Tag: Senate

  • Senate wants 10% allocation of annual budget revenue to agriculture

    Senate wants 10% allocation of annual budget revenue to agriculture

    The Nigerian Senate has urged the executive to ensure allocation of at least 10 per cent of total annual budget revenue to agricultural production.

    Chairman, Senate Committee on Agriculture Production, Services and Rural Development, Sen. Salihu Mustapha (APC-Kwara) made the call in Abuja on Monday, at the joint budget defence session of  the Ministry of Agriculture and Food Security.

    Mustapha said  the senate and house committees on agriculture production,
    services and rural development were concerned about the challenges facing the agricultural sector.

    He, however, said that despite the challenges, the sector remained the largest contributor to the nation’s Gross Domestic Product (GDP) from non-oil sector with over 20 per cent.

    He decried that the budget allocation to the sector remained a far cry from the 10 per cent of the nation’s budget in accordance with the Maputo declaration, to which Nigeria had committed to.

    “The agricultural sector has the largest potential to lead millions of Nigerians out of poverty and provide the much needed food security.

    “It is, therefore,  imperative that the sector should be given the utmost priority in national economic policies and future budgets.

    “I, therefore,  call on the executive to exercise the political will to allocate at least 10 per cent of the national budgets and revenues to the agriculture sector,” Mustapha said.

    He said the budget defence process was not only important but also sacrosanct.

    He said both chambers of the 10th assembly had demonstrated readiness and commitment to work together in order to pass the 2024 Budget in good and desirable time.

    Mustapha commended the  efforts of President Bola Tinubu and the executive for its desire, to revert to Jan. to Dec budget cycle.

    This, he said,  would enable the Federal Government to provide the laudable objectives of physical infrastructure and socio economic services to our people.

    “By this commendable effort, both the public and the private sectors will benefit from a budget cycle that is not only reliable but also predictable for planning and execution of their fiscal and financial policies and programmes.”

    He assured of the committee’s willingness and commitment to treat the budget process with the  sense of urgency and responsibility it deserved.

    The Minister of Agriculture and Food Security,  Sen. Abubakar Kyari listed the ministry’s achievement in 2023 to include procurement and distribution of 324,718 kilograms of certified maize seeds to farmers clusters in the six geopolitical zones of the country.

    Kyari said the ministry distributed 2,300 tomato  production, pests and diseases management packs to 2,300 resourced poor smallholder tomato farmers in 10 tomato producing states affected by Tuta Absoluta in 2022 dry season production.

    He listed the states to include Kano, Jigawa, Kaduna, Katsina, Borno, Gombe, Bauchi, Plateau, Nasarawa and Benue.

    He also listed establishment of Rubber Rural Resource Centres (RRRC) with processing technology with a capacity of 1.85,  including installation and training of farmers clusters in Ogun .

    “Procured 3,000,000 doses of Anthrax Spore Vaccine for the prevention and control of Anthrax in Nigeria, conducted disease surveillance and investigation for trans-boundary animals and zoonotic diseases such as Anthrax, Avian Influenza, Rabies, Bovine Tuberculosis and African swine fever.”

    He said the ministry registered over 2,351 fertilizer operators across the country using the National Fertilizer Management e-portal platform which generated direct and indirect employment over the years.

    Read Also: Former Senate president Lawan lauds Akpabio at 61

    Kyari, however, decried inadequate budgetary provisions to execute critical projects and programmes that would stimulate national agricultural production.

    According to him, less than two per cent of the national budget was committed to agriculture as against 10 per cent agreed by Africa Heads of State at the Maputo declaration.

    He also decried inadequate overhead costs allocation to the ministry to meet its operational needs.

    According to him, effect of climate change and unprecedented flooding in most parts of the country, has greatly interfered with agricultural activities in most agrarian communities.

