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Senate advances bill mandating 30% local processing of raw materials

Despite widespread support, Sen. Olalere, expressed concerns about the bill’s feasibility, especially in sectors lacking the capacity for local processing. The senate has passed for second reading, a bill seeking to mandate the domestic processing of at least 30 percent of raw materials before export.  This development came during Tuesday’s plenary session, following the presentation of a proposed amendment to the Raw Materials Research and Development Council Act, aimed at promoting local production and value...

Senate warns MDAs of zero allocation for skipping hearings

Committee members indicated plans to summon other agencies, including the NNPC and NEITI to address discrepancies in their submissions. The senate, through its finance committee, issued a stern warning on Monday, threatening to withhold 2025 budget allocations for government agencies that fail to appear for scrutiny of their 2024 expenditure records.. This warning came during an investigative hearing focused on internally generated revenue, fiscal accountability, and the overall state of Nigeria’s financial management system. The...

National assembly appoints Andrew Nwoba as senate clerk

The new appointment of Andrew Nwoba as the Clerk of the Senate, takes effect from Wednesday, December 11, 2024. The National Assembly Service Commission (NASC) has announced the appointment of Andrew Nwoba as the new Clerk of the Senate. This was revealed in a press statement issued on Monday, December 9, 2024, by Emmanuel N. Anyigor, the Commission’s Deputy Director of Information. The appointment is set to take effect from December 11, 2024. Nwoba succeeds...

Tremors of tax bills and blackout blues | SENATE GIST TODAY

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...

BLACKOUT: Senate slams GenCos, TCN, DisCos over grid collapse

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...

‘Senate cannot be bullied, tax bills are alive’ – Bamidele

“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...

Tax Bills: Senate removes Monguno from review committee

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...

Pause on tax bills as minister faces probe | SENATE GIST TODAY

Today, the senate summoned the minister of aviation and aerospace, Festus Keyamo, to address incessant flight delays and cancellations. It also set up a review panel to address contentious issues in the tax reform bills. Tax bills: Senate opts for further consultations 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...

Senate summons aviation minister over flight delays and cancellations

The investigation will uncover the root causes of the flight delays and cancellations and propose lasting solutions. The senate has mandated its committee on aviation to invite the minister of aviation and aerospace, Festus Keyamo, the director general of the Nigeria Civil Aviation Authority (NCAA), Captain Chris Najomo, airline operators and other relevant stakeholders to unravel the circumstances behind the incessant flight delays and cancellations in the country. This resolution followed the adoption of a...

Tax bills: Senate asks finance committee to stay action, names review panel

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...

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