MDAs Must Generate N1trn Annually To Fund Budget - Lawan   Senate President Ahmad Lawan, yesterday, said the National Assembly would henceforth mount more pressure on revenue-generating agencies to ensure that they remit N1trillion yearly to enable the Federal Government fund its budget. Lawan stated this after...

Senate Postpones Debate On 2022-2024 MTEF/FSP Report             The Senate on Wednesday stepped down the presentation and consideration of the report on the 2022-2024 Medium Term Expenditure Framework and Fiscal Strategy Paper. The decision to defer its presentation and consideration to another legislative day was reached during...

FG Targets Tax Raise In 2022 To Reduce Borrowing       Taxes may go up next year as a result of the government’s plans to shore up revenue and drastically cut borrowings. Leakages are to be blocked and revenue-generating agencies are to be thoroughly supervised. Senate President Ahmad Lawan,...

Lawan Says Petroleum Law Not Perfect, Open To Amendment       Senate President Ahmad Lawan yesterday said the Petroleum Industry Act 2021 is not perfect and will be amended in future. To him, enacting the law after so many years is significant even if all expectations were not...

Non-oil Sector Driving Nigerian Economy, Says Finance Minister       The Minister of Finance, Budget, and National Planning, Mrs Zainab Ahmed, has said the Nigerian economy is currently being driven by the non-oil sector. Ahmed said this when she led officials of her ministry to hold a meeting...

Senate To Debate PIB Report Thursday       The Senate will, Thursday this week, debate the report of its joint committees on Petroleum (Upstream, Downstream and Gas) on the Petroleum Industry Bill (PIB). Senate President Ahmad Lawan disclosed this on Tuesday after the chairman of the panel, Senator...