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Tag: House of Representatives

featured Policy and Regulations

Reps caucus probes alleged altered tax laws

The minority caucus of the House of Representatives has set up a seven-member committee to investigate allegations that the recently assented tax reform laws were altered after they were passed by the National Assembly. The committee is chaired by the lawmaker representing Ogbaru Federal Constituency of Anambra State, Afam Ogene, and has been mandated to […]

Finance

Why we repealed 2024, 2025 budgets — Reps spokesperson

The Deputy Spokesperson of the House of Representatives, Hon. Philip Agbese, has explained that the decision by the House to repeal and re-enact the 2024 and 2025 Appropriation Acts was taken to align Nigeria’s budgeting framework with global best practices, promote transparency, and address persistent implementation challenges. Agbese made this known during an interview on […]

Economy

Tinubu seeks annulment, extension of 2024, 2025 budgets

President Bola Tinubu has asked the House of Representatives to repeal and re-enact the 2024 and 2025 Appropriation Acts and to extend the implementation of the 2025 budget to 31 March 2026. The request was contained in a letter written by the President and read on the floor of the House on Friday by the […]

Electricity featured

Reps blame DisCos for poor electricity supply 13 years after privatisation

The House of Representatives Ad-hoc Committee investigating expenditure in Nigeria’s power sector has accused electricity Distribution Companies of shortchanging Nigerians and failing to fulfil the promises that led to the privatisation of the industry 13 years ago. The allegations were raised on Thursday during the resumed investigative hearing of the committee, where officials of the […]

Policy and Regulations

Reps probe allegedly altered tax reform laws

The House of Representatives officially formed an Ad-Hoc Committee on Thursday to investigate reported inconsistencies between the tax reform bills passed by the National Assembly and the official gazetted version currently being distributed to government agencies. This development follows a motion raised during Wednesday’s plenary by Abdussamad Dasuki, the representative for Kebbe/Tambuwal Federal Constituency of […]

Crude oil
Oil and Gas

Reps suspend 2026-2028 MTEF over inconsistent oil prices

The House of Representatives has halted its review of the 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper. This decision followed a disagreement among lawmakers regarding the proposed adjustments to crude oil price assumptions, which serve as the foundation for the federal government’s revenue and spending blueprints. The framework was presented during Wednesday’s plenary by […]

News

Reps order suspension of COVID-19 loan deductions

The House of Representatives has directed the Central Bank of Nigeria, NIRSAL Microfinance Bank, and the Federal Ministry of Finance to immediately suspend all deductions on COVID-19 intervention loans and grant total waivers for outstanding loans owed by vulnerable households and micro-businesses. The directive followed a motion of urgent public importance sponsored by Saidu Musa […]

Finance

Tinubu submits 2026-2028 MTEF to Reps

President Bola Tinubu has submitted the 2026–2028 Medium-Term Expenditure Framework and Fiscal Strategy Paper to the House of Representatives, seeking the legislature’s approval. During Wednesday’s plenary, the letter from Tinubu was read by Deputy Speaker Benjamin Kalu, who presided over the session, urging lawmakers to consider the documents promptly. “It is with pleasure that I […]

Reps proposes bill to ensure timely salary payments
Finance

Reps summon finance, budget ministers over poor budget implementation

The House of Representatives has summoned the Minister of Finance, Mr. Wale Edun, and the Minister of Budget and National Planning, Mr. Atiku Bagudu, over concerns regarding poor budget implementation. The summoning took place after a meeting held on Tuesday. The House held a closed-door session with both Ministers, as well as the Accountant-General of […]

Banking featured

Reps probe banks over ‘illegal deductions’

The House of Representatives on Tuesday leveled a significant accusation against commercial banks, alleging they were perpetrating illegal acts by deducting inexplicable monies from customers without making the required remittances. This serious claim was made during an investigative panel held in Abuja. The allegation was brought forth by Rep. Kelechi Nwogu, who serves as the […]

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