The National Assembly has passed the 2025 Appropriation Bill, approving a total budget of ₦54.99 trillion to fund government activities for the fiscal year. The budget, titled A Bill for an Act to Authorize the Issue from the Consolidated Revenue Fund of the Federation, was approved following extensive deliberations on its allocations and potential…
The presentation of the 2025 budget to the National Assembly by President Bola Ahmed Tinubu started off on a dramatic note on Wednesday. This followed a gaffe in which the President referred to the National Assembly as the 11th National Assembly. However, the lawmakers had corrected the President by shouting 10th Assembly back at him….
In an effort to combat drug-related crimes, the National Assembly has amended the National Drug Law Enforcement Agency (NDLEA) Act, imposing life imprisonment for drug offenders and traffickers. This follows the Senate and House of Representatives’ adoption of the harmonised report on the amendment. Senator Tahir Monguno, Chairman of the Senate Conference Committee, presented the…
The national assembly is considering a bill proposing an increase in the value-added tax (VAT) from 7.5 percent to 10 percent. VAT refers to a consumption tax on goods and services levied at each stage of the supply chain where value is added. In the executive bill, the national assembly is seeking to raise the…
The National Assembly has passed the Police Act Amendment Bill, which allows the Inspector General of Police (IGP) to complete their four-year tenure. President Bola Tinubu forwarded the Bill to the House of Representatives and Senate on Tuesday to amend the tenure of the IGP. The Bill aims to revolutionize police operations by enhancing accountability,…
Nigeria’s President Bola Tinubu is expected to present the 2024 Supplementary Budget to the National Assembly soon In a speech to mark the Silver Jubilee Of Nigeria’s 4th Republic, Tinubu said , “I submitted the last budget to you and you expeditiously passed it. We are walking the talk. I will soon bring the Year…
The Abuja Electricity Distribution Plc (AEDC) has said that the Clerk to the National Assembly, Ojo Olatunde Amos, the Nigeria Police Force, the Economic and Financial Crimes Commission (EFCC) and the Department of State Services (DSS), also known as State Security Services (SSS), owe a total of N3,416,204,222 in electricity bill. The AEDC said this…
The Senate and the House of Representatives, on Thursday, passed the N2.17trn 2023 Supplementary Appropriation Bill after third reading. Before the passage of the bill, the Senate adopted the report of the harmonized sittings of both red and green chambers on the 2023 Supplementary Appropriation Bill as submitted by Chairman of the Appropriations Committee, Senator…
