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Senate Passes N10.59trn Budget For 2020 In Record Time

The Senate on Thursday made history with the passage of N10.59trn budget for the year 2020 in keeping with its major legislative agenda of returning the country’s budget cycle to a more predictable one as well as stabilizing the economy. The passage of the annual 2020 budget before the end of the 2019 fiscal year by the upper chamber signals the country’s return to a January – December budget cycle after decades of its disruption. The 2020 Appropriation Bill was passed into law after a clause by clause consideration of…

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Senate Condemns Boki Killings, Urges FG To Implement Disabilities Persons Act

The Senate, on Wednesday, condemned the incessant spate of killings as a result of militancy, cult activities, boundary disputes and kidnappings in Boki Local Government Area of Cross River State. The Upper Legislative Chamber urged the Inspector-General of Police to ensure better security of lives and properties in the area. These formed part of resolutions reached by the Senate sequel to the consideration of a motion sponsored by Senator Sandy Onor (PDP, Cross River Central). Onor, in his motion, lamented that “Boki Local Government Area has been plagued by incessant…

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Senate To Pass 2020 Budget Thursday, Okays Public Procurement Amendment Bills

The Senate on Wednesday passed the Public Procurement Act 2007 amendment bills before the National Assembly. This was even as the President of the Senate, Ahmad Ibrahim Lawan, announced that the 2020 Appropriation bill before the National Assembly will be passed on Thursday, December 5, 2019. The passage of the Public Procurement bills by the upper chamber was sequel to presentation and consideration of the report of the Senate Committee on Public Procurement. The three amendment bills are sponsored by Senators Shuaibu Isah (PDP, Taraba North); Uche Ekwunife (PDP, Anambra…

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Senate President Mourns Death Of Lawmaker Illiyasu Auna

President of the Senate, Ahmad Lawan, has expressed shock and sadness over the sudden death of a member of the House of Representatives, Hon. Jafaru Illiyasu Auna. Hon. Jafaru, who represented Rijau/Magama Federal Constituency of Niger State in the ninth National Assembly, died on Monday morning at an Abuja Hospital after a brief illness. Lawan commiserated with the family of the deceased lawmaker and the government and people of Niger State and pray Almighty Allah to give them the fortitude to bear the irreparable loss. The Senate President also condoled…

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SERAP Sues FG Over Failed Chinese $460m Abuja CCTV Project

Socio-Economic Rights and Accountability Project (SERAP) has filed a lawsuit against Mrs Zainab Ahmed, Minister of Finance, Budget and National Planning over failure to “disclose information and specific documents on the total amount of money paid to contractors from the $460 million loan obtained in 2010 from China to fund the apparently failed Abuja Closed-Circuit Television (CCTV) project, and failure to name the contractors involved and explain why the government has continued to re-pay the loan.”   In the suit number FHC/ABJ/CS/1447/2019 filed last week at the Federal High Court, Abuja, SERAP…

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Senate Receives Buhari’s External Borrowing Plan Rejected By Saraki

…….Request For Approval Of 2016 – 2018 Projects The Senate on Thursday received a request from President Muhammadu Buhari for the approval of the Federal Government’s 2016 – 2018 borrowing plan. The letter, which was dated November 26, 2019, was read on the floor by the President of the Senate, Ahmad Lawan, during plenary. President Buhari, in the letter, said the Eighth National Assembly approved only a part of the External Borrowing request forwarded to it in September 2016. This, according to him, stalled the Federal Government’s implementation of critical…

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Senate Invites NNPC, LNG Over Brass Project, Wants Ibadan Airport Upgraded

The Senate on Tuesday invited the management of the Nigerian National Petroleum Corporation (NNPC) and the Brass LNG to brief the Committee on Gas on the extent of implementation of the LNG project in Brass Island, Bayelsa State. The decision was reached sequel to the consideration of a motion sponsored by Senator Biobarakuma Degi-Eremienyo (APC, Bayelsa East). The upper chamber, in its resolutions, also urged the Federal Government to create an enabling environment for reputable oil and gas companies to take over seventeen percent shares each previously owned by Conoco…

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Senate Receives Buhari’s Request For Passage Of NDDC Budget

………Wants confirmed board members sworn-in The Senate on Tuesday received a formal request from President Muhammadu Buhari for the consideration and passage of the 2019/2020 budget estimates for the Nigerian Delta Development Commission (NDDC). The request was contained in a letter addressed to the President of the Senate, Ahmad Lawan, and read on the floor during plenary. The letter reads: “Pursuant to Section 18(1) of the Nigerian Delta Development Commission Establishment Act, I forward herewith 2019/2020 budget estimates of the Niger Delta Development Commission for the kind consideration and passage…

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Court Affirms SERAP’s Right To Sue Buhari, NASS, Others Over Security Votes Spending

A Federal High Court sitting in Abuja yesterday granted leave to the Socio-Economic Rights and Accountability Project (SERAP) in a suit against President Muhammadu Buhari, Senate President Ahmed Lawan, and Speaker of the House of Representatives, Femi Gbajabiamila “over the failure to disclose details of allocations, disbursement and spending of an estimated N241.2bn yearly as security votes between 1999 and 2019.” Others joined as parties in the suit are: Mr Godwin Emefiele, Governor of the Central Bank of Nigeria (CBN), Mr Ahmed Idris, Accountant General of the Federation and Mr Anthony…

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Business Slider 

Senate Approves VAT Increase, Passes Finance Bill

The Senate has passed the Finance Bill made up of 56 amendments from 7 different Acts. Chairman Senate Committee on Finance, Senator Solomon Adeola, who made this known at a news conference after plenary in Abuja, said the amended Acts are: Companies Income Tax Act and Value Added Tax (VAT) Act. Others are the Petroleum Profit Tax Act (PPTA), Personal Income Tax Act, Capital Gains Tax Act (CGTA), Customs and Excise Duty, and Stamp Duty. According to him, 26 amendments were sought from Company Income Tax, 8 from Personal Income…

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