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 …

A former Vice President, AlhajiAtiku Abubakar has written to the National Assembly, requesting an amendment to the Constitution to allow for a six-year single term for the President and state governors. In a memorandum to the Senate Committee on Constitutional Review, Atiku, who was the presidential candidate of the People Democratic Party in last year’s general election, also proposed that …

Despite being vocal on the floor of the Senate, former National Chairman of the ruling All Progressives Congress (APC), Senator Adams Oshiomhole is yet to sponsor a bill. Along with his colleagues, the former Edo State governor was sworn in in the red chamber of the National Assembly on 13 June 2023. He is a first timer in the Senate. …

Nigeria’s second arm of government, the Legislature, is in the eye of the storm again! Tongues keep wagging the National Assembly basically on two issues that keep recurring. The first has to do with its salaries, allowances, emoluments and perquisites, which many believe are out of this world and out of tune with realities. The second is how effectively and …