Senate Archives - Page 64 of 109 - Parliament Reports

A budget defence session by AMCON turned dramatic as senators took turns to lambast the debt recovery agency and threatened to scrap it There was a dramatic turm of events on Wednesday when senators disagreed on the performance of the Asset Management Corporation of Nigeria (AMCON) with some of the legislators calling for its dissolution.  This was as the Managing Director of the agency, Ahmed Kuru, failed to convincingly explain inability of the agency to...

The chief executive also assured that Nigeria would see better times in the oil and gas industry as recent policy  reforms are realised through the NNPCL  The Nigerian National Petroleum Company Limited (NNPCL) has declared that it remitted N4.5 trillion generated  revenue as at October this year into the federation’ account. The state oil company further asserted that prosperity is imminent for the country because itself and other significant players in the oil industry are...

Minister Edu called attention to non-provision for a poverty eradication trust fund and said there has been over 71% reduction in capital allocation to the ministry between 2022 and 2023  The Minister of Humanitarian Affairs and Poverty Alleviation, Dr. Beta Edu, has pleaded with the National Assembly to increase the capital allocation to her ministry in the 2024 budget as the amount allocated is not sufficient for poverty eradication in the country.  The minister made...

The senate committee expressed concerns over low budgetary allocation to the ministry of information and its parastatals and promised to ‘do something about it.’  The Senate has frowned at the allocation to the ministry of information and national orientation in the N27.5 trillion 2024 budget. The Senate Committee on Information expressed this displeasure during the budget defence session with the officials of the ministry on Tuesday. In his presentation before the committee, the Minister of...

President Tinubu has requested the Senate’s confirmation of 19 nominees as commissioners of the National Population Commission (NPC). Ahead of the planned conduct of a national census, President Bola Tinubu has requested the Senate to approve his nominees for appointment into the National Population Commission (NPC). The President’s request was contained in a letter read by the President of the Senate, Godswill Akpabio on Tuesday during plenary. The list contains prospective commissioners to represent states...

Senator David Umahi promises to include a provision for a 15-year shelf-life insurance guarantee for projects and a maximum of 5% Variation of Price (VoP) Clause in the contracts. The minister of works, Senator David Umahi, has announced plans to include a provision for a 15-year shelf-life insurance guarantee for projects and a maximum of 5% Variation of Price (VoP) clause in contracts awarded by his ministry. Umahi said this during the 2024 budget defence...

In a rather ironic twist, the federal government which introduced the naira redesign policy now admits its deleterious consequences   The Federal Government has bemoaned the rate at which farmers are going bankrupt in the country due to the naira redesign policy pushed through by the Central Bank of Nigeria (CBN) from December 15, 2022 to early February this year when the Supreme Court ruled against it. This was as lawmakers in the national ssembly...

The senators were on a condolence visit to the governor of Kaduna State, Sen. Uba Sani, where they pledged a full-fledged investigation into the costly military misadventure The members of the 10th Senate have announced the donation of N109 million being their December salaries, to the victims of the bombing mishap that took place in Kaduna last Sunday. This is as they promised not to leave any stone unturned in unravelling the circumstances that led...

The state oil company reveals massive scale of oil theft through multiple illegal connections across the country but maintains that production projections are realistic The Nigerian National Petroleum Company Limited (NNPCL) has disclosed that there are 4,800 illegal connections on some 5,000 kilometers of oil pipelines across the country. This was disclosed by the Chief Executive Officer of NNPCL, Mele Kyari, during an interface with the members of the senate committee on Appropriations held on...

The Senate has resolved to increase the 2024 Budget of the ministry of labour and productivity to enable more revenue generation The senate committee on labour and productivity has considered the need for increased revenue generation and accordingly raised the 2024 budgetary allocation of the ministry of labour, productivity, and employment. This followed requests from ministers in the ministry during the 2024 budget defence on Friday, December 8, 2023. While the amount of raise was...