LEGISLATURE

Senator Adams Oshiomhole(Edo North) has decried the misappropriation of the contributory pension funds by Governors and the Federal Government, saying both parties were ignoring loans offered by commercial banks and going for the workers fund, owing to the very low interest rate. He…

The Public Accounts Committee, PAC, Of the  House of Representatives currently investigating Ministries Departments and Agencies MDAs of the Federal Government on the alleged mismanagement of COVID-19 intervention funds from 2020-2022 has queried the Federal Ministry of Water Resources for reportedly sinking …

Former House Majority leader, Alhassan Ado Doguwa on Friday denied President Bola Ahmed Tinubu presented an empty Budget Box before the National Assembly. A statement by the Chairman, of the Northern Caucus explained that “what people don’t know is that the President had…

The Senate has urged the federal government to withhold statutory allocation to Local Government (LG) councils whose chief executives and councilors were not democratically elected. The resolution of the red chamber to withhold statutory allocation to LGs whose CEOs were not democratically elected,…

The Senate Leader, Opeyemi Bamidele, said on Thursday the N9.9 trillion set aside as recurrent expenditure in the 2024 budget was too high. Bamidele stated this at the opening of the debate on general principles of the budget at the plenary in Abuja. President…

The Senate has asked the Nigerian National Petroleum Company Limited (NNPCL) and its subsidiaries to submit relevant documents relating to the turnaround maintenance projects of Nigerian refineries. The Senate noted that from 2010 to date, over N12 trillion has been spent on TAM.…

The Senate at plenary on Wednesday unanimously agreed to probe the $500 million contract for the installation of the Close Circuit Television (CCTV) camera awarded in 2015 but allegedly poorly implemented. The resolution of the Senate was sequel to the adoption of a…

The Senate yesterday, passed the 2024-2026 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP). The approval followed the presentation of the report of a Senate Joint Committee chaired by Senator Sani Musa. The panel scrutinised details of the estimates proposed by the various…

President of the Senate, Godswill Akpabio, on Tuesday reshuffled the  committees of the upper chamber. He named Senator Jimoh Ibrahim (APC-Ondo South) as  chairman of Senate Committee on Inter-Parliamentary Affairs while Senator Natasha Akpoti-Uduaghan was named  Chairman of Senate Committee on Local Content. Akpabio…

The House of Representatives on Tuesday approved the 2024-2026 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP). The House approved a benchmark oil price of USD$73.96, $73.76 and $69.90 per barrel, daily crude oil production of 1.78 mbps, 1.80 mbps, and…