Hightlight Archives - Page 174 of 202

2024 budget: Abbas task NIMASA, FIRS others to meet N18 trn revenue projection

Elizabeth AtimeNovember 29, 20234 min

The Speaker said the National Assembly will ensure that the 2024 budget includes concrete strategies for sustainable debt management. The Speaker of the House of Representatives, Rep. Tajudeen Abbas, has charged revenue-generating agencies like the Nigeria Customs Service (NCS), and Federal Inland Revenue Service (FIRS) to double their targets to meet the N18 trillion revenue projected in the 2024 budget. The Speaker also enjoined the agencies to focus on raising more revenue through tax reform,...

House of Representatives Senate

President Tinubu presents N27.5trn 2024 budget to NASS

Kauthar KhaleelNovember 29, 20231 min

President Bola Tinubu has presented the 2024 budget estimates of N27.5trn before a joint session of the National Assembly This is the President’s first budget presentation since he assumed office on May 29, 2023. He arrived at the National Assembly Complex at 11:10 am alongside Vice President Kashim Shettima; the Chief of Staff to the President, Femi Gbajabiamila; Secretary to the Government of the Federation, George Akume; Minister of the Federal Capital Territory, Nyesom Wike;...

Nuggets & Learning

EXPLAINER: The Budget: What it means and why it is important

Joy EruraneNovember 29, 20237 min

The annual budget determines how our lives as citizens are impacted by the government, which, acting on our behalf, allocates resources from our commonwealth to provide services for our benefit Do you know that the budget is a law? And like all laws passed by the legislature, it follows the same stages that a bill travels to become law. Since it is one of the most critical laws enacted annually in the country, is it...

House of Representatives

Tinubu seeks approval for fresh $8.6bn, £100m loans

Beloved JohnNovember 29, 20232 min

President Bola Tinubu has approached the House of Representatives for the approval of $8.6 billion and £100 million in fresh loans. The request of the President was contained in a letter to the House read during the plenary by the Speaker, Tajudeen Abbas on Tuesday. According to the president, the loans are needed to fix Nigeria’s infrastructural deficit, the harsh economic crisis and improve citizen’s standard of living across the country. “I write in reference...

Senate

Senate reject bill to empower parties fill vacant assembly seats without elections

Sharon EboesomiNovember 28, 20233 min

The Leader of the Senate faulted the bill sponsor for not presenting a copy of the amendment to Senators. The Senate has stepped down the second reading of a bill seeking to allow political parties to nominate and fill vacant seats in the National and State Assemblies without bye-election in the event of the death or resignation of a legislator. The Bill titled, “A Bill for an Act to Amend the Electoral Act, 2022 to...

House of Representatives

Reps urge Tinubu to assent to bill criminalising sexual harassment

Beloved JohnNovember 28, 20233 min

The Sexual Harassment Bill proposes a 14-year jail term for offenders. The House of Representatives has called President Bola Tinubu to sign the Sexual Harassment of Students in Tertiary Educational Institutions Bill into law. According to the House, assenting to the bill, which is titled: “A Bill for an Act to Prevent, Prohibit and Redress Sexual Harassment of Students in Tertiary Educational Institutions and for Matters Concerned therewith, 201”’ will be a major step toward...

House of Representatives Senate

Tinubu writes Senate on presentation of 2024 budget, receives approval

Sharon EboesomiNovember 28, 20232 min

President Tinubu also sought the approval of NASS to borrow $8.6bn and €100m for the execution of projects. The Senate has received a communication from President Bola Tinubu indicating his intention to present the 2024 Appropriation Bill to a joint session of the National Assembly tomorrow, Wednesday 29th November by 11 am. The letter was read by the President of the Senate, Godswill Akpabio at plenary on Tuesday, and subsequently approved. The letter read in...

Citizens Speak Uncategorized

COP28: Why Africa Must Accelerate Transition from Fossil Fuel to Renewable Energy

Op-ed EditorNovember 27, 202310 min

In this opinion piece, Rep. Sam Onuigbo, sponsor of Nigeria’s Climate Change Act, says a major agenda for COP28 should be the search for unselfish leadership and a collective resolve to accelerate the transition from fossils to renewable energy It is on record that 151 countries have pledged to attain net zero emissions. Yet, The United Nations Environment Programme (UNEP) Emissions Gap Report 2023, which was released earlier this month, shows that countries all...

House of Representatives

Tinubu to present 2024 Budget estimates in a few days – Abbas

Elizabeth AtimeNovember 27, 20236 min

The House will convene a town hall meeting to enable citizens to make inputs into the 2024 budget estimates. The National Assembly will in a few days receive the 2024 budget (Appropriation Bill) from President Bola Tinubu as disclosed by Speaker of the House of Representatives, Rep. Abbas Tajudeen. Abbas made the disclosure during a one-day capacity-building retreat for Chairmen and Deputy Chairmen of House Standing Committees in Abuja on Monday. The Speaker in his...

House of Representatives Senate

CSOs laud NASS’ resolve to amend fiscal responsibility law to check corruption

Kauthar KhaleelNovember 27, 20234 min

The CSOs have been advocating for an amendment of the FRA 2007 to bring about enduring solutions to the public finance management challenges plaguing the country. The recent resolve by the National Assembly to commence the process of reviewing the Fiscal Responsibility Act (FRA) 2007 has drawn commendation from a cluster of civil society organisations (CSOs) led by OrderPaper Advocacy Initiative and the Growth Initiatives for Fiscal Transparency (GIFT). The amendment is targeted to empower...

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