The House of Reps will commence an investigative hearing on the alleged misappropriation of COVID-19 funds, expended between 2020 – 2022, on Wednesday, January 16, 2023. The House of Representatives is set to commence an investigation on the alleged mismanagement of COVID-19 funds released between 2020 to 2022. In a statement issued on Tuesday, January 16, 2024, by Rep. Akin Rotimi (APC, Ekiti), Chairman, House Committee on Media & Public Affairs, a series of hearings has...
CBN has decided to tackle FX transaction abuses in clearing liabilities backlog as it vowed to continue settlement of verified FX backlog. The Central Bank of Nigeria (CBN), in its bid to clear the backlog of outstanding foreign exchange liabilities, has paid approximately USD 2.0 billion across various sectors, including manufacturing, aviation, and petroleum. The Bank has also cleared up the entire liability of 14 banks and started settlements with foreign airlines. The CBN Acting...
Over time, as society evolves and development aspirations expand, there arises a need to establish or amend rules to fit current situations and values. The constitution of the country is not immune from such amendments
Sanwo-Olu assured Lagosians that technology, education, infrastructure, and environment will all receive greater priority in the 2024 budget The Governor of Lagos State, Babajide Sanwo-Olu on Monday, signed the N2.267 trillion 2024 Appropriation Bill for Lagos State into law, assuring Lagosians of effective implementation. Recall that the budget estimate for the 2024 fiscal year tagged ‘Budget of Renewal’ was presented to the Lagos State House of Assembly for consideration on December 13, 2023. Sanwo-Olu however,...
SERAP has asked the Senate President, Godswill Akpabio, and the Speaker of the House of Representatives, Tajudeen Abbas, to reduce the National Assembly budget of N344.85 billion, and make it reflect the country’s current economic realities. The Socio-Economic Rights and Accountability Project (SERAP) has asked the National Assembly to cut down its budget for the 2024 fiscal year which is pegged at N344.85 billion. The non-profit organisation urged the Senate President, Godswill Akpabio (APC, Akwa-Ibom...
The House of Reps has reiterated its dedication to ensuring that the Nigerian Armed Forces is provided with the support it requires. The House of Representatives has vowed to continuously support the Nigerian armed forces by swiftly approving the required supplementary and substantive appropriations it requires. This was disclosed in a statement issued by the Chairman, House Committee on Media & Public Affairs, Akin Alabi (APC, Oyo) on Monday, January 15, 2024, in commemoration...
Since the inauguration of the current National Assembly in June 2023, there have been changes in the composition of lawmakers that make up the 10th House of Representatives due to factors such as judicial verdicts and resignations. It has been over six months since members of the 10th House of Representatives were inaugurated and lawmakers commenced their responsibilities of lawmaking, oversight, and representation of citizens residing in the 774 local government areas across the country. ...
The National Assembly had initially fixed 23rd January 2024 for its resumption after adjourning following approval of the 2024 Budget in December The National Assembly has postponed the resumption of its plenary session, originally scheduled for January 23, 2024 to the 30th of January, 2024. This was contained in a statement addressed to members of the House of Representatives by the Clerk to the House of Representatives, Yahaya Danzaria. Recall that the National Assembly had...
President Tinubu has created a six-person panel to reposition Nigeria’s social investment programmes and improve citizen’s confidence in investment programmes. President Bola Ahmed Tinubu has set up a special presidential panel to review social investment programmes in the country. The minister of finance, Wale Edun, has been named to lead the panel in undertaking its task, according to a statement issued by the presidential media adviser, Ajuri Ngelale, on Saturday, January 13, 2024. This follows...
Akpabio says the Tinubu-led administration is ready to take Nigeria to greater heights and urged citizens to remain supportive The President of the Senate, Godswill Akpabio, has urged Nigerians to put aside their differences in order to create a vision for the future, regardless of their political, ethnic, or religious beliefs. Akpabio made this statement while speaking at the inter-denominational Church service to mark the 2024 Armed Forces Remembrance Day celebration held at the National...
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