    (NAN)

  • Senate, House ‘ready to pass Budget 2024 before Dec 31’

    Senate, House ‘ready to pass Budget 2024 before Dec 31’

    • Fed lawmakers invite ministers, heads of agencies, security chiefs, others

    The National Assembly has laid out plans to meet the December 31 target for the passage and signing of the 2024 Appropriation Bill in line with President Bola Ahmed Tinubu’s request.

    President Tinubu, while presenting the bill and laying the budget on Wednesday, urged the lawmakers to give it speedy passage to ensure the continuation of the January to December financial cycle.

    Ministers, heads of departments and agencies, security chiefs and chief executive officers of institutions to which funding is appropriated have been summoned by the lawmakers for a parley tomorrow on how to achieve the target.

    The meeting will set the template for the process to pass the N27.6 trillion Budget of Renewed Hope.

    Chairman of the Senate Appropriation, Solomon Olamilekan Adeola, told The Nation last night that a no-nonsense approach will be adopted.

    He warned that heads of ministries, departments and agencies (MDAs) who fail to defend their votes would run on zero allocation next year.

    The Senate committee chairman said the plan for speedy passage of the budget will be threatened should the executive introduce a fresh request.

    Senator Adeola said: “We are sitting as a joint committee (Senate and House of Representatives) and what this means is that only one report will come from the Appropriation Committee.

    “Unlike in the past when we had to sit together for harmonisation and concurrence, what we will have from the joint committees is the harmonised report. This will save considerable time.

    “What we don’t expect from the Executive is the introduction of a new item that had not been accommodated in the budget that is already with us for consideration.

    “The strategies we have adopted will make the deadline achievable.

    “President Tinubu himself is aware of the exigency of time and he has warned his ministers and heads of MDAs to cooperate with us.

    Read Also: Commonwealth, Fed Govt open talks on deep sea mining

    “We believe that nobody from the executive arm of government will flout the directive on this.

    “If any agency fails to defend its vote, nothing will be appropriated for such agency for next year.

    “We need maximum cooperation from the heads of the MDAs to achieve the set target.

    “Any minister who fails to honour our invitation will operate on zero allocation next year.

    “So, we are putting a lot of sacrifice into the task to deliver the budget on schedule. This is the only way to sustain the January – December budget cycle.”

    Expected at tomorrow’s one-day retreat are members of the Senate standing committees and their House of Representatives counterparts.

    A source said: “They are going to have something like a retreat on Tuesday, to be attended by all Senate and House of Representatives committee chairmen and all heads of MDAs.

    “The planned retreat by the Senate Committee on Appropriations will enable an interaction on the quick passage of the budget before the National Assembly goes on recess for the Yuletide.”

    According to the notice of invitation signed by Adeola, Dr. Ayo Teriba has been invited to speak as a guest lecturer.

    The economist is to speak on how to get improved outcomes from the 2024 budget, it was learnt.

    On the invitation list are chief executives and heads of MDAs; Service chiefs (Army, Navy and Air Force); Inspector-General of Police (IGP); Commandant-General of the Nigeria Security and Civil Defence Corps (NSCDC); and Comptrollers-General of the Nigeria Customs Service (NCS) and Nigeria Immigration Service (NIS).

    Others are royal fathers, heads of Non-Governmental Organisations (NGOs) and Community Development Associations (CDAs).

  • Senate to FG: block allocations to unelected LG councils

    Senate to FG: block allocations to unelected LG councils

    • Lawmakers tell Alia to restore sacked Benue councils

    • Upper chamber passes 2024 Appropriation Bill for Second Reading; House also

    • Okays N61.5b FCT 2023 supplementary budget

    • Adjourns to December 12 for defence

    The Senate yesterday urged the Federal Government to withhold statutory allocations of local councils areas not democratically elected.

    The resolution followed the adoption of prayer sought to that effect in a motion sponsored by Senator Abba Moro (PDP Benue South).

    Senator Abba Moro in the motion titled: ” Urgent need to halt the erosion of democracy: the dissolution of elected councils in Benue State” expressed dismay over the dissolution of democratically elected councils in Benue state and replacing them with caretaker committees.

