Dirisu Yakubu

The Senate President, Godswill Akpabio, has described critics of the four tax bills transmitted to the National Assembly by President Bola Tinubu as people who have not taken time to understand the proposed initiatives.

President Bola Tinubu said that the Federal Government has so far disbursed N34bn as loans to students studying across the nation's tertiary institutions through the Nigeria Education Loan Fund.

The House of Representatives Public Accounts Committee has called for the removal of the National Examination Council, the University of Ibadan, Federal Ministry of Labour and Employment, and 21 other Ministries, Departments, and Agencies from the 2025 budget estimates.

The House of Representatives will, on December 31, 2024, present the sum of N704.91m for the use of vulnerable Nigerians owing to the economic hardship occasioned by the removal of petrol subsidy.

The Northern Leaders, under the League of Northern Democrats, have stressed that the concerns raised by many Nigerians regarding the Tax Reform Bills should not be overlooked.

Adding fuel to the fire, former Speaker of the House of Representatives, Yakubu Dogara, has criticised northern governors for their rejection of the tax reform bills.

The Senate and the House of Representatives, at their separate plenaries on Thursday, passed for second reading the N49.7tn ‘Restoration' 2025 budget presented on Wednesday by President Bola Tinubu.

The Speaker of the House of Representatives, Tajudeen Abbas, has asked the Central Bank of Nigeria to provide clarification on the dismissal of about 1,000 staff members and the subsequent payment of a N50bn compensation package to the disengaged persons.

“First, we aim to understand the rationale behind the decision to lay off over 1,000 staff members, particularly during these challenging economic times. The impact of such a significant workforce reduction on the individuals, their families and the broader economy cannot be overlooked.

A legal framework for the regulation of Corporate Social Responsibility practice in Nigeria is underway, following the submission of a report by the House of Representatives Committee on the CSR, chaired by Prof. Lilian Orogbu.