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Senate moves to amend finance act to take care of over N11.03trillion budget deficit

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***As senate may shift resumption over chamber renovation

In its bid to contain the debacle of N11.03tr deficit in the N19.76trillion proposed 2023 budget the senate has muted the plan to amend some relevant provisions of the Finance Act.

Chairman, Senate Committee on General Services, Senator Sani Musa (APC) Niger East), made the disclosure on Friday.
According to him the amendment of the Finance Act by the National Assembly will make the various revenue generating agencies to double or triple targets earlier given them towards reducing the size of proposed budget deficit .
Senator Musa who spoke to journalists on Friday at the frontage of temporary chamber being put in place for Senators in view of ongoing renovation work at the main Chambers implied the Tuesday resumption will depend on how proper the temporary chamber is put in place.

“The budget of this country, have been in deficit and the only thing we can do is to amend so many things in the Finance Act, so that we can generate more revenues from other sources rather than depending solely on oil and by extension, reduce the size of proposed budget deficit.

“By now the temporary chambers should have been ready knowing that we are resuming, initially we were billed to resume on the 20th of this month but there are some little things that needs to be done before then.

“But I can assure the general public that this will be done in the shortest time and we are going to resume to receive Mr President to present the 2023 Budget.
“You will recall that the 9th Senate has done very well, because this edifice since it was built, has never been rehabilitated, we are refurbishing it, bringing it back to standard like any other parliament you see around the world.
“The FCT that is doing this Job, have been up and doing, but we need to push, they need to do more so that we will be able to resume as quick as possible”.
Commenting further on the general renovation work going on at the National Assembly, Senator Musa said it was an over due project and very necessary in making the National Assembly particularly the Hallow Chambers, to meet up with global standard.
“It is a great achievement for us that we are renovating the National Assembly complex that has been built over 20 years.
“That we read from the newspapers that NASS leadership has not done anything on the licking roof, is not true.
“This edifice is suppose to be managed and taken care of by the FCT, because it is their property, but now we have taken it as a responsibility on us to make sure we renovate it.
“I’m sure that by the time the renovation of the National Assembly chambers is completed, other African countries will come to see and make Nigeria as a case study and see how we have improved on parliamentary infrastructure”, he added .
The Senate had through its committee on Finance during interface with the Minister of Finance, Budget and National Planning, Mrs Zainab Ahmed, kicked against the proposed N11.03trillion deficit in the proposed N19.76trillion 2023 Budget .
Senator Olamilekan Adeola (APC Lagos West), who chairs the committee, told heads of revenue generating agencies at different times, to think out of the box in generating more revenue for the country in the coming fiscal year, for the purposes of reducing proposed deficit size and loan collections for budget financing .

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Legislature

NASS modifies NDLEA Act, Prescribes Life Imprisonment for Drug Traffickers

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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.

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Legislature

President Tinubu urges Senate to approve ₦1.767trn External Loan

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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

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Legislature

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

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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.

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