The National Assembly will resume plenary today, with plans to expedite action towards passage of the tax reform bills, according to Daily Trust. Following its first sitting of 2025 on 14 January, both chambers adjourned until 28 January, to allow various committees to conclude work on the defence of the 2025 Appropriation Bill presented to the parliament by President Bola …

A National Assembly panel has tackled Ministries, Departments and Agencies (MDAs), and government-owned enterprises over “poor” revenue remittances to the federal government in 2024. Chairman of the Senate Committee on Finance, Senator Sani Musa, and his House of Representatives’ counterpart, Hon. James Faleke, voiced their concerns at an interactive session with some MDAs on Monday. The MDAs include the Nigeria …

The Socio-Economic Rights and Accountability Project (SERAP) has called on the Senate President, Godswill Akpabio, and the Speaker of the House of Representatives, Tajudeen Abbas, to slash proposed budgets for the Presidency and the National Assembly. The organisation argued that the funds, amounting to N9.4 billion for the Presidency’s travel, meals, and catering expenses, and N344.85 billion for lawmakers, could …

The Federal Government’s statutory allocations to the National Assembly (NASS) and the National Judicial Council (NJC) in 2024 hit a total sum of N564 billion in October, findings by Saturday PUNCH have revealed. In February, the House of Representatives pushed for five per cent of the country’s yearly budget to be allocated to the federal legislature and judiciary. The Green …

The Chairman, Senate Committee on Ecology and Climate Change, Seriake Dickson (PDP, Bayelsa West), has said the National Assembly will pass the tax reform bills despite opposition from different quarters. In an interview with newsmen in Abuja on Monday, Dickson said the bills would be passed like the Petroleum Industry Bill (PIB), stressing that heavens would not fall when the …

The National Assembly, on Monday, questioned President Bola Tinubu’s request for loan requests as some revenue-generating agencies of the Federal Government disclosed that they had already surpassed their budgetary revenue target for 2024. The Chairman of the Federal Inland Revenue Service, Zacch Adedeji, said the Federal Government generated N1.5 trillion in education tax, a substantial amount above it N70 billion …

Members of the National Assembly are currently divided over the controversial Tax Reform Bills introduced by the Bola Tinubu administration. On 3 September, the President transmitted four tax reform bills to the National Assembly for consideration. The reforms stemmed from the recommendations of the Presidential Committee on Fiscal and Tax Reforms headed by Taiwo Oyedele, for the review of existing …

The Federal Government has proposed N341 billion for emergency repairs of roads and bridges nationwide. The Minister of Works, Senator Dave Umahi, disclosed this while updating members of the National Assembly Joint Committee on Works on the repair status of the Third Mainland and Carter bridges on Saturday. The minister and the legislators were on a tour of the Third …

Renowned economist, Prof Pat Utomi, has claimed that the nation is presently a failure, made worse by the lack of alternative thinking to turn things around. According to Utomi, the lack of alternative thinking was worsened by a total capture of the legislature and the judiciary, as he described the present National Assembly as the worst thing that happened to …

A new bill has been proposed in Nigeria that will require individuals engaged in banking, insurance, stock-broking, or other financial services to provide a Tax Identification Number as a precondition for opening a new account or operating an existing one. According to the bill, titled “A Bill for an Act to Provide for the Assessment, Collection of, and Accounting for …