By ARMSTRONG ALLAHMAGANI, Bauchi – The Coalition of Northern Groups has kicked against the planned increase of the Value Added Tax by the Federal Government as a way of revenue generation. They instead, called for a downward reduction of the VAT from the current 7.5% to 3% in view...
National Assembly
By DAVID IORJA, Abuja – President Bola Tinubu has commended the Nigeria Governors’ Forum (NGF) following their endorsement of the four Tax Reform Bills currently under consideration by the National Assembly. President Tinubu in a statement on Thursday by his media aide, Bayo Onanuga, lauded the governors for their...
The Nigeria Police Force (NPF) has called for the establishment of a Special Operations Account to fund emergency internal security operations. The Inspector-General of Police, Kayode Egbetokun, made the call on Thursday during the 2025 budget defence before the joint Committee on Police Affairs and Police Institutions. Egbetokun explained...
Senate President, Godswill Akpabio, has said the National Assembly will collaborate with the executive arm of government to deliver a realistic and implementable 2025 budget. Akpabio stated this at a retreat on the 2025 Appropriation Bill organised by the Senate Committee on Appropriations on Thursday in Abuja. He said...
The National Assembly Joint Committee on Finance has exonerated the Joint Admissions and Matriculation Board (JAMB), of alleged misappropriation of funds in its 2024 budget implementation. Chairman of the committee, Sen . Sani Musa in a statement on Thursday, said the board was erroneously accused of reckless spendings, given...
BY ANKELI EMMANUEL, Sokoto – The Academic Staff Union of Universities (ASUU), Sokoto Zone, has expressed concerns over the proposed Tax Reform Bill before the National Assembly, warning that the bill is a deliberate attempt to dismantle the Tertiary Education Trust Fund (TETfund), a vital source of funding for...
The National Assembly has lauded the Executive Chairman of the Federal Inland Revenue Service (FIRS), Mr Zacch Adedeji, for exceeding the 2024 revenue collection target of N19.4 trillion. FIRS generated N21.6 trillion, surpassing the target by N2.2 trillion. The commendation came during a meeting on Wednesday in Abuja, where...
By GRACE AUDU, Abuja – The Director, Senate Table Duties Department in the National Assembly, Dr. Christopher Vershima Ashiekaa, has challenged attempts by the National Assembly Service Commission (NASC), to retire him from service before his statutory exit date. The suit, which is before the Honourable Justice Osatohanmwen Ayodele...
National Assembly Joint Committee on Livestock Development has described as inadequate, the N11.8 billion budgetary estimate for the take-off of the newly established Federal Ministry of Livestock Development. The News Agency of Nigeria (NAN) reports that the ministry had been allocated an envelope of N10 billion for capital expenditure...
The Chairman National Drug Law Enforcement Agency (NDLEA), retired Brig. Gen. Buba Marwa has appealed for the continued support of the National Assembly (NASS) to enhance the capacity and capability of the agency to deliver on its mandate. Marwa made the appeal in Abuja when he led the management...
The Academic Staff Union of Universities (ASUU) has called on the National Assembly to reject any provision of the Nigeria Tax Bill 2024 that undermines Tertiary Education Trust Fund (TETFund)’s effectiveness and existence. The News Agency of Nigeria (NAN) reports that TETFund is a scheme established by the Federal...
By JOHN ONAH, Abuja – The Registrar of the Joint Admissions and Matriculation Board (JAMB), Professor Ishaq Oloyede has expressed concerns over the misrepresentation of figures in the 2025 budget proposal presented to the National Assembly Joint Committee on Finance on Monday. Fielding questions from newsmen at a sideline...
The Chief of Defence Staff (CDS), Gen. Christopher Musa, has said the military expects bountiful harvest as they commence the 2025 budget defence before the National Assembly. Musa said this at the Armed Forces Celebration and Remembrance Day 2025 Regimental and Award Night for Officers of the Armed Forces...
By MBAFAN ADE, Abuja – The exclusion of the North-Central from the 2025 budget of N2.4 trillion for regional commissions has sparked widespread outrage in the geo-political zone of the country. The 2025 budget, presented by President Bola Tinubu before a joint session of the National Assembly on December...
The National Assembly has set Jan. 31 as the tentative date for passage of the N49.7 trillion 2025 Appropriation Bill presented to its joint session by President Bola Tinubu on Dec. 18, 2024. Chairman of Senate Committee on Appropriations, Sen. Solomon Adeola, stated this on Monday in Abuja at...
President Bola Tinubu has said his administration is encouraged by the National Assembly’s support over the last 19 months and is determined to take Nigeria to the Promised Land. The President spoke on Wednesday while receiving Vice President Kashim Shettima, the leadership of the National Assembly, and former principal...
President Bola Tinubu said, in his maiden media chat on Monday, that the tax reforms bill before the National Assembly had come to stay. The President said his administration must retool the economy and that he had the capacity to focus on what the country needed. “We cannot continue...
Elder statesman, Chief Edwin Clark, has faulted the pushback by the 19 northern governors against the tax reform bills introduced by President Bola Tinubu. “As far as I am concerned, that tax bill must go on,” the nonagenarian said on the Sunday edition of Inside Sources with Laolu Akande,...
By Kingsley Okoye, News Agency of Nigeria (NAN) Since the recent introduction of four tax reform bills by the executive arm, the National Assembly has taken a significant step toward contributing significantly to the latter’s quest to revolutionalise the country’s tax system. Over the years, many tax experts, who have...
President Bola Tinubu on Wednesday assured Nigerians of better days ahead as economic reforms introduced by his government had started yielding positive results. The president said there had been noticeable signals of improved security, education, and health care, as well as a 3.46 per cent GDP growth in the...