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Akpabio pledges transparency and inclusiveness in reviewing 2024 budget

Akpabio also assured that the National Assembly will conduct a thorough and meticulous review of the budget estimates. The President of the Senate, Godswill Akpabio, has assured that the National Assembly will ensure that the 2024 budget reflects the principles of transparency, accountability and inclusiveness. This is as he attributed the cordial relationship between the Executive and the 10th National Assembly to Ex-lawmakers holding positions in the Executive. Akpabio made this remark in his welcome...

Priorities of Tinubu’s 2024 ‘Budget of Renewed Hope’

The 2024 budget deficit will be financed by new borrowing totaling N7.83 and N298.40 billion from privatisation proceeds and N1.95 trillion drawdown on multilateral and bilateral loans for specific development projects.     President Bola Tinubu has listed Nigeria’s national defense and internal security, local job creation, macroeconomic stability, investment environment optimisation, human capital development, poverty reduction, and social security as some of the priorities of the proposed 2024 budget. This is even as he...

Reps to suspend plenary for two weeks for 2024 budget defense

Abbas said the budget defense will be carried out jointly by the Senate and the House. The House of Representatives will suspend plenary for two weeks to allow for defense of the 2024 budget by Ministries, Agencies, and Departments of Government.  Speaker of the House of Representatives, Rep. Tajudeen Abbas, had announced that the Green Chamber will sit tomorrow (Thursday) and Friday to debate the 2024 budget due to the urgency of the task. The decision...

2024 budget: Abbas task NIMASA, FIRS others to meet N18 trn revenue projection

The Speaker said the National Assembly will ensure that the 2024 budget includes concrete strategies for sustainable debt management. The Speaker of the House of Representatives, Rep. Tajudeen Abbas, has charged revenue-generating agencies like the Nigeria Customs Service (NCS), and Federal Inland Revenue Service (FIRS) to double their targets to meet the N18 trillion revenue projected in the 2024 budget. The Speaker also enjoined the agencies to focus on raising more revenue through tax reform,...

President Tinubu presents N27.5trn 2024 budget to NASS

President Bola Tinubu has presented the 2024 budget estimates of N27.5trn before a joint session of the National Assembly This is the President’s first budget presentation since he assumed office on May 29, 2023. He arrived at the National Assembly Complex at 11:10 am alongside Vice President Kashim Shettima; the Chief of Staff to the President, Femi Gbajabiamila; Secretary to the Government of the Federation, George Akume; Minister of the Federal Capital Territory, Nyesom Wike;...

Tinubu seeks approval for fresh $8.6bn, £100m loans

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...

Hon. Chike Okafor makes a come back to the House

Chike Okafor was a member of the 8th Assembly. The House of Representatives on Tuesday, administered the oath of office on a former lawmaker, Rep. Chike Okafor (APC, Imo) following his victory at the Appeal Court against his opponent Jonas Okeke of the Peoples Democratic Party (PDP). The Appeal Court ruled that Okeke was not qualified to contest the said election based on the fact that the primary election of the party was held outside...

Reps urge Tinubu to assent to bill criminalising sexual harassment

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...

Tinubu writes Senate on presentation of 2024 budget, receives approval

President Tinubu also sought the approval of NASS to borrow $8.6bn and €100m for the execution of projects. The Senate has received a communication from President Bola Tinubu indicating his intention to present the 2024 Appropriation Bill to a joint session of the National Assembly tomorrow, Wednesday 29th November by 11 am. The letter was read by the President of the Senate, Godswill Akpabio at plenary on Tuesday, and subsequently approved. The letter read in...

Tinubu to present 2024 Budget estimates in a few days – Abbas

The House will convene a town hall meeting to enable citizens to make inputs into the 2024 budget estimates. The National Assembly will in a few days receive the 2024 budget (Appropriation Bill) from President Bola Tinubu as disclosed by Speaker of the House of Representatives, Rep. Abbas Tajudeen. Abbas made the disclosure during a one-day capacity-building retreat for Chairmen and Deputy Chairmen of House Standing Committees in Abuja on Monday. The Speaker in his...

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