The finance committee is asked to stay action to allow a review panel harmonise divergent positions, ensuring the contentious tax bill align with national priorities The senate has instructed its finance committee to halt further action on the proposed tax reform bills pending the outcome of a high-level meeting with the Attorney General of the Federation (AGF). Announcing the decision during today’s plenary, Deputy President of the Senate, Barau Jibrin revealed that a special committee...
On Tuesday, the reps determined to investigate the gale of mass retirement in CBN and progressed on a bill on AIÂ Reps to probe mass retirement in the central bank The House of Representatives has resolved to set up an ad-hoc committee to investigate the circumstances that led to the mass retirement of 1,000 staff members of the Central Bank of Nigeria. The House also resolved to ascertain the N50bn payoff earmark for the settlement...
The confirmation of Lieutenant-General Olufemi Olatubosun Oluyede for appointment as Chief of Army Staff and the debate and passage of the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) were the issues addressed in the senate Tuesday. Senate confirms Oluyede as COAS The senate has confirmed the nomination of Lieutenant-General Olufemi Olatubosun Oluyede for appointment as Chief of Army Staff (COAS). The confirmation followed the consideration of reports from the committee on Army...
Federal government has been given an ultimatum by the House of Reps to unfreeze National Social Investment Programme Agency (NSIPA) account The House of Representatives on Tuesday called on the federal government to unfreeze all accounts of the National Social Investment Programme Agency (NSIPA) within 72 hours to facilitate the smooth resumption of its critical poverty alleviation programmes. This resolution, adopted on Tuesday, followed a motion sponsored by Deputy Speaker Rep. Benjamin Kalu (APC Abia)...
While some agencies have defended their partnership agreements as necessary for attracting investment, the national assembly says the country is being cheated.  Nigeria has long grappled with the challenge of revenue mobilisation, a critical factor for achieving fiscal sustainability. Reports have it that critical agencies such as the Nigerian National Petroleum Company Limited (NNPCL), Nigerian Liquefied Natural Gas (NLNG), and Nigerian Immigration Services (NIS) engage in Public-Private-Partnerships (PPPs) and Joint Venture Agreements (JVAs) that disproportionately...
The federal government, through the ministries of marine and blue economy, and transportation have been asked to investigate incessant boat mishaps in the country Just as predicted in OrderPaper’s LIFE Service this week, the House of Representatives called on the federal government through the ministry of marine and blue economy and the ministry of transportation to conduct a thorough investigation into the recent boat mishaps in Nigeria. The ministries were tasked to provide insights and...
The House spokesperson and his deputy came under fire from members over the controversial tax reform bills There was uproar in the House of Representatives on Tuesday as members demanded that the spokesperson of the House, Rep. Akin Rotimi Jr. (APC Ekiti) to sit-down for announcing an endorsement of the controversial tax bills. Akin drew the ire of his colleagues while moving for the consideration of report on Nigerian content development and monitoring on behalf of...
As national assembly plenary resumes today, this edition of RemTracker highlights discussions from last week on CNG and planned probe of NNPCL over non-remittance of funds Day of reckoning beckons for MDAs The House of Representatives is set to investigate revenue-generating agencies for revenue leakages and non-remittance of funds. This decision followed the consideration of the report from the House joint committee on finance, national planning, and economic development regarding the 2025-2027 Medium Term Expenditure...
The senate approved the budget benchmarks with a total spending of ₦47.9 trillion and a new borrowing plan of ₦9.22 trillion. The senate has approved the 2025-2027 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) ahead of the presentation of the 2025 Budget by President Bola Tinubu. This is as it approved the expenditure framework with a total spending of ₦47.9 trillion and a new borrowing plan of ₦9.22 trillion which includes both...
OrderPaper’s Legislative Intelligence Unit can reasonably forecast that the national assembly will continue debates on the controversial tax bills, the 2025 budget benchmarks contained in the MTEF and the unfortunate boat mishap in Niger state. As the National Assembly gears up for a new plenary week, expectations are that it will engage in conversations to address matters of importance to the country. Lawmakers are expected to tackle pressing topics which may include the tax bills,...
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