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Tag: House of Representatives

Finance

Reps extend 2025 capital budget deadline to September 30

The House of Representatives on Monday approved a three-month extension for the capital component of the 2025 Appropriation Act, moving the implementation deadline from June 30 to September 30, 2026. The PUNCH reported that the adjustment is intended to give the Federal Government additional time to complete ongoing capital projects funded under the current budget. […]

featured Policy and Regulations

BREAKING: Reps pass landmark bill to establish state police

The House of Representatives has passed a bill seeking to amend the 1999 Constitution of the Federal Republic of Nigeria to provide for the establishment of state police. The constitutional amendment bill scaled through during Thursday’s plenary session after lawmakers considered the committee report on the proposed alteration. Presiding over the session, the Speaker of […]

Policy and Regulations

Reps summon finance minister over worsening insecurity despite defence funding

The House of Representatives, on Tuesday, summoned Service Chiefs and the Finance Minister and Coordinating Minister of the Economy to appear before it and provide a detailed account of funds released to the military, amid growing concerns over the worsening security situation across the country, despite huge budgetary allocations to defence. The resolution followed the […]

featured Finance

Reps recover over ₦521m in unremitted VAT from CBN

The House of Representatives Public Accounts Committee has recovered ₦521,765,134.17 in unremitted Value Added Tax from the Central Bank of Nigeria following its ongoing investigation into alleged revenue leakages and outstanding liabilities owed to the Federal Government. The recovery is part of an inquiry initiated by the House following a motion titled “Investigation of Revenue […]

Finance

Reps sets up panel to recover outstanding FG debts

The House of Representatives on Thursday constituted an ad-hoc committee to investigate debts owed to the Federal Government by state actors, private entities and Ministries, Departments and Agencies, appointing the member representing Obokun/Oriade Federal Constituency of Osun State, Oluwole Oke, as chairman of the panel. The committee was inaugurated following the adoption of a motion […]

Telecommunications

Reps blame NCC for poor telecom service quality nationwide

The House of Representatives on Wednesday blamed the Nigerian Communications Commission for what lawmakers described as weak regulatory governance, holding the agency responsible for the persistent poor quality of telecommunications services nationwide. The lawmakers said the commission had failed to enforce standards capable of compelling service providers to deliver reliable connectivity, warning that the situation […]

featured Finance

Reps approve Tinubu’s $516.33m loan for Sokoto-Badagry superhighway project

The House of Representatives on Tuesday approved President Bola Tinubu’s request to secure a $516.33m loan from Deutsche Bank to finance Section I of the ambitious Sokoto-Badagry Superhighway project, a key infrastructure initiative under the administration’s Renewed Hope Agenda. The approval followed the consideration of the President’s request by the Committee of Supply during plenary […]

Electricity featured

Reps to approve debt relief for Kano, Jos, Ikeja DisCos

The House of Representatives Public Accounts Committee has resolved to approve financial relief measures and a 10-year debt restructuring framework for the Kano, Jos, and Ikeja Electricity Distribution Companies. The decision covers N128.6bn in accrued interest on debts from 2015 to September 2025 to be waived, and historical debts amounting to N120.1b to be restructured […]

Reps adopt tax reforms, retains VAT at 7.5%
News

Lawmakers demand more funding for power sector amid national outages

The Chairman of the House Committee on Power, Victor Nwokolo, has urged greater investment in the electricity sector as the country grapples with widespread power outages. He made the appeal during the inauguration of the Nigerian Electricity Liability Management Company headquarters in Abuja on Thursday, According to the News Agency of Nigeria. Nwokolo noted that […]

Finance

Reps endorse green climate finance bank

The House of Representatives has endorsed the proposed establishment of a Green and Climate Finance Bank for Nigeria. The lawmakers described the initiative as a strategic move to deepen financing for renewable energy and climate-aligned investments. The Chairman of the House Committee on Renewable Energy, Afam Ogene, stated this position during a joint media briefing […]

Insurance

Reps enrol press corps in FCT health insurance scheme

The House of Representatives has enrolled accredited journalists covering its proceedings into the Federal Capital Territory Health Insurance Scheme. The initiative followed the sponsorship of a one-year premium by the Chairman of the House Committee on Media and Public Affairs, Akin Rotimi. A symbolic presentation of enrollment identity cards took place at the National Assembly […]

Finance

Reps probe non-release of ₦174.26bn agric intervention funds

The House of Representatives has commenced an investigation into the alleged non-release of N174.26 billion in agricultural intervention funds. The probe directs Ministries, Departments and Agencies as well as development partners to fully cooperate with the fact-finding exercise. The Chairman of the House Committee on Agricultural Production and Services, Bello Ka’oje, made this known in […]

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