    He said the placing of caretaker committees to replace elected councils was an aberration and alien to the 1999 Constitution of the Federal Republic of Nigeria (as amended).

    He buttressed his argument with Section One of the 1999 Constitution of the Federal Republic of Nigeria (as amended), which prescribes democratically elected councils as a system of local government in Nigeria .

    According to him, it was the constitutional responsibility of every state to ensure the existence of local government councils by law.

    He added that “there are subsisting court rulings directing the governor, the House of Assembly, their agents, privies, among others not to tamper with the tenure of the elected councils.”

    He noted that since the governor and government of Benue State have not appealed the judgments, dissolution of the 23 local government councils in the state, was against the rule of law.

    Senator Victor Umeh ( LP Anambra Central), who seconded the motion said Section seven of the 1999 Constitution (as amended) guarantees that there shall be democratically elected officials of the local government areas.

    Read Also; FG restates commitment to end HIV/AIDS by 2030, unveils national strategy

    He insisted that emasculation of elected local government officials and replacing them with a caretaker committee with intent of taking over their funds from the Federation Account was a violation of the constitution.

    Senators Adams Oshiomhole (APC Edo North) , Ali Ndume ( APC Borno South) , Abdulfatai Buhari (( APC Oyo North) also supported the motion .

     Senate President, Godswill Akpabio, said it was worrisome that the current scenario was happening in a state controlled by the All Progressives Congress (APC), saying that the party should avoid such practice.

    He said as governor, he conducted local government elections twice, suggesting that the nation could look in the direction of saddling the responsibility of conducting election of local government areas to a designated body established by law.

    Meanwhile the Senate yesterday passed for second reading the 2024 Appropriation Bill laid before the two chambers of the National Assembly by President Bola Tinubu on Tuesday.

    The Deputy Senate President, Jibrin Barau, who presided over the plenary, said the lawmakers would reconvene on December 12.

    He said the Committee on Appropriation, chaired by Senator Solomon Adeola, would begin work immediately by drawing a timetable for other committees to interact with agencies under their supervision.

    Barau said the Senate would receive the report of the appropriation panel on December 19.

    By the arrangement, the consideration of the appropriation panel report may be considered and passed the same day with the Senate likely to adjourn for the Christmas and New Year break immediately.

    In their various contributions during the debate on the general principles of the budget, the lawmakers stressed the need to ensure adequate provision for the security, health, education and infrastructure were duly provided for in the N27.5trn budget size.

    A former Senate President, Senator Ahmad Lawan, and other lawmakers in their contributions said attention should be focused on insecurity and power.

    Lawan said the power sector should be properly handled in the budget by providing data support for power.

    He said, “The last National Assembly passed the Power Sector Reform Bill at its twilight and it was assented to by former President Muhammadu Buhari.

    “The power sector reform would give the necessary energy we need through a public-private participation to make power available for our economy to provide growth and development.”

    Ruling on the submissions of the lawmakers during the debate, Barau said all the aspects spoken on by his colleagues had been adequately taken care of by the 2024 Appropriation Bill.

    He said the budget has addressed the areas of security where the president noted that defence and security has been accorded very top priority.

    His words: “President Tinubu specifically said the internal security architecture would be overhauled to enhance law enforcement capabilities as guidelines to support our investment across the country.

    “The President has placed a very important premium on the issue of security.”

    Barau emphasised the importance of the power sector saying without power, other sectors would not perform optimally.

    He urged all the chairmen of committees to factor in all issues raised by the senators in their various reports to the Committee on Appropriation.

    However,  before it adjourned plenary, the Senate passed the N61, 553, 778, 259.93bn FCT 2023 supplementary budget after endorsing the joint report of the Senate committee on FCT and the House of Representatives Committee.

