Home Topics Committee on Finance

Committee on Finance

The Senate President, Ahmad Lawan, has said that for appreciable development to take place in the country, more women must be regarded and enlisted to take up more spaces in governance.

Senate refers President Buhari’s request to confirm new service chiefs, others to committee

The Senate on Wednesday referred President Muhammadu Buhari’s request for the confirmation of the newly appointed Chief of Defence Staff and Service Chiefs to its Joint Committee on Defence, Army, Airforce and Navy for screening.
Kola Ologbondiyan

PDP expresses concern over $1.2 billion loan from Brazil

The Peoples Democratic Party (PDP) has expressed concern over fresh plans by the Federal Government to secure an additional US$1.2 billion loan from the Brazilian Government.
The minister of Finance, Budget and National Planning Mrs Zainab Ahmed disclosed this on Tuesday during her maiden meeting with top officials of the two merged ministries at the headquarters of Budget and National Planning in Abuja.

Nigerian government seeks National Assembly approval for $1.2 billion agriculture loan

The Federal Government is seeking the approval of $1.2 billion loan from the National Assembly to address issues in the agriculture value chain, finance minister Zainab Ahmed said on Tuesday in Abuja at the ministry’s budget defence.
Ahmad said the Executive Chairman of FIRS, Muhammad Nami, disclosed this at the inauguration of the Inter-Ministerial Committee on Audit and Recovery of Back Years Stamp Duties and the unveiling of the FIRS Adhesive Stamp in Abuja.

FIRS generates N3 billion from stamp duty weekly – chief

The Federal Inland Revenue Service (FIRS) generates about N3 billion from stamp duty weekly.
The Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed on Saturday met with the leadership of the National Assembly to intimate it with an Executive proposal to establish a N500 billion COVID-19 Crisis Intervention Fund.

Senate invites finance, works ministers, others over road projects

The Senate committee on finance has invited the Minister of Finance, Zainab Ahmed, over the funding status of three federal government legacy road projects estimated to cost N2.7 trillion.
The House of Representatives is calling for the postponement of the National Sports Festival scheduled to hold next week in Edo State.

House of Reps give seven days for MDAs, TELCOs to appear before it

The House of Representatives has giving seven days ultimatum to all heads of Ministries Departments and Agencies of the Federal Government, as well telecommunication companies yet to honour its summons to appear before its Committee on Finance or risk arrest.
Olufemi Gbajabiamila

Revenue loss: House of Reps threaten telco chiefs with arrest

The House of Representatives has given the Chief Executive Officers of telecommunications service providers a seven-day ultimatum to appear before its Committee on Finance.
The Speaker of the House of Representatives, Rep. Femi Gbajabiamila (APC-Lagos), has announced the demise of a former member of the house, Rep. Tony Okey. 5

Forex racketeering: House of Reps probe CBN, FIRS, others over $30 billion leakages

The House of Representatives has resolved to investigate the Central Bank of Nigeria and the Federal Inland Revenue Service over alleged racketeering in the allocation of foreign exchange to companies.

Senator Adeola appointed APC NEC member

Sen. Solomon Adeola, the chairman of the Senate Committee on Finance has been appointed into the National Executive Committee (NEC) of the All Progressives Congress, APC.
The House of Representatives Committee on Finance has asked the Centre for Management Development (CMD) to remit N542 million to federal government within 21 days .

House of Reps orders Centre to remit N542 million within 21 days

The House of Representatives Committee on Finance has asked the Centre for Management Development (CMD) to remit N542 million to federal government within 21 days .

Rep: NIGCOMSAT chief too incompetent to run agency

The House of Representatives Monday dismissed as grossly incompetent, the management of the Nigerian Communications Satellite, NIGCOMSAT, Ltd, over their failure to account for revenues generated by the agency from 2012-2019.

Debts from 19 states delay NECO remittances to federal government

The National Examination Council (NECO) Wednesday disclosed that the debt owed it by 19 states has affected its remittances to the Federation Account.
Retired Col. Hameed Ali, Comptroller-General of Nigeria Customs Service (NCS), on Thursday said the closure of Nigeria’s borders by Federal Government was undertaken to strengthen the nation’s security and protect its economic interests.

House of Reps applauds Customs’ enviable IGR performances

The House of Representatives Committee on Finance on Thursday, commended the Nigerian Customs Service (NCS), over the enviable performances it has continued to record in its Internally Generated Revenue (IGR) since the year 2015.
The Senate on Wednesday confirmed the nomination of Muhammad Nami as the Executive Chairman, Federal Inland Revenue Services and 13 others as board members.

