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HoR: Lawmakers recess extended till September 24
The recess period of the House of Representatives will no longer end on September 17, 2024, as earlier announced, the Spokesman, Rep Akin Rotimi, disclosed on Wednesday.
[email protected] learned that the Clerk, Dr Yahaya Danzaria has also notified members of the House of Representatives of the new date, and they are now expected to return to Abuja on Tuesday, September 24, 2024.
Recall that the Senate and the House of Representatives had announced the decision to break for recess on Tuesday, July 23, 2024, and had also announced plans to end the recess period on Tuesday, September 17.
Spokesman for the House of Representatives, Rep Akin Rotimi, noted in a statement he issued on Wednesday night that during the recess period, lawmakers had carried out outreach programmes peculiar to their constituencies.
‘During the recess period , Honourable Members engaged extensively in constituency outreach across the country, addressing critical issues of concern to constituents and deepening oversight of Ministries, Departments, and Agencies in accordance with functions spelt out in the 1999 Constitution (as amended) and the House Standing Orders,
When we resume, the leadership of the House will inaugurate the new board of the Public Complaints Commission and the Joint Senate/House Ad Hoc Committees on the Petroleum Industry Investigation on Wednesday, September 25, 2024. Further details regarding these activities will be announced during plenary on the day of resumption.
As the 10th Assembly resumes, it will continue to drive its legislative agenda, focusing on impactful reforms aimed at national development and fulfilling its mandate to the Nigerian people’ he submitted.
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FEC approves ₦47.9tn 2025 budget
By Kayode Sanni-Arewa
The Federal Executive Council, FEC, has approved a proposed national budget of ₦47.9 trillion for the 2025 fiscal year.
Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this on Thursday while briefing State House correspondents after the FEC meeting presided over by President Bola Tinubu.
This was part of the Medium-Term Expenditures Framework, MTEF, for 2025 to 2027 and in line with the Fiscal Responsibility Act of 2007.
“And equally, the fiscal objectives were conservative, because we want to ensure that we study the course much as we believe the projections will be exceeded.
“The budget size that was approved for presentation to the National Assembly in the MTEP is ₦47.9 trillion, with new borrowings of ₦9.2 trillion to finance the budget deficit in 2025,” Bagudu said.
“We need to sustain the market deregulation, commendable market deregulation of petroleum prices and exchange rate, and to compel the Nigerian National Petroleum Corporation Limited to lower its oil and gas production cost significantly, and even to consider the need to amend the relevant sections of the petroleum industry act 2021 to address the significant risk to Federation.
“The Federal Executive Council approved the Medium Term Expenditure Framework and the physical strategy paper, and it will be submitted to the National Assembly.
“This is in addition to bills that are already at the National Assembly, the economic stabilization bills and tax reform bills, which we believe we will have a very, very strong growth in 2025.”
During the meeting, the FEC approved its submission to the National Assembly as required by the 2007 Fiscal Responsibility Act.
The framework projected a gross domestic product (GDP) growth rate of 4.6 percent, an exchange rate of $75 to the naira, and oil production of 2.06 million barrels per day. [Channels TV]
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