The Joint Economic Team of the Senate consisting of the Committees on National Planning and Economic Affairs, Banking Insurance and Other Financial Institutions, Appropriations, and Agriculture had an interactive session with the officials of the Central Bank of Nigeria (CBN) led by Governor Yemi Cardoso. The Senate has questioned the Central Bank of Nigeria (CBN) concerning the increased economic challenges currently facing the country as they voiced concern about the plan to import food to...
The Senate made this request in response to the PCNG’s plans to release an additional N130 billion to an unidentified number of companies. The Finance Minister, Wale Edun, has been given a seven-day ultimatum by the Senate Committee on Gas to present a detailed account regarding the award and payment of over N100 billion to companies managing the Presidential Compressed Natural Gas projects, which are purportedly executed in violation of the Public Procurement Act of...
Ndume said he doesn’t speak for the North, nor Northern senators, but in the interest of Nigerians and President Tinubu who he has enormous respect for. Senator Mohammed Ali Ndume (APC, Borno South), has stated that he has no resentment for opposing the move by the Central Bank of Nigeria (CBN) to relocate some of its units from the Abuja headquarters to Lagos State as his intervention was based on reality and the irrelevance of...
The NCDMB members who were present at the interactive session urged the Senate Committee on Local Content to inquire from the oil companies to explain their extractive business approach without providing manufacturing content. The Senate has taken a stand against the extractive operating models used by Chevron, Exxon, and other oil companies in Nigeria, which do not include manufacturing content as is the case in other countries. This action was taken by the Senate Committee...
The Senate adjourned the session with the Service Chiefs so it could invite other officials to be present at the next interactive session The Senate has adjourned its interactive session with the service chiefs on insecurity to February 13, 2024, to ensure other relevant parties are present. The security chiefs had appeared before the Senate to address the rising insecurity in the country but the decision to invite other relevant parties resulted in the Senate...
The Senate observed a minute silence for the late Ibrahim and resolved to send a high-powered delegation to pay the family a condolence visit. The Senate on Tuesday, February 6, 2024, expressed sadness over the demise of Senator Bukar Abba Ibrahim who was a former governor of Yobe State. The Senate upon resumption of the day’s plenary immediately went into an executive session for over 3 hours and after reconvening observed a minute silence in...
The Senate postponed the interactive session with the CBN Governor to meet with service chiefs and address security issues facing the country. The Senate Committee on Banking, Insurance, and Other Financial Institutions has postponed its interactive session with the Governor of the Central Bank of Nigeria (CBN), Olayemi Cardoso till Friday 9th at 9 am. This was announced by the Chairman of the Committee, Senator Adetokunbo Abiru (APC, Lagos East) on Tuesday at the committee...
Jibrin says the move to internally generate revenue from the Nigerian Customs is due to Nigeria’s debt crises. The Senate has disclosed its intention to review upwards the N5.079 trillion 2024 revenue target of the Nigeria Customs Service (NCS) from the second half of the year to save the country from further borrowings. This was revealed by the Chairman, Senate Committee on Customs, Isah Jibrin (APC, Kogi East) Monday at a crucial meeting with the...
A Court of Appeal sacked Mwadkwon late last year and mandated a rerun within 90 days. He was also barred from the rerun election. The Independent National Electoral Commission (INEC) has announced Prince Pam Mwadkon Dachungyang as the winner of the bye-election for Plateau North senatorial district. Dachungyang of the Action Democratic Party (ADP) won with 122,442 votes defeating Yakub Muhammad Safiu of the New Nigeria Peoples Party (NNPP) who polled 53,980, Christopher Musa Giwa...
The Senate is set to reconsider the NYSC Trust Fund Bill after failing to get presidential assent on two occasions in the 9th Assembly. OrderPaper had predicted that the National Assembly will upon its resumption, address some urgent National issues including insecurity, and take a decision as to whether the NYSC scheme is to be retained or scrapped considering the increased rates of kidnappings and killings of corp members. However, upon its resumption, both...
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