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November 10, 2021

November 10, 2021November 10, 2021 IFMNEWS

Senate Passes Electoral Act Amendment Bill, Approves Electronic Voting, Direct Primary

The Senate has passed the Electoral Act Amendment Bill and approved the electronic transmission of results.

The approval was given Tuesday when senators resumed plenary after a three-week recess.

A seven-man conference committee was constituted by the Upper chamber to meet with members of the House of Representatives Conference Committee and harmonize the differences in the Senate and House versions of the Electoral Act Amendment Bill.

A successful harmonization would mean the National Assembly has finished the process of amending the Electoral Act Amendment Bill.

The House of Representatives is also expected to follow suit by passing the harmonized bill.

November 2, 2021

November 2, 2021November 2, 2021 IFMNEWS

Senate Slams Federal Government Over Ajaokuta Steel

The Senate Committee on Solid Minerals Mine, Steel Development and Metallurgy has frowned at the abandonment of the Ajaokuta Iron and Steel project. by the federal government.

The committee said the President Buhari led administration talked much about economic diversification, but allocated lean fund to the solid mineral sector annually.

The Minister of State for Mines and Steel Development, Uche Ogah, had told the committee during budget defence that out of the ministry’s N23.4bn budgetary allocation in 2022, N10bn is for personnel cost; N1.47bn for overhead cost and N11bn for capital projects.

Angered by the submission, members of the committee decried the meagre budgetary allocation to the sector, which they said, should rank second after the oil and gas.

October 28, 2021

October 28, 2021October 28, 2021 IFMNEWS

Senate Kicks Against President Buhari $700 Million Request For Water Project

The Senate Committee on Local and Foreign Debt has kicked against President Muhammadu’s request to borrow $700 million for the execution pf a water project.

Buhari had earlier requested for approval of the loan to enable his administration embark on Sustainable Urban and Rural Water Supply, Sanitation and Hygiene (SURWASH) under the Ministry of Water Resources in 2022.

Members of the Senate Committee faulted the idea of seeking loan to fund Sustainable Urban and Rural Water Supply, Sanitation and Hygiene, pointing out that there were enough loans which the country has been servicing.

Chairman of the Committee, Senator Clifford Ordia said that three different loans have been approved for various water projects.

The Committee resolved to summon the Minister of Water Resources, Adamu Suleiman to appear before them to provide more explanation on the loans and state of loans collected so far.

Another member of the Committee, Senator Obinna Ogba, vehemently kicked against the request, arguing that Nigerians have not been enjoying water despite huge loans gotten in the past.

October 14, 2021

October 14, 2021 IFMNEWS

Senate Passes 2022 Budget For Second Reading

The Senate has passed the 2022 Appropriation Bill for second reading after over one hour of debate on its general principles.

Last Thursday, President Muhammadu Buhari had presented a N16.39trillion budget proposal for the 2022 fiscal year.

Contributing to the debate, Senate Minority leader, Enyinnaya Abaribe said the federal government needs to curb what he described as a “borrowing spree”.

The lawmakers who contributed to the debate expressed concerns over the increasing fiscal deficit and the government’s continued borrowing to fund capital projects.

While some defended the borrowings, which the executive said were to build the much-needed infrastructure, others advocated Public-Private Partnership (PPP) as an alternative to loans.

Speaking at the end of the debate on the budget, Senate President Ahmad Lawan said loans are not bad as long as they are used for what they are earmarked for. The senate president said the national assembly should be able to pass the budget before December.

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Tag: Senate

Senate Passes Electoral Act Amendment Bill, Approves Electronic Voting, Direct Primary

Senate Slams Federal Government Over Ajaokuta Steel

Senate Kicks Against President Buhari $700 Million Request For Water Project

Senate Passes 2022 Budget For Second Reading

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