Unrealistic parameters and projections in the 2024 appropriation bill may turn the budget of renewed hope into renewed hopelessness, warns a member of the House A member of the House of Representatives from Anambra State, George Ibezimako Ozodinobi, has cautioned against unrealistic paramaters and projections in the 2024 budget proposal. Ozodinobi (LP, Anambra) gave the caution during the debate of the 2024 appropriation bill at the plenary on Friday. The Labour Party lawmaker, who...
With a flurry of positive comments, the House passed the 2024 appropriation bill on Friday after lawmakers aired their submissions at plenary for two days The N27.5 trillion budget proposed for 2024 has passed second reading in the House of Representatives. The House passed the appropriation bill on Friday after lawmakers aired their submissions on the estimate during plenary held for two consecutive days. Debate on the bill began on Thursday, November 30, about 24...
Debate on the 2024 budget presented by President Bola Tinubu to the National Assembly on Wednesday, has commenced in the House of Representatives. The House of Representatives has began debate on the N27.5 trillion budget proposed by President Bola Tinubu on Thursday. Opening the debate, the Leader of the House, Julius Ihonvbere, observed that the 2024 budget focused on education, security, and infrastructure development, among other key priorities. He described the budget as a...
The representative from Kaduna State argued that adhering to the UNESCO recommendation on allocation to the education sector would do the country a lot of good A lawmaker in the House of Representatives, Bello El-rufai (APC, Kaduna), has advised that the allocation for the education sector in the 2024 budget meet the 26 per cent benchmark recommended by the United Nations Educational, Scientific and Cultural Organization (UNESCO). He said on the plenary on Thursday,...
The President said new borrowings are inevitable to fund the budget deficit in keeping with the trend before he assumed office The N9.18 trillion deficit for the proposed 2024 budget will be financed using a N7.83 trillion fresh loan to be taken by the federal government, says President Bola Ahmed Tinubu. The federal government will also use multilateral and bilateral loans secured for specific projects and privatisation proceeds of N22 billion to fund the...
The much-anticipated student loan scheme has now received budgetary allocation to ensure commencement next year President Bola Tinubu has said the student loan scheme will become operational by January 2024. He disclosed this on Wednesday during the presentation of the 2024 Appropriation Bill at the National Assembly in Abuja. According to him, the scheme is a sustainable model for funding tertiary education, and increasing citizen’s access to higher education. Describing the budget as the Renewed...
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...
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...
The motion sponsor said the provision of rail lines linking all the geo-political zones would save lives and relieve the pressure on the already failing road infrastructure. The House of Representatives has called on the Federal Government to construct new railway lines in the South-South, South-East, North-Central, and North-western parts of Nigeria. The House noted that an expansion of the rail transport system to other parts of the country would be beneficial to the country’s...
The House will investigate the release of the N19.2 billion allocated for the devastating impact of flooding on farmlands across the nation. The House of Representatives has tasked the Federal Government to expedite action against the recurrence of flood disasters across the country. This is as it demands that the Federal Government provide relief materials for flood victims across the country, and create awareness among the populace for flood prevention. The House also directed the...
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