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Opeyemi Bamidele advocates for Legislative antidote for Naira free fall 

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**recommends regular executive, legislative parley for development agenda

The Leader of the Senate, Senator Michael Opeyemi Bamidele, has challenged his colleagues to come up with creative legislative frameworks that will provide robust oversight support to guarantee the appreciation and stability of Naira.

Bamidele, also, recommended regular parleys between federal lawmakers and all members of the Federal Executive Council as one of the measures that should be adopted to integrate the eight-point agenda of President Bola Ahmed Tinubu with the programmes of the 10th National Assembly.

He canvassed the positions at a two-day retreat for all senators of the Federal Republic of Nigeria at Ikot Ekpene, Akwa Ibom State under the theme, fiscal policy and tax reforms in Nigeria.

Organised by the National Institute of Legislative and Democratic Studies, the retreat was designed to build the capacity of the senators to enact pro-people legislations that could promote enduring peace; guarantee sustainable development and deepen peaceful co-existence, among Nigerians. 

At the retreat were the President of the Senate, Senator Godswill Akpabio; Speaker, House of Representatives, Hon. Tajudeen Abbas; Deputy President of the Senate, Senator Barau Jibrin; Minister of Finance and Coordinating Minister of Economy, Mr. Wale Edun and other members of the Federal Executive Council.

Concerned about the weakening of Naira, the senate leader canvassed appropriate legislative frameworks and oversight support for the implementation of responsive fiscal and monetary policy with a view to rescuing the economy from regression.

He explained that both chambers of the National Assembly “are under obligations to stem the recurring decimal of Naira devaluation and promote economic stability. This entails appropriate legislative framework and oversight support for the implementation of responsive fiscal and monetary policy measures.

“Henceforth, developing appropriate legislative frameworks is central to ensuring macroeconomic stability with focus on managing inflation, addressing high interest rates as well as foreign exchange deficit,” the senate Leader observed in his paper presentation.

Bamidele equally highlighted diverse antidotes to socio-economic challenges currently confronting the federation, recommending first the urgent review of the Land Use Act, 1979 to redress the current land tenure system and give Nigerians more access to arable farmland nationwide.

He observed that ensuring more access to arable farmland would boost agricultural production exponentially and guarantee food security nationwide because most Nigerians, especially those in the rural communities, were predominantly farmers.

He emphasised the need to prioritise the Small Towns and Village Recovery and Development Bill in order to restore economic fairness to the rural communities in the scheme of national revenue allocations as well as the provision of rural infrastructure.

He added that the initiative would obviously stem the alarming rate of rural–urban drift and the attendant urban population explosion, urban criminality, environmental degradation and huge gap between available resources and demands in the cities.

He explained that effective implementation of the poverty alleviation programme “is fundamental to promoting peace, harmony and sustainable democracy in Nigeria where over 70 percent of the nation’s population is reportedly living below poverty line.

“To reduce the increasing inequality between the poor and rich, we urgently need to strengthen the National Directorate of Employment through the amendment of relevant legislations that will create limitless opportunities for our teeming jobless populations.

“We are also under obligations not just to overhaul our National Poverty Eradication Programme and National Economic Reform Plan, but also back them up with adequate funding to provide social safety nets for the poor and the vulnerable across the federation.”

Pointing out the alarming rate of corruption in the public space, Bamidele warned that the federation should prepare for mass action from the downtrodden, which might manifest in the form of protests.

As a matter of national security, the senate leader tasked the National Assembly to work out preventive measures to address corrupt practices rather than emphasising antidotes to cure them.  

Bamidele also challenged the federal government to discourage selective treatment, executive lawlessness, high handedness, and political persecution of perceived enemies in the fight against corruption.

Also, at the retreat, Bamidele called for a joint retreat between the executive and legislature in order to work out modalities to integrate Tinubu’s eight-point agenda with the programmes of the National Assembly.

He explained that the proposed retreat would provide opportunity for all chairmen of standing committees in the Senate and House Committees to sit with ministers and their permanent secretaries to synergise on the approaches to implementing the eight-point agenda of the Tinubu administration.

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Legislature

CNG Safety Under Scrutiny: NASS Questions Readiness as Explosions Raise Alarms

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National Assembly Complex

The National Assembly has called for a comprehensive reassessment of Nigeria’s Compressed Natural Gas (CNG) initiative following alarming reports of vehicle explosions attributed to uncertified conversions. Lawmakers are urging the Federal Government to prioritize rigorous adaptability tests to ensure the safety and suitability of the technology in Nigeria’s unique environment.

During the 2025 budget defense session of the Joint Committee on Petroleum (Downstream), Petroleum (Upstream), and Gas, Senator Natasha Akpoti (PDP, Kogi Central) questioned the adequacy of research conducted before rolling out the CNG program.

“Nigeria’s bumpy roads and hot climate differ significantly from the smooth and cooler environments where this technology originated. Were these factors considered before introducing CNG?” Akpoti asked.

Her concerns come amid incidents of explosions in CNG-converted vehicles. The Minister of State for Gas, Hon. Ekperikpe Ekpo, attributed these accidents to uncertified conversions carried out by roadside technicians, emphasizing that certified centers adhere to strict safety standards.

