Connect with us

Legislature

Senate moves to counter FG over waivers, vows to review, reverse them

Published

on

The President of the Senate, Ahmad Lawan has hinted that the 9th senate will use the remaining 6 months of its lifespan to review or renegotiate some waivers, tax holidays and concession granted to investors and businesses by the Federal Government of Nigeria.
Lawan spoke on Thursday at an occasion to mark his 64 birthday anniversary in Abuja.
He stressed that most of the waivers and concessions need to be reviewed to generate more money into government coffers and minimise borrowing.

“So we will review the waivers, where the wavers cannot be sustained anymore such waivers should be reversed or renegotiated but definitely we need to work hard to improve on the revenue generation of the nation by the MDAS and other government agencies

“So for us at the Senate we have decided that for the remaining part we will continue to engage revenue generating agencies until we get better outcomes from them. This is possible and also the concessions and the waivers the government has given to some companies and individuals we may have to review that, certain things have to go on but certain other things have to be reviewed. Every kobo counts because we have a very difficult situation.”

The Senate President said the move has become expedient and instructive due to leakages and loopholes in tax collection and remittances to the government amid revenue shortfalls and high debt profile in the country.

According to him, ” the government cannot continue to go borrowing because it is not sustainable. We have to look inward and generate more money to execute landmark projects and fund infrastructures “

Senator Lawan also frowned at the recent report by the National Bureau of Satistics (NBS) which says there are more poverty ravage Nigerians in the North East and North West saying that the people in the zones need not to be poor if government can invest in livestock business.

“Some critics always quick at kicking against the idea of livestock development , some of them said it’s private business. They shouldn’t be supported.

“There is nothing more private than someone setting up a Bank, kill the Bank and then the obnoxious loans will now be taking over by AMCON.

AMCON today has about six trillion naira of toxic loans on our head.

“The livestock industry in Nigeria especially between Borno, Sokoto and of course Yobe is an economy that is worth 33 trillion Naira.

“Incidentally, the most poor states are in this zone. Where you have a potential of 33 trillion Naira economy, we have no reason to be poor” Lawan said.

Lawam who is marking his last birthday in his capacity as the President of the Senate disclosed that the ninth Senate has implemented all items in the legislative agenda promised at the beginning of the administration in 2019.

He however noted that there are more challenges like insecurity, lack of sufficient revenue to execute some projects.

Though he said the ninth National Assembly would continue to work hard and be patriotic while urging the incoming government to take it up from there in the interest of national development.

The birthday anniversary was witnessed by the Senate Leader, Senator Ibrahim Gobir, Senate Chief Whip, Senator Orji Uzor Kalu and other dignitaries.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Legislature

NASS modifies NDLEA Act, Prescribes Life Imprisonment for Drug Traffickers

Published

on

By

The National Assembly has modified the National Drug Law Enforcement Agency (NDLEA) Act to prescribe life imprisonment for individuals found guilty of storing, transporting, or concealing illicit drugs and substances. 

The amendment was adopted on Thursday during plenary, presided over by Deputy Senate President Barau Jibrin, following broad support from the senators.

The amendment reflects a harmonised position of the Senate and the House of Representatives on Section 11 of the NDLEA Act. 

The House had earlier passed an amendment prescribing life imprisonment for drug traffickers, while the Senate had proposed the death penalty.

To reconcile the differences, a conference committee of both chambers was convened. Senator Tahir Monguno, Chairman of the Senate Committee on Judiciary, Human Rights, and Legal Matters, presented the harmonised version to the Senate. 

He urged lawmakers to adopt the House’s position of life imprisonment, arguing that enforcing the death penalty could lead to the execution of over 900 accused persons currently awaiting trial for drug-related offenses.

The Deputy Senate President who presided over the plenary had put the resolution to a voice vote, and the majority of senators supported the amendment. 

The approved version stipulates life imprisonment for offenders.
The amended section now reads:
“Anybody who is unlawfully involved in the storage, custody, movement, carriage, or concealment of dangerous drugs or controlled substances and who, while so involved, is armed with any offensive weapon or is disguised in any way, shall be guilty of an offence under this Act and liable on conviction to be sentenced to life imprisonment.”
This amendment aims to strengthen the fight against drug trafficking while addressing concerns over human rights and the judicial implications of the death penalty.
The move is part of efforts to curb the growing menace of drug trafficking and its adverse effects on Nigerian society. According to Senator Monguno, the life imprisonment penalty strikes a balance between deterrence and humane judicial practice.
With the amendment, the NDLEA now has a robust legal framework to prosecute offenders and combat drug-related crimes effectively.

Continue Reading

Legislature

President Tinubu urges Senate to approve ₦1.767trn External Loan

Published

on

By

Bola Ahmed Tinubu

President Bola Ahmed Tinubu has formally requested the National Assembly’s approval for a $2.209 billion (₦1.767 trillion) external borrowing plan to finance part of the ₦9.17 trillion fiscal deficit in the 2024 budget. The loan, included in the 2024 Appropriation Act, is critical to the government’s broader strategy for economic recovery and growth.
In a letter to Senate President Godswill Akpabio, President Tinubu noted that the borrowing aligns with the provisions of Sections 21(1) and 27(1) of the Debt Management Office (DMO) Establishment Act, 2003. He also indicated that the Federal Executive Council (FEC) had approved the plan.
The President explained that the funds would be sourced through Eurobonds or similar external financial instruments. A detailed summary of the loan’s terms and conditions accompanied the letter to guide legislative scrutiny.
“This borrowing is necessary to address the budget deficit and fulfill our fiscal strategy for 2024. Swift approval will enable us to move forward with mobilizing these funds,” the President stated, emphasizing the urgency of the request.
Senate President Akpabio referred the matter to the Committee on Local and Foreign Deb

Continue Reading

Legislature

Senator Natasha Transforms Kogi Central Schools with 5,000 Digital Learning Devices

Published

on

By

By Isah Bala

Access to quality education is a cornerstone of societal progress, and Senator Natasha Akpoti-Uduaghan is embodying this vision by bringing transformative educational tools to Kogi Central. In a groundbreaking initiative, the senator recently provided 5,000 digital learning devices to public primary and secondary schools in her district, aiming to bridge the digital divide and set a new educational standard.

The devices, unveiled at Abdul Aziz Attah Memorial College (AAAMCO), are preloaded with the Nigerian curriculum from UBEC and internationally acclaimed educational resources, including Khan Academy and Discovery Kids. Through this initiative, students will experience interactive learning, enabling them to explore subjects in depth, enhance digital literacy, and engage with complex topics in a hands-on way.

This project is just the beginning of Senator Natasha’s ambitious plan to make “smart schools” the norm in Kogi Central. She envisions a future where every child in her district has equal access to digital learning, stating, “My dream is to equip all public primary and secondary schools in Kogi Central with digital learning devices before the end of my tenure in 2027.”

Beyond device distribution, the senator’s initiative includes UBEC-led teacher training to ensure educators are equipped to integrate these tools into their classrooms effectively.
With this dual approach of student and teacher empowerment, Senator Natasha is laying a foundation that will support digital literacy and skill development for years to come.

Senator Natasha’s commitment to educational advancement represents a significant step forward for Kogi Central, ensuring that young students have access to the tools they need to succeed in an increasingly digital world. This initiative marks her dedication to the constituency that entrusted her with this mandate.

Continue Reading

Trending

Copyright © 2024 National Update