Senate confirms Muhammad Nami, 13 others as FIRS board members

The Senate on Wednesday confirmed the nomination of Muhammad Nami as the Executive Chairman, Federal Inland Revenue Services and 13 others as board members.
Senate President Ahmed Lawan 1

Senate seeks legal backing for constituency projects in national budget

The Senate on Wednesday sought to provide legal backing to the provision of Constituency Projects in Nigeria’s annual budget by a minimum of 20 per cent.
Senate President Ahmed Lawan 2

Senate seeks legal backing for constituency projects in national budget

The Senate on Wednesday sought to provide legal backing to the provision of Constituency Projects in Nigeria’s annual budget by a minimum of twenty percent.
Senate President Ahmed Lawan 2

Senate mandates committee to investigate issues on foreign vessels

The Senate on Wednesday at the plenary mandated its Committee on Local Content to investigate reasons for the dominance of foreign vessels above locally owned and registered vessels in the domestic carriage of petroleum products within coastal inland waterways of Nigeria.
President of the Senate, Ahmad Ibrahim Lawan (left) with the Senate Minority Whip, Senator Philip Tanimu Aduda, during the plenary on Tuesday, November 19, 2019. 2

Senate begins confirmation process of new FIRS chairman, board members

The Senate on Wednesday began the confirmation process of Mohammad Mamman Nami as the Chairman, Federal Inland Revenue Service, FIRS.
The Lagos House of Assembly on Friday granted approval for Governor Babajide Sanwo-Olu to access a loan of N250 billion for capital projects in the state.

Lagos assembly approves N250 billion loan for capital projects

The Lagos House of Assembly on Friday granted approval for Governor Babajide Sanwo-Olu to access a loan of N250 billion for capital projects in the state.
Nigeria’s Senate on Thursday passed the Finance Bill for the third time.

Senate approves 7.5% VAT increase

The Senate passed the 56 amendments on the 2019 Finance Bill but some senators kicked against the increase in VAT during the presentation and consideration of the report of the Senate Committee on Finance.
national assembly abuja

Senate panel rejects central bank team at investigative hearing

The Senate Committee on Finance on Monday prevented the representatives of the Central Bank of Nigeria Governor, Godwin Emefiele, from addressing it on the issue of exchange rates for funding key projects.

Senate summons central bank chief over exchange rates for infrastructure projects

The Senate Committee on Finance has summoned the Governor of Central Bank of Nigeria, Godwin Emefiele, to appear before it on Monday.

Recent Stories

Ex-VP Namadi Sambo advocates shift in Nigerian educational system

Former Vice President Namadi Sambo has advocated for a dynamic approach of the Nigerian educational system to produce employees with skills and ability to handle complex jobs and create opportunities for others.
The National Agency for Food and Drug Administration and Control (NAFDAC) says it has not approved any drug or vaccine for the treatment of COVID-19.

NAFDAC busts alleged illegal maize flour production facility in Yobe

The National Agency for Food and Drug Administration and Control (NAFDAC) says it has busted an alleged illegal maize flour production outfit in Potiskum town of Yobe.
Osun Governor Adegboyega Oyetola

Osun governor condemns ethnic colouration in fight against terrorism

Governor Gboyega Oyetola of Osun State has condemned the ethnic coloration in which the fight against terrorism and insurgency is taking in Nigeria.
Nobel laureate, Prof. Wọlé Soyinka, has warned that the conflict between Fulani herdsmen and farmers in different states of the federation can degenerate into civil war if the federal government fails to properly handle it.

Wole Soyinka to Nigerians: Don’t accept child hostage taking as a way of life

Following the Friday abduction of over 300 school children in Jangebe in Zamfara State, Nobel laureate, Prof. Wole Soyinka, on Saturday warned Nigerians against accepting kidnapping of school children in parts of the north as a way of life.
A former Chief of the Air Staff (CAS), Air Chief Marshall Nsikak Eduok, is dead.

Former NAF chief Nsikak Eduok laid to rest in Akwa Ibom

It was a harvest of tributes for a former Chief of Air Staff, late Air Marshall Nsikak Eduok as his remains were laid to rest in his hometown in Ibesikpo Asutan, Akwa Ibom state on Saturday.

Most Popular

House of Reps committee to investigate foreign affairs ministry, calls for public support

The House of Representatives, has called for evidence from the public, to enable it carry out an extensive investigation into alleged malpractices in the Ministry of Foreign Affairs.
Okezie Ikpeazu

Abia government reacts to attack on police station, places N1 million bounty on information...

Abia State Government has reacted to yesterday’s attack on Abayi police station in which two policemen were killed and arms carted away by gunmen.
A journalist and a police officer take pictures of each other as people protest against the military coup in Yangon, Myanmar February 23, 2021. REUTERS-Stringer

Myanmar: The revolution will be Facebook-lived

When he heard soldiers had taken power in Myanmar again, Thar Lon Zaung Htet hurried to the office of his news agency in Yangon, grabbed a few essentials and carefully locked up.
The move, according to the state’s Commissioner for Information, Muhammad Garba, is part of efforts to create an integrated transport system for Kano as emerging megacity.

Kano set to design metro transport master plan

The Kano state Executive Council has approved the constitution of a committee, to design a Strategic Metropolitan Transport Master Plan, in order to regulate the transport system in the metropolis.
Embattled President of African Development Bank (AfDB), Dr Akinwumi Adesina, has survived a second round of investigation into his conduct, giving him a boost in his re-election bid next month.

AfDB chief: Nigerian system not federalism but fatherism

The President of the African Development Bank Group, Dr Akinwumi Adesina, has lamented that the Nigerian system is not federalism but “fatherism”.