News

INSIGHT: NNPCL, public revenues and the profit motive

Efe IseghohimeMarch 11, 20245 min

Ever wondered how the Nigerian National Petroleum Corporation Limited (NNPCL) earns and utilizes money and on whose behalf? This piece explores how the state-owned company generates income and makes profits as empowered by the Petroleum Industry Act (PIA) 2021 and how such revenues contribute to Nigeria’s economy. Until the enactment of the Petroleum Industry Act (PIA), 2021, the Nigeria National Petroleum Corporation (NNPC) was a state-owned behemoth that played both regulatory and commercial roles in...

Senate

Budget Padding: Presidency carpets Senator, says budget not padded

Leah TwakiMarch 11, 20243 min

“We don’t expect a ranking Senator not to pay due attention to details before making wild claims.” Following the claims made by Senator Abdul Ningi, (PDP, Bauchi Central), that President Bola Ahmed Tinubu-led Federal Government is operating two versions of the 2024 budget, the presidency has replied by saying there is no truth whatsoever in the allegation. Acting under the banner of the Northern Senators Forum, Senator Ningi, claimed in an interview he granted BBC...

Senate

Akpabio nominated into committee of World Conference of Speakers of Parliament

Leah TwakiMarch 11, 20241 min

Akpabio is the first Nigerian to be elected into the committee of the World Conference of Speakers of Parliament since 1964. The President of the Senate, Godswill Akpabio, has been designated to be in the Preparatory Committee for the 6th World Conference of Speakers of Parliament. According to a statement issued by the General Secretary of the African Parliamentary Union (APU) to the General Secretary of the International Parliamentary Union (IPU), Mr Martin Chungong, “Mr...

Citizens Speak

IWD: NASENI to raise number of female engineers in Nigeria

Leah TwakiMarch 11, 20244 min

“The global average for female representation in engineering is 28 per cent. In Nigeria, it is only five per cent, only one in 20 Nigerian engineers is a woman.” The National Agency for Science and Engineering Infrastructure (NASENI) through collaboration with the Presidential Implementation Committee on Technology Transfer (PICTT) has unveiled an initiative supporting Female Engineers to succeed in Engineering and Technology-Based Enterprises The Executive Vice Chairman/Chief Executive Officer (EVC/CEO) of the National Agency for...

Senate

Northern senators uncover padded 3trn in Tinubu’s 2024 budget

Sharon EboesomiMarch 11, 20249 min

The Northern Senators forum chaired by Senator Ningi said the unexplained increase in the 2024 budget was unacceptable and questionable. The Northern Senators Forum has alleged that its consultants have uncovered N3trillion unexplained increase in the N28 trillion 2024 budget previously signed by President Bola Tinubu. The inexplicable increase, which was biassed against Nigeria in general and the North in particular, was deemed unacceptable by the forum. This was stated by the forum’s chairman, Senator...

IWD: Nigerian women are a full package – Akpabio

Leah TwakiMarch 9, 20242 min

Akpabio emphasized that no nation succeeds without investing in women as it is popularly agreed that “Train a woman and you train a nation”. The President of the Senate, Senator Godswill Akpabio (APC, Akwa Ibom), has congratulated women on the occasion of the 2024 International Day of Women, saying they deserve all the respect. Akpabio, in a statement to celebrate the women signed by his Special Adviser on Media and Publicity, Hon. Eseme Eyiboh singled...

BREAKING: Top 7 female lawmakers in Nigeria making waves on International Women’s Day

Elizabeth AtimeMarch 8, 202412 min

These female lawmakers have been instrumental in shaping policies, advocating for gender equality, and championing the rights of women and marginalized groups across the country. As the world commemorates International Women’s Day (IWD), it is essential to shine a spotlight on the remarkable contributions of female lawmakers in Nigeria who have been making significant strides in shaping the political landscape. These women are increasingly breaking barriers and making strides in politics, particularly in the legislative...

House of Representatives

IWD: Abbas, Kalu restate commitment to women inclusion

Elizabeth AtimeMarch 8, 20244 min

The United Nations has designated the theme: ‘Invest in Women: Accelerate Progress’ for the 2024 edition of the International Women’s Day. The Speaker of the House of Representatives Rep. Abbas Tajudeen (APC, Kaduna) and his Deputy, Rep. Benjamin Kalu (APC, Aboa) have restated their commitment to empowering and including women in politics and governance, as the world marks the International Women’s Day on Friday. The United Nations has designated the theme: ‘Invest in Women: Accelerate...

House of Representatives

MDAs in trouble with Reps over tax indebtedness of N5.2trn

Elizabeth AtimeMarch 8, 20244 min

Tax is a veritable tool used by governments to regulate economic and commercial activities and ensure the availability of funds for sustainable national development. One of the many matters that seem to be deliberated upon oftentimes by the National Assembly is non-remittance and under-remittance of funds meant as revenue generation for the national purse. The fact that most companies including oil firms are indebted to the federal government by way of non-remittance of tax running...

Senate

Senate to probe delay in distribution of 100mw of Electricity in Delta

Sharon EboesomiMarch 8, 20243 min

According to the World Bank collection of development indicators, compiled from officially recognized sources, access to electricity in Nigeria was reported to be at 59.5 % in 2021. In recent years, the power sector in Nigeria has been faced with several challenges related to electricity policy enforcement, transmission system constraints, and major power sector planning shortfalls. This has majorly been a result of the country’s poor transmission network and incessant collapse of the national grid...

Newer Posts

Older Posts