The 10th Senate has not been without controversies, but Karimi seems to have made more headlines on negativity than positivity Sunday Steve Karimi The 10th Senate since its inauguration in June, has witnessed extraordinary senators who have demonstrated that they are real advocates of their citizens but not without some who appear to be unsure of their legislative responsibilities. Over the past few months, the credibility of Senator Karimi Steve Sunday, who represents Kogi west...
The 9th Senate is all now history and all eyes are now focused on the composition of the 10th Senate and its prospects as Nigerians are beginning to gain interest in the legislature. It’s been almost 7 months since the inauguration of the 10th Senate where Senators elected their leaders of which they elected Godswill Obot Akpabio as Senate President and Barau Jibrin as Deputy Senate President. On July 4th, 2023, Akpabio went further to...
The speaker of the House of Representatives, Tajudeen Abbas, intends to review the Constituency Development Fund Bill to improve transparency and accountability in the utilization of funds designated for constituency projects. The speaker of the House of Representatives, Rep. Tajudeen Abbas (APC, Kaduna), has disclosed that he plans to re-introduce a revised version of the Constituency Development Fund Bill to the floor of parliament. The bill provides a legal framework for the management, disbursement, utilization,...
President Tinubu in the 2024 appropriation bill signed into law followed the tradition of his predecessor with a budget deficit of N9.178tn A Budget typically comprises 2 main items. The revenue (income) and the expenditure (how the income is to be disbursed and spent majorly as a capital project or a recurrent project). A budget deficit occurs when one’s expenditure is more than the revenue. That is, you plan to spend more than the earnings....
The President makes history as he not only signs 2024 budget but also endorses the extension of the 2023 supplementary appropriation earlier passed by the parliament President Bola Tinubu has signed into law the 2024 budget of N28.7 trillion. The president also signed the N2.2tn supplementary appropriation for 2023 which will now run alongside the 2024 budget until March 31, 2024. He appended his signature to the bills on Monday, January 1, 2024. OrderPaper recalls...
The representatives explained that inflation and the need for a realistic dollar exchange rate necessitated the increase of N1.2trn in the 2024 budget The National Assembly has passed the 2024 budget with an increase of N1.2trn. The lawmakers, who held a special session to pass the budget, increased the estimate from N27.5 trillion presented by President Bola Tinubu to N28.7trillion. The Senate also passed the 2024 budget with a similar raise of the estimates. Explaining...
Tinubu assured that the interest rate on securitised Ways and Means advances has been trimmed to 9% per annum, compared to +3% on the MPR. The Senate has approved the securitisation of outstanding 7.388trn Ways and Means following President Bola Tinubu’s request. The President said the move is aimed at realising the reduction of debt service cost and to extend the repayment period of the existing loans. This was disclosed in a letter read by...
In passing the budget the Senate also jerked up the exchange rate for 2024 to N800 per US dollar but retained oil production and price benchmarks as proposed by President Tinubu The Senate has approved the budget for the 2024 fiscal year. The budget was, however, increased from N27.5 trillion presented by President Bola Tinubu on November 29, 2023 to N28.7 trillion. This shows an increase of over N1.2 trillion. The Senate also increased the...
The speaker acknowledged the technical support the House of Representatives receives from OrderPaper Nigeria and other development partners The Speaker of the House of Representatives, Rep. Tajudeen Abbas has commended OrderPaper Nigeria and other development partners for their support to and collaboration with the House that has yielded some successes in the last six months of the 10th assembly. The Speaker gave the recognition on Saturday during his remarks at a special session by the...
Senators requested the ministry of humanitarian affairs to offer prompt aid and supplies to victims of the Plateau killings The Senate has summoned security chiefs to brief it on the attacks that took place during the Christmas eve in Plateau State, which led to the death of over 100 Nigerians. It summoned the Chief of Army staff, Gen. Taofeeq Lagbaja, the Chief of Air Staff, Air Marshal Hasan Abubakar and the Inspector General of Police,...
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