Sanusi, a former CBN governor, renowned for his blunt forthrightness, said the national assembly shares huge blame for the opacity and alleged corruption of the NNPCL, the state oil company Former governor of the Central Bank of Nigeria (CBN), Sanusi Lamido Sanusi, has said the failure of the National Assembly to adequately carry out its oversight functions on the Ministry of Petroleum Resources, the Nigerian National Petroleum Corporation Limited (NNPCL), and other relevant departments in...
The NPA explained that Nigeria lost billions of naira due to faulty concessions granted to private operators by the federal government in the past The Nigerian Ports Authority (NPA) has blamed faulty concessions entered into with private operators by the Federal Government for huge sums of unremitted revenues. The authority, however, said the Wold Bank is assiting it to rectify the bad deals and that it had been able to recover a fraction of what...
The national assembly joint committee flayed officials of the correctional service who fiddled and fidgeted in providing answers to questions The Senate has lambasted officials of the Nigerian Correctional Service (NCoS) over the inhumane conditions of inmates in their custody. This followed series of questions thrown at the officials by lawmakers during the 2024 budget defence with the National Assembly joint committees on Interior on Thursday, December 7, 2023. Trouble started when Sen. Adams Oshiomhole...
The former labour leader says the government must scale up efforts to address unemployment as prisoners from other countries have made matters worse by taking up jobs meant for Nigerians Chairman of the Senate Committee on Interior, Adams Oshiomhole (APC, Edo North) has lamented the high unemployment rate in the country, which he linked to the number of foreign prisoners who get into the country under false pretences, pose as tourists, and take up legal...
The interior minister says the poor release of funds constrained the efforts of hardworking personnel of the immigration service to secure the country’s borders The Minister of interior, Olubunmi Tunji-Ojo, has called for an urgent need to secure Nigeria’s borders in order to reduce the risks of insecurity in the country. This is as he stressed that further delays in securing the border will amount to continuous threat to the country’s internal security. He...
The NPA may be compelled to appear before the Senate panel to answer queries regarding an alleged one billion dollars revenue leak as well as other huge sums unaccounted for The management of the Nigeria Ports Authority (NPA) has come under fire from the Senate Public Accounts Committee (PAC) for declining invitations to respond to questions on a $1 billion alleged to be missing by the report of the Auditor-General of the Federation (AuGF)....
The option of climate finance as a cheap funding source for the budget is being explored in place of wholesome borrowing, says Tinubu’s minister The Minister of Finance and Coordinating Minister for the Economy, Mr. Wale Edun, has said the Federal Government will explore climate finance in order to reduce the rate of borrowing in country. Edun made this statement while speaking at an interactive session on the 2024 budget organised by the Senate Committee...
The Senate President doubled down on his earlier call that MDAs must take the budget defence exercise seriously or risk sanctions The President of the Senate, Sen. Godswill Akpabio, has issued a stern warning to Ministries, Departments and Agencies (MDAs) of the Federal Government cautioning them not to take a casual approach during the budget defence exercise. Akpabio gave the caution while speaking at an interactive session organised by the Committee on Appropriations on Tuesday...
The near acquiescence of opposition senators in debating the 2024 budget proposal from President Tinubu gives a foresight into the vibrancy or otherwise of the 109-member Senate under the Bola Tinubu presidency The Senate passed the N27.5 trillion 2024 budget for second reading on Friday, 1st December, 2023. This was after senators subjected the general principles of the budget to a two-day debate which seemed more of a ritual and evidently lacking in rigours. Each...
The newly sworn-in senator from Kogi State says the interventionist agency can work with the local content board to scale skills development that addresses the manpower needs of companies in the niger delta region Senator Natasha Akpoti-Uduaghan, (PDP, Kogi Central) has admonished the Niger Delta Development Commission (NDDC) to upscale its skills development efforts such that beneficiaries can feed the local content capacity of companies operating in the niger delta area. Sen. Akpoti-Uduaghan made the...
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