Committee on Finance

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

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.

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.

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.

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.

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.

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.

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

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

Academic Staff Union of Universities (ASUU) has given reasons why it rejected the plan by the Federal Government to enrol university workers into the Integrated Payroll and Personnel Information System (IPPIS).

The Federal Government has told the Academic Staff Union of Universities that it cannot oppose its decision on the Integrated Payroll and Personnel Information System.

The Senate Committee on Finance is to invite the Minister of Finance, Zainab Ahmed, and the Chairman of the Federal Inland Revenue Service (FIRS), Babatunde Fowler to throw more light on the reasons for the proposed increase of Value Added Tax (VAT) from current 5 per cent to 7.2 per cent.

A notice by Minister of Budget and National Planning, Senator Udoma Udo Udoma and Executive Chairman of Federal Inland Revenue Service (FIRS) Mr. Babatunde Fowler of government’s intention to raise the rate of value added tax (VAT) before the end of 2019 is presently causing ripples among various categories of Nigerians.