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Nigeria’s Monetary Policy good, Fiscal reforms better

The current fiscal policy and debt servicing mechanisms need serious and urgent attention and inclusion to boost the steps taken by the MPC. Fiscal reforms have been a recurring call by many experts and stakeholders, as the ripple effects of the nation’s fiscal policy are becoming evident in the socioeconomic challenges being witnessed. In a recent development, the Central Bank of Nigeria (CBN), through its Monetary Policy Committee (MPC), to stimulate growth, took steps to...

Bill to establish NASS budget office scales second reading in Senate

The budget office will ensure to scrutinise budget estimates of the executive and monitor the implementation of annual budget estimates. The Senate has passed for a second reading a Bill seeking to establish the National Assembly Budget and Research Office (NABRO). The bill titled, “A Bill for an Act to establish the National Assembly Budget and Research Office which provides the National Assembly with objective, timely and non-partisan analysis needed for economic and budget decisions...

Reps fix August 2025 deadline for transmission of amended constitution for assent 

The House has assured Nigerians of an amended constitution to be transmitted to the President for assent by August 2025 by the two chambers of the National Assembly. The chairman of the Constitution Review Committee in the House of Representatives, Deputy Speaker Rep. Benjamin Kalu has slated August 2025 as the deadline for the amended 1999 Constitution of the Federal Republic of Nigeria to be presented to President Bola Ahmed Tinubu for assent. Kalu disclosed...

Senate finally passes bill to extend the retirement age of civil servants working in the National Assembly.

The controversial bill had faced several setbacks in the 8th and 9th Assemblies before its eventually passage. The Senate has finally agreed to extend the retirement age of civil servants working in the National Assembly. The bill, which has been passed by the House of Representatives seeks to increase the retirement age to 65 years or 40 years of service, whichever comes first as against the current law that prescribes 60 years of age or...

Rep urges JAMB to extend UTME registration by Two weeks

If the UTME registration is not extended, many candidates and students will be deterred from participating in the examination. To encourage and increase the participation of candidates for this year’s Unified Tertiary Matriculation Examination (UTME), the House of Representatives is considering extending the registration by two weeks. Rep. Bello Shinkafi (APC Zamfara) pushed for this when he moved a motion on matters of national importance on the need to extend the registration of the exams...

Food security: FG assures Reps of commitment to tackle inflation, boost production 

The Speaker decried the food crisis rocking Nigeria exacerbated by climate change, rising inflation, and pervasive insecurity saying the role of the Committee was very crucial. The Minister of Budget and Economic Planning, Atiku Bagudu, on Thursday, restated the government’s commitment to put in place measures that will ensure adequate nutrition and food security for Nigerians. The Minister gave the assurance when he appeared before the House of Representatives Committee on Nutrition and Food Security...

NIDCOM Board: Reps urge President Tinubu to respect constitution

The challenges faced by Nigerians in the diaspora that necessitated the establishment of NIDCOM  remain unresolved and have worsened. The House of Representatives on Thursday tasked President Bola Tinubu to give effect to the provisions of Section 2 (1) of the NIDCOM Establishment Act, 2017 by constituting the Board of the Nigerians in Diaspora Commission (NIDCOM). The House also asked the President to inaugurate the Board after their confirmation and charge it to immediately address...

Senate affirms Kogi as an oil producing state receiving 13% derivation 

24 hours prior to Senator Isah’s proposal, he and Senator Tony Nwoye engaged in a contentious dispute concerning the satus of Kogi state as an oil-producing state receiving 13% of its revenue. The Senate has affirmed Kogi State as an oil producing state receiving 13% derivation as stipulated for by section 162(2) of the 1999 Constitution (as amended).  Affirmation of Kogi as an oil producing state receiving 13% derivation by the Senate was sequel to...

Reps direct FG agencies to halt all concession process to allow for detail probe 

“Anything regarding concession should be suspended pending the outcome of everything that we are doing here. This goes to all the agencies.” The House of Representatives has asked all Ministries Departments and Agencies (MDAs) of government to suspend all concession processes they are involved in until its ongoing investigation is concluded. The Joint House Committee on Public Assets and Special Duties, chaired by Rep. Kabir Tukura Ibrahim (APC, Kebbi) gave these directives during its inaugural...

NDIC amendment bill scales second reading in Senate

The bill seeks to amend the Nigeria Deposit Insurance Corporation Act No 63 of 2023 to make the Corporation more effective, safeguard its independence and autonomy and bring it in line with current realities and best practices. The Senate has passed for second reading, a bill seeking to guarantee the autonomy and independence of the Nigeria Deposit Insurance Corporation (NDIC). This followed the presentation of the lead debate on the general principles of the bill...

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