Mr Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), is expected to brief the Senate on Thursday on technical aspects of the Petroleum Industry Bill (PIB) 2021. President of the Senate, Ahmad Lawan, disclosed this at Wednesday’s plenary. Lawan said the briefing was to educate senators on the technicalities and financial implications of certain provisions of the PIB. He said the briefing would take place behind closed doors and would last for about an hour. Lawan also said that Thursday’s plenary would be entirely devoted to the consideration of the report. “Before plenary tomorrow, the leadership of the Senate has decided to invite NNPC GMD to come and brief us in a closed session. “The opportunity is for those of us who are not members of the joint commi...
The Nigerian Senate has given its Committee on Foreign and Local Debts 14 days within which to process President Muhammadu Buhari’s request for a fresh ₦2.343 trillion ($6.183 billion) for approval. Senate President Ahmad Lawan gave the directive at the commencement of Tuesday’s plenary session shortly after the Senate Majority leader, Yahaya Abdullahi, drew the attention of the Senate to the pending request. The Senator Clifford Ordia-led Committee on Foreign and Local debt had approved a total of $28 billion so far. The current request will take the total loan approved to $35.683 billion. Buhari had urged the Senate to approve N2.3 trillion ($6.183 billion) external borrowing. He said the loan was to finance the 2021 budget deficit of N5.6 trillion. The President indicated that the loan ...
President Muhammadu Buhari has sought the approval of the Senate to borrow $6.18 billion external loan to finance this year’s N5.6 trillion budget deficit. The president’s request is contained in a letter addressed to the President of the Senate, Dr Ahmad Lawan, and read by Lawan at Tuesday’s plenary. President Buhari said the proposed loan, which is equivalent of N2.3 trillion, is to finance the 2021 budget deficit of N5.6 trillion. According to the president, sourcing the loan will enable the federal government to fund critical infrastructural projects in transportation, health and education, among other sectors. Get more stories like this on Twitter You Deserve to Make Money Even When you are looking for Dates Online. So we reimagined what a dating should be. It begins with giving you b...
Ahead of the May 1 Workers Day celebration, President of the Senate, Ahmad Lawan, on Friday, Senator urged organised labour to always look at the larger picture and consider higher national interest in their responses to government policies and actions. Lawan stated this on Friday, while commemorating this year’s workers day celebration coming up today (May 1). In a statement by his Special Adviser on Media, Ola Awoniyi, the Senate President assured workers that “the National Assembly believes in the well-being and welfare of the workers and will always provide legislative support for every effort to tackle their challenges and improve the work environment.” Recalling that the Nigerian workers across the generations have continued to drive economic productivity, nation-building and democra...
President Muhammadu Buhari has nominated Mr Kolawole Alabi for appointment as Executive Commissioner, Federal Competition and Consumer Protection Commission (FCCPC). This is contained in a letter dated April 26 and read by President of the Senate, Ahmad Lawan, at the plenary on Wednesday. “In accordance with the provision of Section 5(1) of the Federal Competition and Consumer Protection Commission Act, 2018. “I write to forward, for confirmation by the Senate of the Federal Republic of Nigeria, the appointment of Mr Kolawole Oladipupo Alabi as Executive Commissioner, Federal Competition and Consumer Protection Commission. “The nominee’s CV is attached herewith. “It is my hope that the Distinguished Senate will consider and confirm the appointment in the usual expeditious manner.”(NAN) Get...
The Senate Wednesday passed the Asset Management Corporation of Nigeria Amendment bill after considering the report of its Committee on Banking, Insurance, and Other Financial Institutions. The amendment bill passed by the upper chamber empowers the Assets Management Corporation of Nigeria to, among others, take possession, manage or sell all properties traced to debtors, whether or not such assets or property is used as security/collateral for obtaining the loan in particular. It also empowers the corporation to access the Special Tribunal established by the BOFIA, 2020 for dealing with financial related matters. Presenting the report, Chairman of the Committee, Senator Uba Sani (APC, Kaduna Central) said the Committee engaged with stakeholders such as AMCON, Federal Ministry of Finance, ...
Senate President Ahmad Lawan has called for prayers for the leaders in government as they tackle the various challenges facing the nation. According to his Special Adviser on Media, Ola Awoniyi, Lawan made the appeal on Saturday at the launching of Pataskum Emirate Central Mosque Appeal Fund at Potiskum, Yobe State. The Senate President who announced a donation of N20 million to support the project said “every time leaders need prayers, particularly from the followership. “Our leaders, particularly our President, Muhammadu Buhari, may God grant him good health, God has given him the leadership of this country through you. “He is trying his possible best for you and we too that are part of his leadership, we are trying our best to ensure that things are okay for Nigeria. “I will therefore t...
The Senate has commenced moves to unbundle the Nigerian Postal Service with the consideration of a bill to repeal and re-enact the Nigerian Postal Service Act 2004. The bill which scaled second reading on Tuesday was sponsored by Senator Oluremi Tinubu (APC, Lagos Central). Leading the debate on the general principles of the bill, Tinubu said the piece of legislation seeks a reform of the Postal Industry and to make Comprehensive Provisions for the Development and Regulation of Postal Services in Nigeria. According to the lawmaker, the Nigerian Postal Service (NIPOST) which dates as far back as 1852, evolved from an exigency of the colonial administration to a Collection Office of the United Kingdom and eventually, to the NIPOST. She recalled that as at 1st of October, 1960, when Nigeria g...