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Cashew industry generates over $400m from export –

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Tinubu approves commercial oil exploration at Tongeji Island,

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Tag: NASS

Technology

AI cannot replace human reporters in NASS, clerk declares

The clerk to the National Assembly, Kamoru Ogunlana, says Hansard (verbatim) reporters have indispensable roles in legislative proceedings, despite rapid advancements in artificial intelligence and transcription technologies. Mr Ogunlana made the assertion on Tuesday at the Annual National Delegates Conference of the Association of Hansard/Verbatim Reporters of Nigeria, held at the National Assembly in Abuja. […]

News

NASS hails FIRS, sets N25trn 2025 target

The National Assembly Joint Committee on Finance on Wednesday praised the Federal Inland Revenue Service for exceeding its revenue target for 2024. The FIRS had a target of N19.4 trillion but successfully generated N21.6 trillion. Impressed by the performance, the committee recommended a N25 trillion tax collection target for the FIRS in the 2025 appropriation […]

NASS inflated 2025 budget with 11,122 'ghost' projects — BudgIT
News

NASS proposes N25m fine for unlicensed insurance businesses

The National Assembly of Nigeria has proposed a N25 million punishment for anybody found operating illegal insurance enterprises in the country. This statement is part of the proposed Nigeria Insurance Industry Reform Bill, 2024, which aims to reform Nigeria’s present insurance regulatory structure, according to Nairametrics. According to the proposed bill, anyone who operates in […]

ICPC criticizes procurement contracts over integrity gap
News

ICPC to investigate abandoned N45bn NASS constituency projects

Juliet Buna Documents reveal that the Independent Corrupt Practices and other related offenses Commission has discovered National Assembly members’ uncompleted constituency projects worth over N45 billion. According to The PUNCH, it is part of the ICPC’s Constituency and Executive Projects Tracking Initiative, now in its fifth stage. The uncompleted projects, tracked across sectors and states, […]

NASS committee orders Sirika to halt demolition of aviation offices
Aviation

NASS committee orders Sirika to halt demolition of aviation offices

The Joint Committee on Aviation of the National Assembly issued a directive to Senator Hadi Sirika, the Minister of Aviation, on Wednesday, ordering him to halt the planned demolition of the aviation agencies’ offices in Lagos. The clerk of the Senate Committee on Aviation, Franca Mbah, and her House of Representatives counterpart, Bassey Edem, both signed a letter addressed to […]

Reps adopt tax reforms, retains VAT at 7.5%
Economy

Chinese bank rejects FG’s loan request – Reps

      The House of Representatives on Tuesday revealed that China Development Bank, has rejected a loan request of $973,474,971.38 from Nigeria. According to The PUNCH, this came after the National Assembly of Nigeria approved spending an extra $22,798,446,773 on infrastructure despite a loan rejection from the China-Exim Bank. The chairman of the House […]

NASS inflated 2025 budget with 11,122 'ghost' projects — BudgIT
Policy and Regulations

NASS sends Business Facilitation Bill to Buhari

Following the passage of the Business Facilitation Bill 2022 by the National Assembly, the Clerk has transmitted the bill to the President, Major General Muhammadu Buhari (Ret’d.), for approval.   The Special Adviser to the President on Ease of Doing Business/PEBEC Secretary, Dr. Jumoke Oduwole, said this on a statement on Thursday, according to Vanguard. […]

Oil Theft: Nigeria loses $150m every two days
Oil and Gas

EFCC, ICPC should probe oil theft not lawmakers – Falana

Human rights activist and Senior Advocate of Nigeria, Femi Falana said it is not the business of the National Assembly to investigate economic sabotage in the oil sector. Falana who made this revelation on a Channels TV interview monitored by our correspondent on Friday said the probing of economic sabotage in the oil sector is […]

Reps pass tax crimes commission bill for second reading
News

Reps pass tax crimes commission bill for second reading

The House of Representatives on Wednesday passed for second reading, a bill seeking to establish a Tax Crime Commission to try tax-related offences, which is to be headed by the Inspector General of Police. Particular emphasis was placed on the supervision and oversight of an effective, equitable, and suitable tax system, the widening of the […]

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