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Hightlight Archives - Page 124 of 178 - Parliament Reports

Reps commend NARTO for calling off strike, task FG on issuance of license to local refineries 

The meeting resolved to commend the leadership of NARTO and PETROAN for their role in calling off the strike, which has given room for the distribution of petroleum products. The House of Representatives Committee on Petroleum Downstream has commended the leadership of the National Association of Road Transport (NARTO) for calling off their strike. The lawmakers also tasked the federal government (FG) to encourage local refiners with licenses and funding to increase the quality and...

Nigeria’s foreign debt may climb to N107.38trn – CISLAC warn NASS

The foreign debt may rise if requests for loans by the Federal Government are approved by the National Assembly with little or nothing to show as to what the loans were used for. The Civil Society Legislative Advocacy Centre (CISLAC) and other Civil Society (CSO) groups have called on the National Assembly to address Nigeria’s revenue shortfalls and tackle the current hardship in the country through urgent legislative measures. The group comprising of the CISLAC...

Inflation and its impact on everyday life

Rising inflation rates may disproportionately affect the poor due to their limited access to financial services resulting in lower income and higher relative prices of essential goods, thereby increasing poverty overall.  It is the dream of every country, developed or underdeveloped, to see equitable advancement in the living standards of its people. This advancement encompasses every element of human pursuits and is the centre of development in the economic sector.  Also,  it is impossible to...

Senate dumps FIRS on Tax Credit controversy

Senator Sani Musa noted that a fresh implementation of the policy outside the N2.7 trillion should be halted for now. The Senate through its committee on Finance, dumped the stay-of-action position proposed to it by the Federal Inland Revenue Service (FIRS) on the N2.7 trillion Tax Credit Fund required for specific road construction by the Federal Ministry of Works.  In an interaction with the Committee the previous week, Zacch Adedeji, the Chairman of FIRS, blasted...

Speaker Abass describes late Ghali Na’bba as extraordinary statesman

The Speaker eulogised the Ghali Na’ Abba in a valedictory session describing him as a leader with an impeccable leadership style. The Speaker of the House of Representatives, Rep. Tajudeen Abass (APC, Kaduna) on Thursday showered encomium on the late Speaker of the 4th Assembly, Umar Ghali Na’ Abba, in a valedictory session to pay tribute to the deceased, qualifying him as a true democrat who displayed resilience and put the interest of the masses...

EXPLAINER: All you need to know about the State Police Bill

The State Police Bill has become the most talked about item from the National Assembly this week. In this article, we present everything there is to the bill. OrderPaper, in its Legislative Intelligence Forecast Entry (LIFE) article for the week, had predicted that the issue of state policing would be on the radar at the national assembly. (Read the full article here.) As predicted, the House of Representatives on Tuesday passed for a second reading...

Cardoso confirmed as CBN’s MPC chair, 11 others as members

Senator Abiru said that all of the CBN MPC nominees had received clearance from security agencies and that the panel had not received any petitions objecting to their nominations. The Senate, on Thursday, confirmed the nominations of 12 members of the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) following the consideration of a report by the Committee on Banking, Insurance and Other Financial Institutions. CBN governor, Olayemi Cardoso, was confirmed as MPC chairman.  Those confirmed as members are: Muhammad...

Ways and Means: Saraki drums support for Senate probe

Saraki commended the 10th Senate for their efforts, emphasizing the significance of legislative oversight and the responsibility to advocate truth and represent the people. Former President of the 8th Senate, Bukola Saraki, took to Twitter to express his views on the ongoing probe in the 10th Senate, reflecting on the principles of transparency and accountability established during his tenure. Recalling the 8th Senate’s commitment to transparency, Saraki reminisced about their scrutiny of foreign loan requests...

INSIGHT: NNPC and the Akara Company Story

In discussions surrounding the transitioning of the Nigerian National Petroleum Corporation Limited (NNPC) to Nigerian National Petroleum Corporation Limited (NNPCL), misunderstandings persist about its ownership and mode of operations.   One of the major misconceptions is whether or not the NNPC is a commercial or private company. Confused about what these terms mean? There is a story about the Akara for 4 the People Company that can help us understand what is important here. In case...

Alleged Defamation: ‘Retract your statement or be ready to pay N1bn’ – Emefiele to Akpabio

Emefiele has vowed to sue the Senate President, Godswill Akpabio, for alleged defamation and demanded an apology in written form and published in the media. The immediate-past Central Bank of Nigeria Governor (CBN), Godwin Emefiele, has vowed to sue the Senate President, Godswill Akpabio, for alleged defamation. The Senate president had at Senator Barinada Mpigi’s thanksgiving service in Koroma, Tai Local Government Area, Rivers State on February 18, stated that President Bola Tinubu’s administration did...

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