Abdulqudus Ogundapo

The bill provides an increase in the reinsurance of the insurance companies from ₦10 billion to ₦35 billion, while the non-life insurance was increased from ₦3 billion to ₦15 billion.

The Federal Executive Council approved the N47 trillion budget proposal on Monday.

President Tinubu said the 2025 appropriation was designed to address economic growth, human capital development, poverty reduction and insecurity.

President Tinubu said the 2025 appropriation was designed to address economic growth, human capital development, poverty reduction and insecurity.

Mr Akpabio said the bills would mark a significant reform in Nigeria's tax system since the nation's independence.

Nigeria, Dec. 19 -- The Senate President, Godswill Akpabio, has assured the National Assembly that it will do everything within its ability to ensure the passage of the tax reform bills proposed by President Bola Tinubu.

President Bola Tinubu presented the budget of N49.7 trillion to a joint session of the National Assembly on Wednesday.

Both the Senate and the House of Representatives will reconvene on 14 January.

President Bola Tinubu presented the budget of N49.7 trillion to a joint session of the National Assembly on Wednesday.

"The National Assembly is conducive for persons with disabilities to access. You can see them in my office, and they got here without stress."