    During his separate presentation before the National Assembly committees on FCT on Wednesday, the FCT Minister, said that the amount was required to complete projects that will have direct impact on Abuja residents in the first one year of President Bola Tinubu in office.

    He said the budget revenue sources will be inflows from Paris Club Refund, Payee Tax Liabilities, Special Intervention Funds (palliatives), Internally Generated Revenue and the Infrastructure Support Fund.

    The breakdown of the budget revealed that that Paris Club Refund supplementary revenue stand at N25,790.082,458, Refund of IPPIS/PAYE N14,320,372,647.53, Special Intervention Fund (palliative) N5,000,000,000.00, IGR N9,443,323, 154.00 and Infrastructure support fund which stand at 7,000,000,000.00

    House passes N27.5tr appropriation bill for second reading

    The House of Representatives, yesterday, passed the N27.5 trillion Appropriation Bill for 2024 submitted by President Bola Tinubu for a second reading.

    The Appropriation Bill titled, ‘A Bill for an Act to Authorise the issue from the Consolidated Revenue Fund of the Federation’ is for the total sum of N27,503,404,073,861 (twenty seven trillion, five hundred and three billion, four hundred and four million, seventy-three thousand, eight hundred and sixty-one Naira) only, of which N1,376,352,359,690, 00 (one trillion. three hundred and seventy-six billion, three hundred and fifty-two million, three hundred and fifty-nine thousand, six hundred and ninety Naira) only is for Statutory Transfers, N8,490,960,606,831 (eight trillion, four hundred and ninety billion, nine hundred and sixty million, six hundred and six thousand, eight hundred and thirty-one Naira) only is for Debt Service, N9,918,248,229,600 (nine trillion, nine hundred and eighteen billion, two hundred and forty-eight thousand, two hundred and twenty-nine thousand, six hundred Naira) only is for Recurrent (Non-Debt) Expenditure while the sum of N7,717,842,877,740 (seven trillion, seven hundred and seventeen billion, eight hundred and forty-two million, eight hundred and seventy-seven thousand, seven hundred and forty Naira) only is for contribution to the Development Fund for Capital Expenditure for the year ending on 31 December, 2024 (HB.1027)”

    The Bill, described as people friendly, was robustly debated by the lawmakers who mostly commended the President for the emphasis on security, health and education among other critical areas of development.

    They emphasized effective oversight to ensure a proper implementation of the budget for a better life for Nigerians.

    Some of them, however, expressed reservation over certain projections, for instance meeting up the production of 1.7 million barrels of crude oil per day against present economic realities.

    Hon Kafilat Ogara from Lagos State described the budget as a people-centric budget. She commended it for its emphasis on security, education, human capital development, public, private partnership, revenue automation and transparency and accountability.

    She said achieving a successful implementation would require the efforts of all Nigerians and urged other lawmakers to ensure funds given to agencies of government are judiciously used.

    Hon Clement Jimbo from Akwa Ibom State noted that the budget was based on the National Development Plan for 2021 to 2025, but regretted that the National Planning Commission is moribund. He advised that  if the budget is to renew the hope of Nigerians, the NPC must be restructured and put to effective use.

    Hon Victor Nwoloko from Delta State argued that the efforts to address the problem of insecurity would be futile if the problem of electricity in the country is not addressed. He said if the provision of proper security for the country is to be tackled the issue of power has to be tackled headlong.

    Hon Blessing Amadi from Rivers State urged the legislators to be diligent in oversight to ensure agencies stick to the provisions of the budget.

    Hon Fred Agedi from Bayelsa State said the budget did not have much consideration for people from the riverine areas, especially in terms of transportation. He complained that they were being neglected by the budget. He said since the removal of the subsidy life has become more unbearable for his constituents. He said the budget should be fine-tuned to connect with the needs of the people at all levels.

    Hon Muktyar Chawai from Kaduna State urged that besides improving security to help the economy of the country, the solid minerals sector should also be given priority.

