President Bola Tinubu has submitted a request to the National Assembly for approval of a fresh external borrowing plan amounting to ₦1.767 trillion. The loan is intended to partially bridge the ₦9.7 trillion budget deficit in the 2024 appropriation act. The Speaker of the House of Representatives read the president’s request during Tuesday’s plenary. If … Read more
Deputy spokesman of the House of Representatives, Mr. Philip Agbese, has alleged that some governors are coercing federal lawmakers to withdraw their support for President Bola Tinubu’s Tax Reform Bills. According to Agbese, these governors have threatened to deny lawmakers return tickets for the 2027 elections if they back the proposed legislation. EDITOR’S PICKS Trump … Read more
A coalition of northern groups under the Forum for Growth and Development of Arewa (FGDA) has condemned the recent tax reform initiative backed by some northern leaders, threatening to stage a protest on Wednesday against what it describes as “Anti-North bills.” The coalition expressed concerns over the Fiscal Policy and Tax Reform Bill transmitted to … Read more
President Bola Tinubu is expected to present the 2025 budget proposal, recently approved by the Federal Executive Council (FEC), to the National Assembly today, Friday, November 15. The federal government has proposed ₦47.9 trillion for the 2025 fiscal year, including ₦9.22 trillion in new borrowing, which was approved during the FEC meeting on Thursday at … Read more
President Bola Tinubu is expected to present the 2025 budget to the National Assembly during the first week of December, sources indicate. This timeline was clarified by the Senate Committee on Finance, led by Senator Sani Musa (APC, Niger East), who stressed that the decision on when to present the budget remains exclusively with the … Read more
Senator Sani Musa, representing Niger East Senatorial District, commended President Bola Tinubu’s decision to end the fuel subsidy in Nigeria, calling it a major positive development for the country. In an interview with Channels TV on Friday, Musa praised the subsidy removal as a necessary move, noting it was made with the nation’s best interests … Read more
The federal government on Thursday rejected a bill that proposed the creation of a special security agency solely dedicated to protecting mining sites across Nigeria. This decision comes amid escalating illegal mining activities and associated security challenges in the sector. Minister of Solid Minerals Development, Dele Alake, expressed opposition to the bill, titled “Bill to … Read more
A large crowd of activists gathered in Abuja’s Three Arms Zone on Tuesday, calling for comprehensive reforms in Nigeria’s oil sector. Led by the APC Solidarity and Development Forum alongside various youth and civil society groups, protesters voiced their frustrations over rising fuel prices, ongoing shortages, and worsening economic conditions impacting Nigerians. During the demonstration … Read more
President Bola Tinubu is fully committed to adhering to due process regarding the tax reform bill currently under consideration by the National Assembly, according to his Special Adviser on Communication and Orientation, Sunday Dare. Speaking on Channels TV, Dare affirmed that the President is respecting the legislative process, allowing it to shape the bill’s progression … Read more
The Bola Ahmed Tinubu administration is set to withdraw the Tax Reform Bills recently presented to the National Assembly following significant backlash, especially from northern governors and traditional rulers. The opposition is largely centered on changes to the Value Added Tax (VAT) distribution model, which many northern leaders argue would disproportionately impact their region. According … Read more
The National Economic Council (NEC) on Thursday advised President Bola Tinubu to withdraw the proposed Tax Reform Bill from the National Assembly to enable further consultations and consensus-building. Oyo State Governor Seyi Makinde revealed this decision while briefing State House correspondents after the 144th NEC meeting, chaired by Vice President Kashim Shettima at the Presidential … Read more
Senator Mohammed Ali Ndume, representing Borno South in the National Assembly, has urged Minister of Finance Wale Edun, the Federal Inland Revenue Service (FIRS), and other economic managers to stop misleading President Bola Tinubu. Ndume made this statement in response to the Federal Government’s plan to increase the country’s tax regime. He expressed concern that … Read more
President Bola Ahmed Tinubu’s ministerial nominees arrived at the National Assembly on Wednesday, October 30, for Senate screening, which was initially scheduled for the previous day but postponed to allow for completion of essential documentation. EDITOR’S PICKS ‘I Feel Sorry For Joshua’ After Knockout Loss To Dubois – Fury EPL: What We’re Lacking Is Luck … Read more
The Nigerian Senate is set to begin screening seven individuals nominated by President Bola Ahmed Tinubu for ministerial positions next Tuesday. EO HOT BLOG reports that the ministerial nominees for Senate consideration and approval include Dr. Nentawe Yilwatda (Humanitarian Affairs and Poverty Reduction), Muhammadu Dingyadi (Labour & Employment), Bianca Odumegwu-Ojukwu (State Foreign Affairs), and Dr. … Read more
Operatives of the Department of State Services (DSS) have reportedly arrested journalist Edna Ulaeto, a staff member of OrderPaper, following a raid on her residence early Friday morning. According to a statement from the management of OrderPaper, a group of armed men identifying themselves as DSS officers from the Office of the National Security Adviser … Read more
The Senate has announced that the Federal Government is expected to submit the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) once President Bola Tinubu returns from his overseas trip. The MTEF is a key legal document that sets the budgetary guidelines for the nation and is traditionally submitted to the parliament before … Read more
Senators on Thursday, passed a vote of confidence in Senate President Godswill Akpabio, following rumors of an alleged plan to impeach him. The vote came amid reports that some senators were plotting to remove Akpabio from office. Speculation surfaced on Wednesday through online media, suggesting that the presidency had deployed a significant number of Department … Read more
The Nigeria Labour Congress (NLC) has called on the National Assembly to expedite action on clarifying the scope of the new national minimum wage. NLC President Joe Ajaero made this appeal on Monday during a book launch in Abuja. It should be recalled that on July 24, Senate President Godswill Akpabio, during a plenary session, … Read more
The federal government is planning to raise the Value Added Tax (VAT) from 7.5 percent to 10 percent. EKO HOT BLOG reports that an executive bill to formalize the increase has already been submitted to the National Assembly. According to a Sunday report by The Cable, the proposed legislation seeks to gradually raise the VAT … Read more
Senate President Godswill Akpabio has called on Nigerians to prioritise their love for the country over financial gain. He made the remarks on the Senate floor on Tuesday while addressing a motion aimed at curbing the mass migration of skilled Nigerians abroad. Akpabio stressed that the country would benefit more if professionals in various fields … Read more