OrderPaper in its recent LIFE article predicted that the State Police Bill, expanding the powers of the FCT Area courts and protests in major cities due to rising food costs and a return of fuel queues due to strikes by unions would be core issues before the National Assembly this past week. Find out how accurate the predictions were. In a striking validation of predictive analysis, OrderPaper’s Legislative Intelligence Forecast Entry (LIFE) has once again...
The Northern Senators Forum urges the government of Niger Republic and its people to seize this opportunity to hasten the process of returning to democratic governance. The Northern Senators Forum has expressed its heartfelt appreciation and commendation to the exceptional leaders of the Economic Community of West African States (ECOWAS) for their decisive action in lifting sanctions imposed on Niger Republic as a result of the military takeover on 26th July 2023. The forum said...
Senator Sani Musa noted that a fresh implementation of the policy outside the N2.7 trillion should be halted for now. The Senate through its committee on Finance, dumped the stay-of-action position proposed to it by the Federal Inland Revenue Service (FIRS) on the N2.7 trillion Tax Credit Fund required for specific road construction by the Federal Ministry of Works. In an interaction with the Committee the previous week, Zacch Adedeji, the Chairman of FIRS, blasted...
The commission will be in charge of acknowledging and overseeing funds from the Federation Account for the repair and maintenance of houses, roads, and other infrastructure damages suffered by the region as a result of the civil war’s aftermath. The Senate has passed a Bill seeking the establishment of the South East Development Commission. This decision was sequel to the consideration of the bill’s clauses at its Committee of the Whole, chaired by the Senate...
Senator Abiru said that all of the CBN MPC nominees had received clearance from security agencies and that the panel had not received any petitions objecting to their nominations. The Senate, on Thursday, confirmed the nominations of 12 members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) following the consideration of a report by the Committee on Banking, Insurance and Other Financial Institutions. CBN governor, Olayemi Cardoso, was confirmed as MPC chairman. Those confirmed as members are: Muhammad...
The majority of Senators heavily opposed the bill, arguing that it would stop the career progression of junior staff and halt the employment of young Nigerians. The Senate has stepped down a controversial bill seeking to extend the retirement age for civil servants in Parliament and across the 36 State Houses of Assembly. The bill, if scaled through, would extend the service years of over 200 workers who are due to retire between 2024 and...
The Senate urged the federal government to permit the importation of Cement as a temporary fix. The Senate has decided to investigate the country’s rising prices for cement and other building supplies. To determine whether monopolistic or market manipulation tactics are to blame for the price increase, the Red Chamber instructed its Committee on Industries, led by Senator Francis Fadahunsi (APC, Osun East), to look into the operations of the nation’s cement manufacturing industries. Additionally,...
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...
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