Tag: lawmakers

Reps adopt tax reforms, retains VAT at 7.5%
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Lawmakers questions FG’s foreign loans despite surpassed revenue targets

Lawmakers have raised concerns over the Tinubu administration’s $2.2 billion loan request, questioning the need for foreign borrowing despite exceeding revenue targets in 2024. Members of the joint National Assembly Committees on Finance, led by Senators Sani Musa and Abiodun Faleke, expressed their objections during the scrutiny of the 2025-2027 Medium Term Expenditure and Fiscal […]

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RMRDC, lawmakers move to curb locally sourced materials’ importation

The Raw Materials Research and Development Council of Nigeria is collaborating with lawmakers to pass legislation that would restrict the importation of raw materials that can be sourced locally. The bill, which has already passed its first reading in the National Assembly, aims to encourage local production and reduce reliance on imports. This emwas disclosed […]