Hightlight Archives - Page 185 of 203

President Tinubu to present 2024 budget in November

Kauthar KhaleelOctober 26, 20233 min

The Appropriations Committee chairman said the National Assembly will not approve a budget that is inflated by the cost of governance as against driving infrastructure. President Bola Ahmed Tinubu will present the 2024 budget estimates to the National Assembly in November, for scrutiny and eventual passage. The National Assembly will also receive Federal Government the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy (FSP) from the Federal Government next week for scrutiny. The Chairman, Senate...

House of Representatives

Reps rejects motion seeking free WAEC, NECO, JAMB registration

Beloved JohnOctober 25, 20233 min

Rep. Dekeri argued part of the money saved from fuel subsidy removal could be used to cover the WAEC and other examinations of students as a form of palliative. The House of Representatives stepped down a motion calling on the federal government to assist students with the cost of secondary school examinations in 2023/2024 to cushion the effect of fuel subsidy removal. The motion on the “Need to Compel JAMB, WAEC, and NECO Examination Bodies...

House of Representatives

Reps to probe power sector intervention funds

Beloved JohnOctober 25, 20233 min

The motion sponsor said the intervention funds into the power sector, banks have taken over six of the eleven DisCos in Nigeria due to poor financial performance and management. The House of Representatives is set to investigate the financial interventions for the power sector since privatisation in 2013. This is even as it lamented that the sector still suffers revenue shortfalls which it attributes to high electricity tariffs despite the numerous intervention funds provided by...

Senate

Senate pass bill to bar CBN governor, deputies from partisan politics

Kauthar KhaleelOctober 25, 20234 min

Embattled ex-Governor of CBN, Godwin Emefiele attempted to contest the 2023 presidential election while in office. The Senate has passed for a second reading, a bill seeking to ban the Governor and Deputy Governors of the Central Bank of Nigeria (CBN) from participating in politics. The passage followed the consideration of two bills to amend the Central Bank Act sponsored by Senator Darlington Nwokocha (LP, Abia Central) and Senator Sunday Karimi (APC, Kogi...

House of Representatives

Reps to investigate service providers involved in P&ID contract

Beloved JohnOctober 25, 20232 min

Rep. Kama, while decrying the fraudulent process of the P&ID deal, noted the need for prioritization and strengthening of the nation’s procurement law. The House of Representatives has resolved to launch an investigation into the Process and Industrial Developments (P&ID) contract. It directed its Committee on Justice and Financial Crimes to investigate the service providers involved in the 20-year gas supply purchasing agreement (GSPA) contract. According to the lawmakers, investigating the service providers...

Senate

Breaking: Senate swears in Yohanna to replace Abbo

Sharon EboesomiOctober 25, 20231 min

An Appeal court voided the election of Elisha Abbo as Senator representing Adamawa North Senator District. The Senate has sworn in Amos Yohanna to replace Senator Elisha Ishaku Abbo in the Nationa Assembly. Yohanna was sworn in during Wednesday’s plenary presided over by the Deputy President of the Senate, Barau Jibrin. The newly sworn-in Senator will represent Adamawa North Senatorial District on the platform of the Peoples Democratic Party (PDP). Recall that the Court...

House of Representatives

Reps summon CBN Governor over forex ban lift

Elizabeth AtimeOctober 25, 20232 min

Rep, Soli noted CBN’s decision to lift the forex ban will affect local production of rice, cement, and palm oil among others. The House of Representatives has summoned the Governor of Central Bank (CBN), Olayemi Cardoso, over his decision to lift the forex ban on 43 items. The House decision was a sequel to a motion of urgent public importance, moved by Rep. Sada Soli (APC, Katsina) at plenary on Tuesday. Recall that the...

House of Representatives LIFE Service Senate

LIFE SERVICE: MTEF and Legislative Agenda take precedence in NASS this week

Kauthar KhaleelOctober 24, 20233 min

This week, OrderPaper’s Legislative Intelligence Forecast (LIFE) Service by Kauthar Anumba Khaleel, highlights issues to be attended by both chambers of the National Assembly. The National Assembly is expected to take receipt of the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) for consideration and passage. The MTEF and FSP set out the Federal Government’s economic, fiscal, and monetary objectives ahead of the 2024 budget presentation, and as required under the Fiscal...

Senate

Bad roads informed our choice of luxury vehicles – Sen. Karimi

Sharon EboesomiOctober 24, 20232 min

Karimi said the decision to purchase the luxury vehicles was based on the condition of Nigerian roads and durability. Despite the economic difficulties in Nigeria and the criticism from the public, the lawmaker representing Kogi West Senatorial District, Senator Karimi Sunday, has defended the ongoing procurement of luxury cars by the management of the National Assembly for lawmakers. Briefing journalists at the National Assembly on Tuesday, Karimi said that the leadership of both chambers of...

Nuggets & Learning

MTEF: What it means and why it matters

Joy EruraneOctober 24, 202314 min

The acronym MTEF may sound technical, and many citizens tend to ignore it. But it should not be so because the document lies at the heart of the annual budget, which determines how better or worse our lives get as Nigerians You must have heard and read about MTEF in the last few days. That is if you keep up with the news aside from gossip, entertainment, and sports, etc. This week, at OrderPaper Nigeria,...

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