Ekpo also assured lawmakers that the technology had been evaluated by a Presidential Committee on CNG and affirmed its long-term viability. “CNG has come to stay,” he stated.

The session also highlighted budgetary concerns, particularly the Ministry of Petroleum’s 2025 capital allocation of N903 million. Lawmakers criticized the sum as inadequate to address Nigeria’s pressing energy challenges.

“For a ministry driving Nigeria’s energy transition, this allocation raises concerns about commitment to infrastructure and innovation,” remarked Hon. Kafilat Ogbara.

As Nigeria seeks to diversify its energy mix, the National Assembly has stressed the need for enhanced safety measures, proper implementation, and increased funding to fully realize the potential of CNG while ensuring public safety and trust.

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Legislature

Umahi expresses Frustration over Fixing Nigerian Roads

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Dave Umahi

***Seeks Support for Loans as Budgetary Provisions Fall Short

The Minister of Works, Senator David Umahi, has voiced his deep frustration over the state of Nigeria’s road infrastructure, highlighting inadequate yearly budgetary allocations as a major barrier to progress.
Speaking during the 2025 budget defense session before the Senate Committee on Works in Abuja on Friday, Umahi described the financial constraints as overwhelming. “I’ve succeeded in most of my life’s engagements, but I feel frustrated fixing Nigerian roads with these meagre allocations,” he lamented.
Umahi disclosed that President Bola Tinubu inherited 2,064 road projects valued at N13 trillion, but rising costs have pushed the estimated expenditure to N18 trillion. He noted that the N827 billion allocated for road infrastructure in the 2025 budget is grossly insufficient to address the challenges.
“Roads are critical to economic growth and poverty reduction. They create jobs and drive economic activities. However, fixing these roads cannot be achieved with yearly budget provisions alone,” he explained.
The minister urged Nigerians to support the government’s borrowing initiatives, assuring that the funds would directly impact citizens’ lives by boosting economic activities and reducing hunger.
Senators on the committee, led by Senator Mpigi Barinaga, praised Umahi for his efficient management of scarce resources and supported his call for alternative funding mechanisms. They acknowledged the scale of the work required and admitted that the proposed budget falls far short of what is needed to resolve Nigeria’s road infrastructure crisis.
The session concluded with a shared resolve to explore additional funding options to tackle the nation’s road challenges effectively.

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Legislature

In another rowdy session, Lawmakers Demand Accountability Amidst Budget Defense Chaos

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Heineken Lokpobiri

***Minister Lokpobiri Assures of Reforms, Apologizes for Lapses

The 2025 budget defense session for the petroleum sector took a contentious turn on Friday as the Senate and House of Representatives Joint Committee on Petroleum (Upstream, Midstream, Downstream, and Gas) erupted into disorder. Tensions flared over delays in budget documentation, with lawmakers decrying the Ministry of Petroleum Resources’ perceived lack of preparedness and respect for legislative protocols.

The meeting, chaired by Senator Jarigbe Agom Jarigbe, was already fraught with logistical challenges. The cramped committee room, bursting with lawmakers and ministry officials, became the backdrop for a fiery exchange that highlighted the strained relationship between the legislative and executive branches. Calls to relocate the session to a more accommodating venue went unheeded, adding to the frustration.

Before the session could proceed, Hon. Kelechi Nwogu raised a procedural objection, pointing out the absence of vital budget documents. “We cannot engage in a meaningful discussion without the necessary materials. This undermines the integrity of the process,” Nwogu asserted.

The Minister of State for Petroleum Resources, Senator Heineken Lokpobiri, faced sharp criticism for the disorganization. Hon. Ado Doguwa, Co-Chairman of the Joint Committee, accused the Ministry of fostering an adversarial relationship with the legislature. “Minister, we see you only once a year, and even then, the lack of collaboration is glaring. This is unacceptable,” Doguwa said, his frustration evident.

Lokpobiri, in an attempt to salvage the situation, apologized for the lapses. “Distinguished Senators and Honourable Members, I deeply regret this oversight. It was not intentional. The budget documents are being distributed as we speak,” he said. He assured lawmakers that the Ministry remained committed to supporting legislative oversight and improving future engagements.

However, Lokpobiri’s lighthearted remark that the documents were being delivered in “Ghana Must Go” bags—containing no money—elicited mixed reactions. While some lawmakers chuckled, others viewed it as a diversion from the seriousness of the issue.

Doguwa, accepting the apology, stressed the need for strict adherence to legislative guidelines. “While we appreciate the apology, the late submission of documents is a breach of procedure. This cannot continue. We demand accountability and timely cooperation moving forward,” he said.

The session ultimately ended in stalemate, with lawmakers insisting on postponing the meeting until all necessary documents had been reviewed. The debacle underscores the persistent challenges of executive-legislative coordination in Nigeria’s budgetary process, particularly in critical sectors like petroleum.

As the Joint Committee prepares to reconvene, stakeholders will be watching closely to see if the Ministry of Petroleum Resources can rebuild trust and ensure a smoother process in the future.

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