National Assembly Postpones Plenary Resumption to February 4
The Senate and House of Representatives have announced the postponement of their plenary resumption, previously scheduled for Tuesday, January 28, 2025. Both legislative chambers will now reconvene on Tuesday, February 4, 2025. In separate statements, the Clerk of the Senate, Andrew Nwoba, and the House of Representatives spokesman, Akin Rotimi, attributed the delay to ongoing […]
National Assembly to Extend 2024 Budget Cycle
The National Assembly is set to extend the 2024 budget cycle, with the 2025 budget expected to be passed by the end of the year. President Bola Tinubu is scheduled to present the N47.9 trillion 2025 budget to a joint session of the National Assembly at 12 pm today. Senate Committee Chairman Osita Izunaso (APC, […]
Tinubu’s 2025 Budget Presentation Rescheduled to December 18
President Bola Tinubu’s N47.9tn 2025 budget presentation to the National Assembly, initially set for Tuesday, December 17, has been postponed to Wednesday, December 18. A source within the National Assembly confirmed the change, with an official announcement expected shortly. Senate President Godswill Akpabio had earlier announced at Thursday’s plenary that the presentation would occur on […]
Tinubu will not present 2025 Budget on Wednesday – National Assembly
The National Assembly has dismissed claims circulating on social media that President Bola Tinubu will present the 2025 budget to a joint session on Wednesday. In a statement on Tuesday, Dr. Ali Umoru, Secretary of Research and Information at the National Assembly, labeled the reports as false and urged the public to disregard them. “The […]
FG to Implement 15% VAT on Luxury Goods
Finance Minister and Coordinating Minister of the Economy, Mr. Wale Edun, has announced that the federal government will impose a 15 percent Value Added Tax (VAT) on luxury goods, noting that the full removal of fuel subsidies took effect in September 2024. Speaking at the IMF/World Bank Annual Meetings in Washington DC, he explained that […]
National Assembly Revives Push for 5% Excise Duty on Telecoms, Gaming, and Betting Services in Nigeria
Despite the previous exemption for the telecom sector from the 5% excise duty approved by former President Muhammadu Buhari, the National Assembly has revived efforts to implement it. They have proposed a 5% excise duty on telecommunications services, gaming, betting, and lottery activities throughout Nigeria. On July 6, 2023, President Bola Tinubu signed four executive […]
Gbenga Adeyinka: Obi and Sowore should be running for National Assembly seats instead of running for president.
Young presidential candidates in the 2023 election have been advised to run for Senate and House of Representatives seats by Nigerian comedian and entertainment specialist Gbenga Adeyinka. Adeyinka urged for youthful candidates, including Kingsley Moghalu, Omoyele Sowore of the African Action Congress, and Peter Obi of the Labour Party, to represent the National Assembly and […]