As national assembly plenary resumes today, this edition of RemTracker highlights discussions from last week on CNG and planned probe of NNPCL over non-remittance of funds
Day of reckoning beckons for MDAs
The House of Representatives is set to investigate revenue-generating agencies for revenue leakages and non-remittance of funds. This decision followed the consideration of the report from the House joint committee on finance, national planning, and economic development regarding the 2025-2027 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF-FSP).
The Nigerian National Petroleum Company Limited (NNPCL) is at the forefront of this probe, as the House expressed concern over its non-remittance of funds, which NNPCL attributes to the ₦10 trillion owed by the federation for fuel subsidy payments.
Moving forward, the House has resolved to convene quarterly investigative hearings with revenue-generating agencies to track their compliance with the Fiscal Responsibility Act (FRA), 2007.
READ ALSO: Revenue leakages: Reps to probe NNPCL over N10trn subsidy claim
More institutions on mining
The push for dedicated learning institutions focused on mining technology is gaining traction as another lawmaker, Rep. Aguye Suleiman Danladi (APC, Kogi) proposed a bill to establish an Institute of Geology Science and Mining in Agbaja, Kogi State. The bill, titled “Institute of Geology Science and Mining (Establishment) in Agbaja, Kogi State (HB.1892),” has successfully passed its first reading, and stakeholders are hopeful about its progress.
Reps support CNG amidst Edo disaster
Following a recent tragic explosion in Edo State, lawmakers have called for immediate legislative action to regulate the production, installation, and use of Compressed Natural Gas tanks in vehicles. Rep. Fuad Kayode Laguda (APC Lagos), who sponsored the motion, highlighted the urgent need for stringent safety measures as part of the CNG initiative.
Amendment of the minerals and mining act
Another proposed amendment to the Nigerian Minerals and Mining Act has been introduced by Rep. Adam Victor Ogene (LP, Anambra). The bill titled “Nigerian Minerals and Mining Act (Amendment) Bill, 2024 (HB.1883)” has also passed its first reading and may be consolidated with a similar bill proposed by Rep. Olusoji Abidemi Adetunji (PDP, Osun).
Stay tuned for the next episode of RemTracker as we continue to uncover important developments in Nigeria’s extractive industry!
