during the debate of a report submitted to the Committee of the Whole on Tuesday by the Joint Committees on Banking, Insurance and Other Financial Institutions, Finance,...
The Senate called on the Medical and Dental Council to conduct examinations in the six geopolitical zones like the Nigerian Law School. The Senate has called on the Medical and Dental Council of Nigeria to allow foreign students from war-torn countries with Certificates to sit for their professional exams. It also called on the Committee of Vice Chancellors to take in foreign students who fled the war-ravaged countries to enable them to finish their programs....
The Chairman of the FIRS, Zacch Adedeji insisted on the stoppage of N2.7 trillion fresh tax credit assuring that he will cut the number of taxes from 62 to 8. The Senate has expressed disapproval over the 17 trillion loss incurred on tax waivers within the last five years. As a result, it recommended that the Federal Inland Revenue Service (FIRS) suspend the heavily exploited tax waiver programme and replace it with a rebating system....
Akpabio applauded Senator Anyim’s efforts in fighting for and instituting legislative independence in the Senate in his heyday as the presiding officer. President of the Senate, Godswill Akpabio, has felicitated the former President of the Red Chamber, Senator Anyim Pius Anyim, GCON as he marks his 63rd birthday. In his birthday message, Akpabio described the former Senate President as a “True democrat and accomplished politician.” Akpabio said “On behalf of my family, constituents, the Senate,...
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