News

While Speaker Abbas threw his weight behind the push for low-carbon economy, he emphasised that Nigeria’s decarbonisation agenda should not be interpreted as an attempt to undermine the country’s oil and gas sector The Speaker of the House of Representatives, Tajudeen Abbas, has called for urgent and coordinated action to accelerate Nigeria’s transition to a low-carbon economy, warning that the impacts of climate change are already being felt across the country with serious environmental and...

Lawmakers complained that BOI failed to submit the required documents or attend the hearing despite multiple communications and formal invitations The House of Representatives ad-hoc committee probing the operations, funding, and performance of Development Finance Institutions (DFIs) has threatened to invoke its constitutional powers to compel the appearance of the Bank of Industry (BOI) following the bank’s failure to attend the committee’s inaugural hearing. The warning came Wednesday after BOI neither appeared at the session...

Nigeria’s climate investment opportunity could reach approximately US$104 billion by 2030 according to the promoters of Green and Climate Finance Bank of Nigeria  The House of Representatives has expressed strong support for the proposed establishment of the Green and Climate Finance Bank of Nigeria, describing it as a timely intervention to drive sustainable development and renewable energy financing. Chairman of the House Committee on Renewable Energy, Rep. Afam Ogene, made this known on Wednesday during...

The House Committee on Federal Polytechnics and Higher Technical Education has approved the 2024 budget performance reports of federal polytechnics nationwide The House of Representatives Committee on Federal Polytechnics and Higher Technical Education has approved the 2024 budget performance reports of federal polytechnics nationwide, while raising red flags over compliance and staffing issues at the Computer Professionals Registration Council of Nigeria (CPN). The approvals followed a budget defence session on Tuesday at the National Assembly...

The Minister of Justice and Attorney General of the Federation and Civil Society Organisation (CSO) have disagreed over a bill seeking to recognise and protect human rights defenders The Minister of Justice and Attorney General of the Federation, Prince Lateef Fagbemi (SAN) has disagreed with Civil Society Organisations (CSOs) over the Human Rights Defenders Protection Bill (HB 1867). He described the bill as unnecessary and duplicative of existing laws, while raising specific concerns over provisions...

FAAN has vowed to block all revenue leakages across the nation’s airports with the full enforcement cashless payments  The Federal Airports Authority of Nigeria (FAAN) has intensified efforts to curb revenue leakages across the nation’s airports with the full enforcement of electronic payment and collection systems, signalling a major shift in its financial and operational processes. The Managing Director and Chief Executive Officer of FAAN, Olubunmi Oluwaseun Kuku, disclosed this on Tuesday while speaking with...

A jurisdictional disagreement has surfaced within the House of Representatives over which committee has primary oversight authority over the REA as the agency boss obeys one and snubs the other The House of Representatives Committee on Renewable Energy has issued a final summons to the Managing Director of the Rural Electrification Agency (REA), Abba Abubakar Aliyu, and the Head of the Nigeria Electrification Programme (NEP), Olufemi Akinyelure, following their repeated failure to honour invitations from...

Some stakeholders said the proposed National Fintech Regulatory Commission (NFRC), could duplicate functions currently carried out by the Central Bank of Nigeria (CBN) Stakeholders in Nigeria’s fast-growing financial technology (fintech) sector have expressed divergent views over a bill seeking to establish a National Fintech Regulatory Commission (NFRC), warning that while stronger oversight is needed, poor design could create costly regulatory overlap. The concerns were aired on Monday at a public hearing organised by joint committees...