Tuesday, July 23, 2019

Tag "national assembly"

    Our next focus is to ensure legislators reduce allowances, say BudgIT, EiE

Our next focus is to ensure legislators reduce allowances, say BudgIT, EiE

BudgIT and Enough is Enough – two organisations that mounted pressure on the national assembly to release its budget details – say they will now work to ensure that lawmakers reduce their allowances and salaries.The national assembly released a breakdown of its budget last Thursday, ending the eight-year non-disclosure of the legislature budget.In a statement issued on Sunday, the civic [...]

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    APC: Saraki, Dogara broke tradition of secrecy in national assembly

APC: Saraki, Dogara broke tradition of secrecy in national assembly

The All Progressives Congress (APC) has commended Senate President Bukola Saraki and Yakubu Dogara, speaker of the house of representatives, for disclosing the budget details of the national assembly.The budget of the legislature had been a guarded secret until Thursday when a breakdown of the 2017 national assembly budget was released.In a statement issued on Friday, Bolaji Abdullahi, APC spokesman, [...]

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    Second Abuja airport runway in 2017 budget, says senate leader

Second Abuja airport runway in 2017 budget, says senate leader

Ahmed Lawan, senate leader, has disclosed that the national assembly earmarked funds for the construction of a second Abuja airport runway in the 2017 budget.Lawan told state house correspondents on Friday that the project and some other projects were covered from the difference in the $42.5 oil bench mark proposed by the executive and the $44.5 passed by the legislature.He [...]

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    N125bn budget inadequate, we need more money, says rep

N125bn budget inadequate, we need more money, says rep

Nicholas Ossai, a member of the house of representatives, says the N125 billion appropriated to the national assembly in the 2017 budget is inadequate.In an interview with NAN, Ossai, a member of the Peoples Democratic Party (PDP) from Delta state, said the legislature requires more money to carry out its function effectively.The national assembly had passed the 2017 appropriation bill [...]

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    ‘2017 budget will stimulate economic growth’

‘2017 budget will stimulate economic growth’

The 2017 appropriation bill passed by the national assembly will stimulate economic growth and pull the country out of recession, Abubakar Amuda-Kannike, a member of the house of representatives, has said.Amuda-Kannike of the All Progressives Congress (APC), Oyo state, said this on Friday in an interview with NAN.The national assembly had passed the 2017 appropriation bill of N7.44 trillion on [...]

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    N’assembly earmarks N6.4bn for cars after splashing billions on them in 2016

N’assembly earmarks N6.4bn for cars after splashing billions on them in 2016

The national assembly on Thursday disclosed the details of its 2017 budget. This was after eight years of keeping it a guarded secret.The total budget for the legislature this year is N125bn. This is N10bn higher than that of last year – of which details were not disclosed.While the senate will splash N2.6bn on automobiles, the house will do the [...]

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    Fresh N10bn for national assembly — lawmakers inflate 2017 budget

Fresh N10bn for national assembly — lawmakers inflate 2017 budget

The national assembly has finally passed the 2017 budget, nearly six months after it was presented by President Muhammadu Buhari in December 2016.In the process of scrutinising the budget from presentation to passage, the national assembly committees added as much as N143 billion to the initial N7.28 trillion presented by the president.TheCable is comparing what was presented and what was [...]

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    Finally, national assembly releases details of its budget

Finally, national assembly releases details of its budget

The national assembly has released details of its budget for 2017, which totals N125 billion.The budget is N10 billion above the amount proposed by President Muhammadu Buhari in December.According to the breakdown of the budget, the management of the national assembly has N6.7 billion for personnel cost, N6.2 billion for overhead costs and N2 billion for capital.The total money voted to [...]

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    Did PMB just downgrade Osinbajo from ‘acting president’ to ‘coordinating president’?

Did PMB just downgrade Osinbajo from ‘acting president’ to ‘coordinating president’?

There seems to be ambiguity in President Muhammadu Buhari’s recent letter of “transfer of power” sent to the national assembly.Back in January when he left the country for medical treatment in the UK, he stated clearly in a letter to the legislature that Vice-President Yemi Osinbajo would “perform the duties” of his office while he was away.“In compliance with section [...]

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    Saraki’s aide vows to resign if n’assembly budget is not released

Saraki’s aide vows to resign if n’assembly budget is not released

Bamikole Omishore, special assistant to Senate President Bukola Saraki, has vowed to quit his job if a breakdown of the national assembly budget is not released.Omishore said this in a tweet on Friday.https://twitter.com/MrBanksOmishore/status/858022648584040449https://twitter.com/MrBanksOmishore/status/858025154391273477Saraki had pledged seven times to release a breakdown of the national assembly budget, but he failed to fulfill his promise.The budget of the legislature is opaque, despite [...]

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    A presidency at war with everybody

A presidency at war with everybody

I think one of the reasons the Muhammadu Buhari administration currently seems overwhelmed and isolated is because the honcho and those close to him bought the hype that he was the only man that could change Nigeria.There is no doubt that a man, especially one widely touted to be of exemplary disposition can lead a revolution to change the lives [...]

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    Buhari writes n’assembly, seeks approval to borrow $5.851bn for railway

Buhari writes n’assembly, seeks approval to borrow $5.851bn for railway

President Muhammadu Buhari has sought the approval of the national assembly to borrow $5.851 billion for the upgrade of various sections of the Nigerian railway.In a letter which Senate President Bukola Saraki and Yakubu Dogara, speaker of the house of representatives, read on Wednesday, Buhari pleaded with the lawmakers to endorse the loan on time in order to make the [...]

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    Rep blames Obasanjo for negative image of national assembly

Rep blames Obasanjo for negative image of national assembly

Zakari Mohammed, a lawmaker representing Baruten/Kaiama constituency, says former president Olusegun Obasanjo is to blame for the negative perception Nigerians have of federal lawmakers.He said despite the general belief, members of the national assembly are not the highest paid political office holders in Nigeria."The public perception of the National Assembly is in sharp contrast to the reality on the ground [...]

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    Protesters storm n’assembly over Ndume’s suspension

Protesters storm n’assembly over Ndume’s suspension

Supporters of senator Ali Ndume have barricaded the entrance of the national assembly in protest of his suspension from the senate.Ndume represents Borno south constituency.Over 200 persons, carrying placards and banners, on Tuesday morning stormed the national assembly complex to demand Ndume's reinstatement.One banner read: "Southern Borno has been suspended from Nigeria's political space."Security operatives were forced to lock the gates [...]

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    Dino Melaye: The making of a brand

Dino Melaye: The making of a brand

It is a sign of the times, and a tragedy that the most popular senator in the Nigerian national assembly at this moment is not the person who has moved the most impactful motion, not a lawmaker who has proposed a thought-provoking bill, and certainly not any senator who has given any impressive speech debating a matter of national importance. [...]

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    FG sets up committee to resolve faceoff with senate

FG sets up committee to resolve faceoff with senate

The federal government has set up a committee to resolve the issues between it and the senate.Lai Mohammed, minister of information and culture, disclosed this on Wednesday.Mohammed said the executive was concerned that the relationship between the two arms of government is not as smooth as it should be.The minister said the issue was discussed at the federal executive council [...]

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Exchange Rates

July 22, 2019USDGBPEUR
INTERBANK306397354
LAGOS362475413
KANO361474413
PH361475412
ABUJA362476413
NOTE: The black market rates represent the most prevalent. They could be slightly higher or lower among different sellers.
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