In a strategic move to rework the nation’s obsolete tax policy, the Federal Inland Revenue Service (FIRS) and the National Assembly recently deliberated on policies and laws critical for revenue growth. Deliberations on the front burner included Interaction between Tax Policy, Legislation and Administration: Implications for Tax Revenue Collection amidst Nigeria’s Current Economic Challenges; The Path to Realizing FIRS Mandate, …

The National Assembly on Wednesday passed for second reading an Executive Bill seeking to tax the windfall made by banks from foreign exchange business. The bill is an amendment to the Finance Act of 2023. The one-time tax will be used to finance capital infrastructure development, education, healthcare and other welfare initiatives, according to the Federal Government. Another Executive Bill …

The National Assembly has thrown its weight behind NNPC Limited’s ongoing efforts to boost crude oil production and grow its reserves, saying it will consider stiffer consequences for crude oil thieves and vandals of the nation’s critical hydrocarbon infrastructure. According to a statement by the Chief Corporate Communications Officer NNPC Limited, Mr. Olufemi Soneye on Tuesday, after the National Assembly’s …

The National Assembly is set to introduce a bill that will impose the death penalty on individuals found guilty of vandalizing national assets. Former Minister of the Federal Capital Territory (FCT) and current Senator representing Kebbi State, Senator Adamu Aliero revealed this in a recent interview with journalists. The proposed bill aims to address the rampant vandalism of critical infrastructure, …

The Senate President, Godswill Akpabio, on Thursday, disclosed plans by the National Assembly to establish an ultra-modern medical centre for senators, members of the House of Representatives and staffers of the federal parliament. Akpabio made the disclosure in his address to welcome his colleagues back from the Eid-El-Kabir holidays. He said the planned hospital would be constructed in such a …

President Bola Tinubu says it is imperative for Nigerians to have a change of value system if the nation is to make progress. According to his Special Adviser on Media and Publicity, Chief Ajuri Ngelale, the President spoke in Lagos when he received a delegation from the National Assembly who came to felicitate with him on the occasion of Eid-el-Kabir …

The Special Adviser to the President on Media and Publicity, Chief Ajuri Ngelale has refuted the earlier statement from the Presidency that that President Bola Tinubu would address a joint sitting of the National Assembly on Wednesday to mark 25 years of democracy in Nigeria. This followed a statement on Tuesday by the Special Adviser on Information and Strategy, Mr. …

A new report by OrderPaper Nigeria has posited that the Bola Tinubu administration will exert the highest influence and impact on the National Assembly in the history of the country’s presidential democracy in a way that either strengthens the legislature or reinforces its widely perceived rubber stamp status. The report, which focuses on the transition of politicians ‘From the Legislature …

The Speaker of the House of Representatives, Tajudeen Abbas, on Sunday, urged the national leadership of the All Progressives Congress (APC) to ensure that the current members of the National Assembly (NASS) and state legislators retain their position in 2027. Abbas argued that lawmaking needs experience, hence, the need to ensure continuity. He called on the APC National Chairman, Abdullahi  …

Operatives of the Department of State Services (DSS) went on the rampage on Friday at the National Assembly Complex, Abuja as they manhandled two senior staff members, John Nnadi of the Senate Committee on Petroleum (Downstream) and Chris Odoh, a Deputy Director. Trouble started for the duo when the DSS personnel demanded their identification cards as they made their way …