    Hon Ginger Obinna from Abia State was concerned that the budget did not adequately appropriate for education to meet UNESCO’s recommendations. He also said the health budget was inadequate especially against the experience of COVID-19.

    Several other lawmakers who spoke continued to emphasize the need for security and the need to ensure oversight is diligently carried out.

    The Bill was referred to the House Committee on Appropriation by the Speaker, Tajudeen Abbas for further legislative action

    The House adjourned plenary till December 12 to enable various agencies of the Federal Government appear before relevant committees to defend their budgets from next week.

  • National security: Senate pledges support for military

    National security: Senate pledges support for military

    The Senate on Thursday, November 30, pledged its readiness to support the Nigerian military to achieve its set goals of providing national security.

    President of the Senate, Godswill Akpabio, gave the assurance when he received the management of the National Defence College (NDC), led by its Commandant, Rear Admiral Muyiwa Olotu, in his office on Thursday.

    A statement by the special assistant media to the president of the Senate, Jackson Udom, quoted the former Governor of Akwa Ibom state, to have said: “The 10th Senate under my leadership will, at all times, support our soldiers to achieve national peace and security.

    “We will take up your request for the completion of your Administrative Block at the permanent site with the Chief of Defence Staff and be rest assured that something positive will be done about your request.”

    He added: “We are very proud of the contributions of your men in keeping this country safe, even at the risk of paying the supreme price. Through your commitment, insecurity has been reduced to a controlled level. The President Tinubu-led administration’s commitment to the welfare and care of our soldiers and their families is very paramount.

    “I thank the President and Commander-In-Chief of Nigeria’s Armed Forces, Senator Bola Tinubu and the armed forces for having the trust in you to occupy this sensitive office of the Commandant of the NDC.

    Read Also: Senate passes N57b Police Trust Fund budget

    “On behalf of the 10th Senate, let me assure you that you shall never work alone in your determination to make this country safe for all of us. I thank you for your service to Nigerians. Thank you for extending your training services to staff of the National Assembly, particularly our Sergeant-At-Arms.”

     In his brief remarks, the Chairman, of the Senate Committee on Inter-Parliamentary Matters, Jimoh Ibrahim, charged the leadership of the NDC, to be more concerned about local security.

    He noted that National security shouldn’t be the focus, rather individual security should take preeminence in the fight against insurgency.

    Earlier, the Commandant, Olotu, who attended the Federal Government College, Port Harcourt, just as the President of the Senate, thanked him for instilling in him then, that virtue of discipline as their General Senior Prefect, which has seen him rise to the position of a Rear Admiral in the Nigerian Military.

    He said: “I am here with the management team of the National Defence College to formally congratulate a friend, brother and grand patron of the NDC. A bridge-builder, my leader at the Federal Government College Port Harcourt, who helped to nurture me to become the man and the Admiral I am today.

    “The NDC is not a new institution to the President of the Senate. He has been our Guest Speaker and a revered recipient of our award.

    “The NDC as currently constituted is prepared to carry out research into every aspect of our national endeavour and we do not lack the needed manpower to carry it out. We are delving into the area of Artificial Intelligence and alternative sources of power to reduce the cost of running the College.

    “Our major constraint, however, is our movement to our permanent site due to paucity of funds and that is also why we are here to solicit assistance from the National Assembly to enable us to complete the administrative block.”

  • Senate passes N57b Police Trust Fund budget

    Senate passes N57b Police Trust Fund budget

    • Bill establishing Fed Varsity of Tech at Iyin-Ekiti passed
    • Upper Chamber okays Olaopa as FCSC chairman, 11 others as members

    The Senate yesterday passed N57,014,287,532.00 as this year’s budget of the Nigeria Police Trust Fund.

    Of the amount, the Capital Expenditure is N47,024,803,541.18 while the Total Recurrent Expenditure is N9,989,483,990.00.

    The passage of the 2023 NPTF budget followed the consideration and adoption of the report of the Senate and House of Representatives Joint Committees on Police Affairs on this year’s budget proposal of the Nigeria Police Trust Fund by the Senate.

