[su_dropcap]T[/su_dropcap]HE Senate and the House of Representatives on Wednesday passed the 2016 budget of N6.060tn at separate sessions held in their respective chambers. This showed a reduction of about N17bn from the adjusted figure of N6.077tn, which President Muhammadu Buhari presented to the National Assembly, Punchng report. The 2016 Appropriation Bill passed third reading in both […]
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AFTER weeks of delay, both chambers of the National Assembly received a report on the 2016 budget on Tuesday from the Senate and the House of Representatives Joint Committee on Appropriation, Punchng report. The report retained the corrected total budget figure of N6.07tn as presented to the National Assembly by President Muhammadu Buhari. There were strong […]
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THE Minister of Power, Works and Housing, Babatunde Fashola, yesterday urged the Senate Committee on Works not to change the ministry’s plans as presented in the 2016 budget proposals. He spoke when he led a delegation to continue its budget defence. The minister, in his presentation of the main thrust of the Medium Term Sector […]
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SENATE and the House of Representatives on Saturday said they would go ahead with the purchase of exotics for its members. Members of both chambers of the National Assembly, who spoke to our correspondent separately, stated that lawmakers needed the vehicles to function efficiently. The Senate plans to procure cars worth about N4.7bn, the House […]
Read More NIGERIA National Assembly is expected to pass the 2016 Appropriation Bill on February 25. The House of Representatives also said on Wednesday that the N6.07tn proposed by the executive as the total size of the budget would be retained and passed. According to Punchng, The Chairman, House Committee on Appropriation, Mr. Abdulmumin Jibrin, said in […]
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THE Minister of Power, Works and Housing, Mr. Babatunde Fashola, on Tuesday justified the 45 per cent increment in electricity tariff, which took effect on Monday, stressing that the action remained the only way to enhance stable power supply in the country. Fashola, who stated this when he appeared before the Senate Committee on Power, […]
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CHAIRMAN, Senate Committee on Federal Capital Territory, Senator Dino Melaye, on Thursday alleged that it was former President Olusegun Obasanjo that exposed the federal lawmakers to corruption during his tenure. Melaye, in a statement issued in Abuja as a response to Obasanjo’s latest letter to the federal parliamentarians, also accused the retired General of misplacing […]
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THE National Assembly has assured Nigerians that it will assist the Niger Delta Development Commission to recover all monies owed the interventionist agency. The Chairman, Senate Committee on Niger Delta, Senator Peter Nwaoboshi, made the pledge on Tuesday during a meeting in Abuja between his committee and the management of the NDDC, led by its […]
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Members of the Senate and the House of Representatives are in a quandary over the crude oil benchmark to recommend for the 2016 budget, The Punch. The N6.07tn budget has had two days of debate on the general principles so far and will likely be referred to the committee stage on conclusion of the second […]
Read More Some members of the Senate who contributed to the debate on the 2016 budget in the red chamber on Wednesday expressed doubt over the ability of the President Muhammadu Buhari administration to implement the fiscal document based on the current economic realities. Some of the senators in their contributions maintained that unless there was a […]
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