RemTracker this week highlights legislative attention on lithium, gas flares, local content in the oil and gas industry, and the latest update on the south-south development commission. Close attention to lithium Rep. Victor Obuzor (PDP, Rivers) proposed a motion in the House of Representatives on Wednesday emphasizing the need to upscale the lithium industry and its value chain as a catalyst for driving energy sufficiency and economic growth. The motion cautions against repeating...
Legislators discussed policies on border communities and youth affairs while showing love to the disability community in the country Consideration for Nigeria’s border communities Rep. Adegboyega Nasir Isiaka (APC, Ogun) moved a motion in the House of Representatives for the provision of palliatives to citizens in Nigeria’s border communities. The motion highlighted the ongoing economic hardship caused by the Nigerian Customs Service’s failure to implement the July 11th 2023 resolution lifting the ban on petroleum...
Defection of reps to the APC, concerns for border communities and a proposed commission for the youths were highlights of Thursday’s plenary Consideration for border communities in palliative distribution The House of Representatives has urged key ministries, including humanitarian affairs and poverty alleviation, agricultural production and food security, finance, labour employment, and productivity, and their relevant agencies to prioritise Nigeria’s land border communities in the distribution of palliatives. This aims to mitigate the impact of...
Today, the senate addressed the country’s frequent grid collapses, electricity blackouts, and other issues centred around tax bills. BLACKOUT: Senate slams GenCos, TCN, and DisCos over grid collapse The Senate has strongly criticised power sector operators, including Generation Companies (GenCos), the Transmission Company of Nigeria (TCN), and Distribution Companies (DisCos), for failing to deliver reliable electricity, asserting that they have added no significant value to the sector. The Senate described the privatization of the power...
Labour Party to open ‘Hall of Shame’ register for four defectors from the party in addition to legal action. The House of Representatives witnessed a wave of defections on Thursday, with several lawmakers officially joining the ruling All Progressives Congress (APC). Among the defectors was Rep. Erhiatake Ibori-Suenu, daughter of former Delta State Governor James Ibori, who cited internal crises within her former party, the Peoples Democratic Party (PDP), as her reason for switching allegiance....
Grid collapse aside, Oshiomhole recounted a personal experience of having to purchase a transformer and pay for its installation, only for it to become the property of the distribution company. The senate has strongly criticised power sector operators, including Generation Companies (GenCos), the Transmission Company of Nigeria (TCN), and Distribution Companies (DisCos), for failing to deliver reliable electricity, asserting that they have added no significant value to the sector. The senate described the privatisation of...
A bill seeking to prohibit gas flaring, encourage gas utilization, and provide penalties passed second reading in the House of Representatives In a significant step toward addressing environmental and economic challenges in Nigeria, the House of Representatives has advanced a bill seeking to prohibit gas flaring, encourage gas utilization, and provide penalties and remedies for gas flaring violations. The bill, sponsored by Rep. Babajimi Benson (APC Lagos), scaled its second reading during Thursday’s plenary session....
“We don’t take orders from anyone or any office, no matter how highly placed. We cannot be bullied into taking certain procedures as far as we are concerned.” The senate has refuted media reports claiming it has suspended or withdrawn deliberations on the tax reform bills, clarifying that it merely set up a committee to engage with the Attorney-General of the Federation (AGF), Lateef Fagbemi, to address contentious provisions in the bills. This followed a...
The change, implemented during Thursday’s plenary, came just 24 hours after the committee’s formation. The senate has revised the membership of the 10-man committee established on Wednesday to liaise with the presidency on contentious aspects of the tax reform bills and removed the chief whip, Sen. Tahir Monguno (APC, Borno north) from the committee. The change, implemented during Thursday’s plenary, came just 24 hours after the committee’s formation. The leader of the senate, Opeyemi Bamidele...
The CBN has clarified that its Early Exit Package (EEP) is entirely voluntary and without any negative repercussions for eligible staff The Central Bank of Nigeria (CBN) has dismissed claims of forced mass retirements by staff. The apex bank clarified that its Early Exit Package (EEP) is entirely voluntary and without any negative repercussions for eligible staff. Mrs. Hakama Sidi Ali, acting director of corporate communications stated the decision while speaking in Abuja on Wednesday,...
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