Akpabio, Lawan spar over plenary start time 

The incumbent president of the senate, Godswill Akpabio, and his predecessor, Ahmad Lawan, openly disagree over the best time to start senate plenary  There was a mild argument on the floor of the Senate between the President of the Senate, Godswill Akpabio and the immediate past Senate President, Ahmad Lawan over a move to adjust commencement time for plenary. This was prompted by a motion sponsored by the Leader of the Senate, Opeyemi Bamidele (APC,...

Nigeria’s economic mess: Road to 30trn Ways and Means probe

By securitising ways and means, rather than paying back to the CBN, the Federal Government simply places too much money in the capital market, thereby creating the availability of more funds in the economy and fuelling inflation.  The 10th National Assembly is set to investigate the Ways and Means approved by the last government as it, on Tuesday, set up an ad hoc committee, chaired by Senator Jibrin Isah (APC, Kogi East), to probe the...

Senate to probe N30trn Ways and Means secured under President Buhari

The CBN is expected to use the Ways and Means, a kind of loan facility, for financing the federal government’s budget shortfalls. The Senate has resolved to probe how former President Muhammadu Buhari‘s government got and used the N30 trillion Ways and Means loans from the Central Bank of Nigeria (CBN). This is in response to its recommendation that the federal government give priority to liquidating its N30 trillion Ways and Means liability over 40...

Defence budget isn’t for security agencies to work in silos – Senators

Members of the joint committee promised to increase the defence budget to ensure that the ministry and security agemcies are completely equipped to perform their functions The National Assembly joint committee on defence has told the minister of defence that budgetary allocations to security agencies should be of priority knowledge and coordination in order to avoid working in silos.  This position was spearheaded by Senator Ahmad Lawan (APC, Yobe North) during the budget defence of...

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