    The Chairman of the Senate Committee on Police Affairs, Ahmed Mallam-Madori, presented the report on the floor during plenary.

    The joint committee said: “This is the fourth budget of the NPTF since its inception in 2019.

    “That the NPTF is currently carrying on with the implementation of its 2022 approved budget.

    “That the 2023 accrued revenue of the NPTF is as follows: 0.5 per cent of total revenue accrued to the Federation Accounts amounting to N56,205,355,774.00, while 0.05 per cent of the net profit of companies in Nigeria is N308,931,758,00; and Aids, Grants and Donations generated the sum of N500,000,000.00.”

    Also, the Senate has passed a Bill for the establishment of the Federal University of Technology and Environmental Sciences at Iyin, in Ekiti State.

    This followed the consideration and adoption of the report of Senate Committee on Tertiary Institutions and the Tertiary Education Trust Fund (TETFund) yesterday at plenary.

    The report was presented by Mohammmed Muntari (APC, Katsina).

    In his lead debate, Muntari recalled that the Senate at plenary on October 26 debated the general principles of the Bill for an Act to provide for the establishment of the university, which was sponsored by Senate Leader Opeyemi Bamidele (APC, Ekiti).

    Muntari said the Bill sought to provide a legislative framework to support the establishment of the university.

    Read Also: Senate passes bill establishing Federal University of Technology, Iyin Ekiti

    The lawmaker said the school was designed to develop and offer academic and professional programmes leading to the award of diplomas, first degrees, postgraduate research and higher degrees.

    Also, the Senate yesterday confirmed the nomination of Professor Tunji Olaopa for appointment as the Chairman of the Federal Civil Service Commission (FCSC).

    The Red Chamber’s resolution followed its consideration of the report of screening the nominee and approval of the recommendations of its Committee on Establishment and Public Service Matters at plenary.

    Committee Chairman Oluwole Fasuyi Cyril presented the report.

    The Senate also confirmed for appointment as members of the FCSC are: Dr. Daudu Ibrahim Jalo, member representing Adamawa/Gombe/Taraba; Obot Ededet Eyoma (representing Akwa Ibom/Cross River), Dr. Chamberlain Nwele (representing Anambra/Ebonyi/Enugu) and Mr. Rufus Godwins (representing Rivers/Delta/Bayelsa).

    Others are: Dr. Adamu Hussein (Niger/FCT), Mr. Aminu Nabegu (Jigawa/Kano), Ms. Hindatu Abdullahi (Kaduna/Katsina), Mr. Shehu Aliyu (Kebbi/Sokoto/Zamfara), Ms. Odekunle Rukiyat Aduke (Kogi/Kwara), Princess Sarah Adebisi Sosan (Lagos/Ogun) and Dr. Festus Oyebade (Osun/Oyo).

    In his remarks after the confirmation, Senate President Godswill Akpabio thanked the committee for doing a painstaking and wonderful job and wished the nominees a patriotic service to their fatherland.

  • Senate passes bill establishing Federal University of Technology, Iyin Ekiti

    Senate passes bill establishing Federal University of Technology, Iyin Ekiti

    The Senate has passed a bill for establishment of the Federal University of Technology and Environmental Sciences lyin, in Ekiti.

    The passage of the bill followed  consideration and adoption of report of Senate Committee on Tertiary Institutions and TETFUND at plenary on Tuesday.

    The report was presented by Sen. Mohammmed Muntari (APC -Katsina).

    Muntari in his lead debate,  said Senate had at plenary on Oct. 26, debated on the general principles of the bill for an act to provide for the establishment of  the university.

    He said the bill was sponsored by Sen. Bamidele Opeyemi (APC- Ekiti).

    He said the bill sought to provide a legislative framework to support establishment of the university.

    Muntari said the school was designed to develop and offer academic and professional programmes leading to the award of diplomas, first degrees, postgraduate research and higher degrees.

