The Senate has commenced a two-day public hearing on proposed tax reform bills, bringing together key stakeholders from the nation’s economic and financial sectors. Among those in attendance are the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, the Chairman of the Federal Inland Revenue Service (FIRS), Zacch Adedeji, the Group CEO…
The President of the Senate, Godswill Akpabio, on Tuesday, said the lawmakers will receive the report on the ₦54.2 trillion 2025 budget estimates this week for possible passage. During plenary, Akpabio assured that the Senate Committee on Appropriations would present the report on the ₦54.2tn 2025 budget by Wednesday or Thursday. He made this statement…
The President of the Senate, Godswill Akpabio, on Tuesday expressed satisfaction with the just-concluded budget defence sessions, commending lawmakers for their dedication in scrutinising the 2025 budget to ensure a workable financial plan for the year. The Senate President made the comment when he presided over the resumption of plenary after a two-week break. In…
The Chairman of the Senate Committee on Appropriations, Adeola Olamilekan, has affirmed January 31, 2025, as a provisional date for the passage of the 2025 ₦49.7tn budget as the committee prepares to begin budget defence on Tuesday. He made this disclosure on Monday during a meeting with the chairmen of relevant committees on the template…
The Senate has confirmed President Bola Tinubu’s appointment of Lt. General Olufemi Oluyede as the substantive Chief of Army Staff. The confirmation, announced on Tuesday, followed the review of a report submitted by the Senate Committee on Army, led by Senator Abdulaziz Yar’Adua (APC, Katsina Central), during plenary. Presenting the report, Yar’Adua noted that the…
The Senate has passed the 2024 – 2026 Medium-Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) for implementation by the Federal Government. The passage followed the presentation of a report by the chairman of the Joint Committees on Finance and National Planning & Economic Affairs presented by Sen. Musa, Mohammed Sani (Niger East). The…
The Senate has approved the 2025–2027 Medium Term Expenditure Framework, MTEF and Fiscal Strategy Paper, FSP earlier submitted by President Bola Tinubu ahead of his presentation of the 2025 Appropriation Bill to the Joint session of the National Assembly this week. In the three years projections, the Upper Chamber pegged the exchange rate at N1,400/$…
The Senate on Thursday passed the four tax bills for second reading through voice votes. On October 3, President Tinubu Bola forwarded the four tax reform legislation to the National Assembly for review. Governors from the North and other interested parties opposed the tax reforms, which led to controversy. The Presidency expressed concern over the…
After briefings with President Bola Tinubu, the Senate has called for a national summit to address the issue of out-of-school children. This resolution was adopted during plenary following the submission of the Committee on Education (Basic & Secondary) report on the urgent need to address the issue of out-of-school children in Nigeria. According to the committee’s…
The National Assembly, according to the Senate, will make sure that every kobo spent in the N28.7 trillion 2024 Renewed Hope budget is tracked down. This was disclosed by Senate Spokesperson Yemi Adaramodu (APC, Ekiti-South) during her discussion on the monitoring and execution of the 2024 budget. The National Assembly’s N28.7tn appropriations bill was signed into…
