special-duties

Senate Passes N4.695 Trillion Budget

The Nigerian senate has today passed the budget of the sum of N4.695 trillion for the 2014 fiscal year in excess of N53 billion from the initial N4.642 trillion proposed by the Executive. A breakdown of the total budget shows the approval of N2.454 trillion as recurrent expenditure while the capital expenditure got N1.119 trillion approval.
Senate Passes N4.695 Trillion Budget

AMCON Amendment Bill: Senate holds public hearing

In what looks unprecedented in the history of debt recovery and asset management in the banking industry, the Asset Management of Nigeria AMCON has said it has recovered 50 percent of banks’ non-performing loans.
AMCON Amendment Bill: Senate holds public hearing

Finance Minister submits 4.6 trillion naira budget proposal

True to speculations that President Goodluck Jonathan may not present the 2014 budget estimates before the joint session of the National Assembly, the Minister of Finance and the co-ordinating minister of the economy, Dr Ngozi Okonjo-Iweala, has today presented a N4.6 trillion budget estimates excluding...
Finance Minister submits 4.6 trillion naira budget proposal

Senate & House Committees on Interior hold public hearing on CJS

The Senate and House of Representatives Committees on Interior have held a Joint Public Hearing at the Senate wing of the National Assembly on the Criminal Justice System.
Senate & House Committees on Interior hold public hearing on CJS

Service Chiefs confirmed, 2014 budget debate continues

The Nigerian Senate today has confirmed the nomination of service chiefs. Standing in the name of Senator George Thompson Sekibo-Rivers East, motion was made that the Senate do consider the Report of the Joint Committee on Defense, Army & Navy; and Air force on the screening of the nominees
Service Chiefs confirmed, 2014 budget debate continues

Senate resumes, receives MTEF from the President

                                                                                                      Senate Resumes: Receives MTEF from the President

The Nigerian Senate has received the Medium Term Expenditure Framework (MTEF) from President Goodluck Jonathan having resumed work after seven weeks of recess.

The MTEF which features production quota, Oil benchmark and revenue production is expected to cover the period of 2014 to 2016 fiscal year.

The President of the Senate, Senator David Mark, while reading the letter, expressed confidence that the early receipt of the fiscal strategy paper will ensure early passage of the federal budget as was done last fiscal year.

The letter read in part: “I forward herewith for your kind consideration, the 2014-2016 Medium Term Expenditure Framework and Fiscal strategy paper. I seize the opportunity to express my gratitude for the enduring partnership between the legislative and the Executive arms of government in our collective efforts to transform the economy of our dear country. “Pursuant to the fiscal responsibility Act, 2007 the development towards the preparation of the 2014 budget have culminated in the 2014-2016 MTEF and FSP”.

“prepared against the backdrop of global economic uncertainty, the 2014-2016 MTEF and FSP reflect the reality of our circumstance and will ensure that planned spending is set at prudent and sustainable levels consistent with government’s overall medium-term development objectives”.

Also, Senate also cleared eight ambassadorial nominees earlier screened by the Senate Committee on Foreign Affairs which include seven Career diplomats and one non-Career diplomat.

The Career diplomats are: Mr.O.F Muo (Imo State); Mrs Adamu Emozozo (Edo State), and Mr A. Echi (Benue State), Mrs G.M. Quist- Adebiyi (Lagos State), Mr Dauda M. (Borno), and Mr Hakeem Suleiman (Ogun State). Dr. Bolere Ketebu is the only non-Career diplomat representing Bayelsa State.

Mr President also requested the approval of the appointment of Justice Ibrahim Bukar as the Chief Judge of the Federal High Court, Abuja as recommended by the National Judicial Council.

The Senate adjourned plenary to Wednesday, September 18, 2013.

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