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“Buhari’s Budget Is Senseless, We Will Re-Do The Whole Thing” – Nigerian Senate

Senators yesterday criticized the N10.33 trillion 2020 budget presented by President Muhammadu Buhari for lacking the capacity to boost growth, declaring they would “take over” and “redirect” the economy. ⁣ ⁣ Leading the debate, Senate Majority Leader Yahaya Abdullahi said: “The Capital Budget to GDP Ratio is rather too small, (about two percent of GDP).” According to... Continue Reading →

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“Nigeria does not need 109 senators and 360 reps” – Rochas Okorocha Proposes One Senator Per State To Reduce Cost Of Governance

The senator representing Imo West Senatorial District at the National Assembly, ex-Governor Rochas Okorocha, has recommended one senator per state, instead of the current three from each state of the federation. He said this will reduce the cost of governance in general. Okorocha spoke during the Senate plenary on Thursday. “We must begin to make... Continue Reading →

Estimated Billing To Attract One Year Jail Term As Reps Pass Bill To Reform Power Sector

The House of Representatives on Thursday passed three bills sponsored by the Speaker, Femi Gbajabiamila, one of which seeks to criminalize the estimated billing of electricity consumers by distribution companies. When the proposed law is concurred with by the Senate and assented to by the President, it will become criminal for service providers to issue... Continue Reading →

Gbajabiamila Under Fire For Threatening To Report Service Chiefs To Buhari

The Speaker of the House of Representatives, Femi Gbajabiamila, has come under attack over his recent threat to report the service chiefs to President Muhammadu Buhari, for failing to honour an invitation to a meeting on security. Gbajabiamila gave the warning in Abuja on Wednesday when the management of the Bureau of Public Service Reforms... Continue Reading →

Suspend Cashless Policy – House Of Reps Orders CBN

The House of Representatives has asked the Central Bank of Nigeria to suspend the charges imposed on cash deposits in the implementation of its cashless policy. The suspension, according to the federal parliament, should remain until the apex had made due consultations with all relevant stakeholders. Call for the suspension was contained in a motion... Continue Reading →

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