Hightlight Archives - Page 149 of 202 - Parliament Reports

The Senate urged the federal government to permit the importation of Cement as a temporary fix. The Senate has decided to investigate the country’s rising prices for cement and other building supplies. To determine whether monopolistic or market manipulation tactics are to blame for the price increase, the Red Chamber instructed its Committee on Industries, led by Senator Francis Fadahunsi (APC, Osun East), to look into the operations of the nation’s cement manufacturing industries. Additionally,...

A bill for the establishment of the North Central Development Commission also scaled second reading in the Senate. The Senate has passed for second reading, a bill seeking to establish the South West Development Commission, SWDC. This was a sequel to the consideration of the document titled, “A bill for an act to Establish the South West Development Commission charged with the responsibility among others to receive and manage funds from allocation of the Federation...

President Bola Tinubu had last week forwarded to the Senate for confirmation, the names of nominees to the MPC of the Central Bank of Nigeria (CBN). The Senate on Wednesday, subjected nominees for membership to the Monetary Policy Committee, MPC, of the Central Bank of Nigeria (CBN) to thorough drilling. Before the MPC’s meeting slated for next week Monday, the Senate, via its Committee on Banking, Insurance, and Other Financial Institutions, grilled six of the...

The Senate called on the federal government to concentrate on the production and distribution of electricity rather than raising electricity rates. The Senate has demanded that the federal government halt any plans to raise electricity rates in the nation, arguing that the government’s attempt to raise rates and remove subsidies comes at an inappropriate time. To prevent a repeat of the fuel subsidy scandal, it also decided to investigate the N2 trillion electricity tariff requested...

The Senate also confirmed Dr Kelechi Ohiri as the Director-General, National Health Insurance Authority (NHIA). The Senate has confirmed 17 persons for appointment as commissioners of the National Population Commission (NPC) out of the 19 nominated by President Bola Tinubu. These confirmations sequel the adoption of the screening report of the Committee on National Identity Card and Population at the Committee of the Whole during Wednesday’s plenary. Presenting the report, the Chairman of the Committee,...

The CBN is expected to use the Ways and Means, a kind of loan facility, for financing the federal government’s budget shortfalls. The Senate has resolved to probe how former President Muhammadu Buhari‘s government got and used the N30 trillion Ways and Means loans from the Central Bank of Nigeria (CBN). This is in response to its recommendation that the federal government give priority to liquidating its N30 trillion Ways and Means liability over 40...