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Tag: Senate

featured Finance

Senate approves $6bn external loans for Tinubu

The Senate has approved the request of President Bola Tinubu to go for external loans totalling $6 billion. The approval came barely three and a half hours after the senate president, Godswill Akpabio, read the letter from the president, seeking the approval. The Senate approved the loans following the presentation and consideration of the report […]

Finance

Women affairs minister urges Senate to boost 2026 budget

The Minister of Women Affairs and Social Development, Imaan Sulaiman-Ibrahim, has appealed to the Senate to increase the N134.2 billion proposed for the ministry in the 2026 fiscal year. The minister said an upward review would enable the ministry to implement programmes aimed at addressing the multifaceted challenges facing women across the country. Meanwhile, the […]

featured Finance

Senate rejects AGF’s 2026 budget over unpaid contractors, zero releases

The Accountant-General of the Federation, Shamseldeen Ogunjimi, faced intense scrutiny on Thursday. The Senate Committee on Finance declined to consider the 2026 budget proposal of his office. The decision stemmed from poor budget releases and mounting unpaid liabilities to contractors. The AGF heads Nigeria’s Treasury House. He is responsible for the custody, management, and disbursement […]

Economy featured

Senate hails FG’s launch of $7.7trn Halal economy plan

The Senate has hailed the Federal Government for the bold and forward-looking launch of Nigeria’s National Halal Economy Strategy. This strategic policy initiative aims to position the nation to competitively access the estimated $7.7 trillion global halal market and accelerate economic diversification. In a statement signed yesterday by the Chairman of the Senate Committee on […]

featured Finance

Senate fixes March 17 for ₦58.47trn 2026 budget passage

The Senate Committee on Appropriations has tentatively scheduled Tuesday, March 17, 2026, for the final consideration and passage of the N58.47 trillion 2026 Appropriation Bill. To achieve this timeline, the committee held a special session on Friday and approved February 2 to 13, 2026, for budget defence by Ministries, Departments and Agencies (MDAs) at the […]

featured Finance

Senate approves revised ₦43.561trn 2024 budget framework

The Senate has approved a revised ₦43.561 trillion 2024 Appropriation Act alongside a reworked 2025 budget framework, following the passage of the Appropriation (Repeal and Re-enactment) Bills. The bills were considered at the Committee of Supply stage and later at plenary, where they were passed through a voice vote. Senators described the exercise as a […]

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

Senate reviews 2025 budget, cuts spending to ₦43.56tn

The Senate on Wednesday deliberated on a bill to repeal and re-enact the 2024/2025 Appropriations Act, proposing a revised budget of ₦43.56 trillion. President Tinubu had earlier transmitted the Appropriation (Repeal and Re-enactment) Bill 2024 to the National Assembly for consideration. The bill was passed for second reading during the plenary session. Under the proposed […]

featured Finance

Tinubu sends 2026-2028 MTEF to Senate for approval

President Bola Tinubu has transmitted the 2026–2028 Medium Term Expenditure Framework and Fiscal Strategy Paper to the Senate for its consideration and subsequent approval. This submission is a crucial step that precedes the presentation of the annual budget, as it is designed to establish the fiscal parameters that will govern the nation’s finances for the […]

Aviation

Senate summons Keyamo, stakeholders over 150% domestic airfare hike

The Senate has summoned the Minister of Aviation, Festus Keyamo, along with key industry stakeholders, for an urgent meeting following widespread public concern over the sharp rise in domestic airfares. The resolution followed a motion raised by Senator Buhari Abdulfatai, who warned that the escalating prices threaten national mobility and could disrupt travel ahead of […]

News

Oshiomhole urges stronger regulation of tech-driven financial institutions

Senator Adams Oshiomhole, representing Edo North, has called on the National Assembly to strengthen oversight of financial institutions operating beyond the traditional banking sector. He made the remarks on Thursday while contributing to the plenary debate on a bill aimed at amending the Banks and Other Financial Institutions Act to provide for the designation, registration, […]

Senate approves Yuguda, Cardoso, others as MPC members
News

Senate Summons ministers over $30m safe school initiative collapse

The Senate on Wednesday deepened its inquiry into the collapse of the Safe School Initiative, summoning Finance Minister Wale Edun, Education Minister Tunji Alausa, and Defence Minister Lt-Gen Christopher Musa (retd.) to explain why the $30m programme failed to shield schoolchildren from ongoing attacks. The invitations were issued by the Senate Ad-hoc Committee on the […]

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