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...
The Senate Committee on Health chaired by Senator Ipalibo Harry-Banigo screened the NHIA DG nominee, Dr Kelechi Ohiri. Dr Kelechi Ohiri, the Director-General nominee for the National Health Insurance Authority (NHIA) has assured that he would ensure coverage of more Nigerians under health insurance. Ohiri made this known during his screening by the Senate Committee on Health on Tuesday. The nominee stated in his presentation that it was a fact that a small percentage of...
The ways and means debate had gone on seamlessly until Senator Ali Ndume began accusing the Senate of lacking powers to approve funds already spent. There was a heated argument between Senators over the N29 trillion Ways and Means funds by the immediate past administration. This argument began during the debate of a report submitted to the Committee of the Whole on Tuesday by the Joint Committees on Banking, Insurance and Other Financial Institutions, Finance,...
The Senate called on the Medical and Dental Council to conduct examinations in the six geopolitical zones like the Nigerian Law School. The Senate has called on the Medical and Dental Council of Nigeria to allow foreign students from war-torn countries with Certificates to sit for their professional exams. It also called on the Committee of Vice Chancellors to take in foreign students who fled the war-ravaged countries to enable them to finish their programs....
The Chairman of the FIRS, Zacch Adedeji insisted on the stoppage of N2.7 trillion fresh tax credit assuring that he will cut the number of taxes from 62 to 8. The Senate has expressed disapproval over the 17 trillion loss incurred on tax waivers within the last five years. As a result, it recommended that the Federal Inland Revenue Service (FIRS) suspend the heavily exploited tax waiver programme and replace it with a rebating system....
The Senate had on Wednesday listed the controversial Bill which had passed a third reading in the House of Representatives for concurrence after it passed its first reading in the Senate some weeks ago. There was tension in the National Assembly, following plans by the Senate to give a concurrence to a controversial bill to extend the retirement age for civil servants in Parliament and across the 36 State Houses of Assembly. The bill which...
Although the lawmakers went into the meeting with many doubts and worry, the security chiefs led by the National Security Adviser (NSA), Nuhu Ribadu, eased their anxieties and won the lawmakers’ confidence, Sources at the meeting have made some disclosures of what had transpired during the closed-door session with the service chiefs, heads of Security agencies, and some Ministers. It was disclosed that the security chiefs led by the National Security Adviser (NSA), Nuhu Ribadu,...
Amongst several things, the bill aims to rebuild the road, medical, educational, social, agricultural, and other infrastructures destroyed in the region by the activities of Boko-Haram Insurgents and Bandits. The Senate has passed for second reading, a bill seeking to establish the North West Development Commission (NWDC) to act as a catalyst to develop the arrays of potentials of the North West as well as address the gap in infrastructural development of the region. The...
The Senate bill aims to improve the general welfare of Corp members and NYSC personnel. The Senate has resolved to establish a National Youth Service Trust Fund which would provide sustainable resources of funds for the National Youth Service Corps (NYSC) members. This is as it also plans to train and retrain as well as provide skill acquisition and provide start-up capital for Corp members. These resolutions were sequel to the second reading of a...
Akpabio acknowledged that the country’s economic circumstances were to blame for the manufacturers’ predicament and commended them for their perseverance. The President of the Senate, Godswill Akpabio has pledged the support of the National Assembly for Nigerian manufacturers to make the manufacturing industry flourish. While visiting him in his office on a courtesy call on Wednesday, Akpabio made the promise to the Executive of the Manufacturers Association of Nigeria (MAN). He gave his guests an...
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