    According to him, the degrees to be  awarded lay emphasis on environmental and technological skills and allied professional disciplines.

    Read Also: Senate confirms Olaopa as FCSC chairman, 11 others as members

    This, he said, was aimed at producing socially mature persons with the capacity to improve on the disciplines and develop new ones.

    Muntari said the university  would act as an agent and catalyst for national development through technological innovation for effective and economic utilization of the nation’s economic and human resources.

    According to him, the committee engaged with relevant stakeholders, who expressed their views on the merits and demerits of the bill for an act to establish the university.

    He said their views were in consonance with the Legislative Agenda of  the 10th senate.

    According to Muntari, the stakeholders and all the participants unanimously agreed on the intendiments of the bill.

    He said the stakeholders believed that the establishment of the proposed university  would bring socio-economic growth through development of the region and would encourage prospective youths to take advantage of the proximity of the institution to get educated.

    Muntari said it was the views of stakeholders that the passage of the bill would no doubt give the people of the region a sense of belonging as it would be seen as one of the dividends of democracy.(NAN)

  • Senate passes N57bn Police Trust Fund 2023 budget

    Senate passes N57bn Police Trust Fund 2023 budget

    The Senate on Tuesday, November 28, passed the sum of N57,014,287,532.00 as the 2023 budget of the Nigeria Police Trust Fund.

    Out of the amount, capital expenditure is to gulp n47,024,803,541.18 while total recurrent expenditure of N9,989,483,990.00.

    The passage of the 2023 NPTF budget followed the consideration and adoption of the report of the Senate and House of Representatives joint Committees on Police Affairs on the 2023 budget proposal of the Nigeria Police Trust Fund by the Senate.

    The chairman of the Senate Committee on Police Affairs, Senator Ahmed Mallam-Madori, presented the report on the floor during plenary.

    Read Also: Senate confirms Olaopa as FCSC chairman, 11 others as members

    The Joint Committee in its report observed: “This is the fourth budget of the NPTF since its inception in 2019.

    “That the NPTF is currently carrying on with the implementation of its 2022 approved budget.

    “That the 2023 accrued revenue of the NPTF is as follows: 0.5% of total revenue accrued to the Federation Accounts amounting to N56,205,355,774.00

    “0.05% of the net profit of companies in Nigeria is N308,931,758,00; Aids, Grants, and Donations generated the sum of N500,000,000.00.”

  • Senate passes Bitumen Agency Bill for second reading

    Senate passes Bitumen Agency Bill for second reading

    A Bill seeking to establish an agency for the development of Bitumen in Nigeria scaled second reading at the Senate yesterday.

    The Bill, titled: “Bitumen Development Commission of Nigeria (Establishment) Bill, 2023,” was sponsored by Senator Jimoh Ibrahim (APC, Ondo South).

    In his lead debate, Ibrahim said the Bill, among other reasons, seeks to restrict the activities of the commission to its regulatory and coordinating functions, specifically as it relates to the Development of Bitumen in Nigeria.

    “The global in-place Bitumen and heavy oil resources are estimated to be 5.9 trillion barrels (938 billion m3); more than 80% of these resources are found in Canada, USA, Venezuela and Nigeria,” he said.

    The senator listed the objectives of the Bill to include: “The need to develop a legal framework for the regulation of the Bitumen development in Nigeria.

    “To prevent unconventional sources from taking advantage of research-enhanced applications over other competitors.

    Read Also: Senate passes Bitumen agency Bill for second reading

    “To lead innovation and resource-based strategy in the development of Bitumen in Nigeria.

    “To ensure effective utilisation of over 38 billion reserve of Bitumen in Nigeria.

    “To promote economic diversification policy of the Federal Government.”

    The Bill, if passed, Ibrahim said, would provide “clarity on the regulatory functions of the Bitumen Development Commission of Nigeria in ensuring that Bitumen Development in Nigeria conforms with international best practices”.

    When the matter was put to voice vote by Senate President Godswill Akpabio, majority of the senators supported the Bill and approved it.

    The Senate President referred the Bill to the Committee on Solid Minerals and Steel Development for further legislative work and to report back to plenary in two weeks.

  • Senate passes Bitumen agency Bill for second reading

    Senate passes Bitumen agency Bill for second reading

    A Bill seeking to establish an agency for the development of Bitumen in Nigeria scaled second reading in the Senate on Thursday, November 23.

    The Bill titled: “Bitumen Development Commission of Nigeria (Establishment) Bill, 2023” was sponsored by Senator Jimoh Ibrahim (APC-Ondo South).

    Jimoh in his lead debate, said the Bill among other reasons, seeks to restrict the activities of the Commission to its regulatory and coordinating functions specifically as it relates to the Development of Bitumen in Nigeria.

    He said: “The global in-place Bitumen and heavy oil resources are estimated to be 5.9 trillion barrels (938 billion m3); more than 80% of these resources are found in Canada, USA, Venezuela and Nigeria.”

    Read Also: It was meant to break me but God showed up – Tiwa Savage

    He listed the objectives of the Bill to include: “The need to develop a legal framework for the regulation of the Bitumen development in Nigeria; to prevent unconventional sources from taking advantage of research-enhanced applications over other competitors; to lead innovation and resource-based strategy in the development of Bitumen in Nigeria; to ensure effective utilisation of over 38 billion reserves of Bitumen in Nigeria; and to promote economic diversification policy of the Federal Government.”

    The Bill, if passed, according to him, would provide “clarity on the regulatory functions of the Bitumen Development Commission of Nigeria in ensuring that Bitumen Development in Nigeria conforms to international best practices.”

    Senators in their contribution supported the Bill and approved that it be read for a second time when it was put to voice vote by Senate President Godswill Akpabio.

    Akpabio thereafter referred the Bill to the Senate Committee on Solid Minerals and Steel Development for further legislative work and to report back to plenary in two weeks.

  • Senate blows hot over N12tr TAM of refineries

    Senate blows hot over N12tr TAM of refineries

    The Senate yesterday threatened to sack and equally jail the Group Managing Director of Nigerian National Petroleum Company Limited (NNPCL), Mele Kyari and other top executive officers of petroleum subsidiaries.

    The Senate specifically threatened to sack the executive officers whose agencies were involved the Turn Around Maitanance (TAM) projects of Nigerian refineries.

    The Senate noted that from 2010 till date, over N12 trillion has been spent on TAM. The Senate also said that it has records of over $592 million, €4.8 million and £3.4 million spent between 2010 till date on TAM, yet none of the refineries is working.

    The Chairman of the Senate Ad-hoc Committee investigating the various Turn Around Maintenance (TAM) projects of Nigerian Refineries, Senator Isah Jibrin, made the threats following the failure of Kyari and other chief executive officers of its subsidiaries to attend an interactive session organized by the panel.

    Some of the agencies invited whose chief executive officers failed to turn up at the session but sent representatives include the Nigerian National Petroleum Company Limited (NNPCL), Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and others.

    Senator Jibrin (APC – Kogi East), noted that so much has been heard on the TAM of refineries and so much have been spent on operational materials on the refineries that are not working.

    He said that the Senate want to find solutions to all the leakages, as there are a lot of them.

    “We will ask for refund and dismissal of all the chief executives involved in the Turn Around Maintenance,” he declared.

    Senator Jibrin said that for weeks, they have been asking for documents, which have not been given by the oil companies, a development that created suspicion.

    “We sent them invitation more than two weeks ago requesting for documents and the documents have not been released after two weeks. So, we want the chief executives to be present.

    “More worrisome is between 2010 and 2020, the sum of N4.8 trillion was said to have been spent as operational expenses.

    “How do you incure operational expenses that have to do with purchase of raw materials and similar expenses on factories that are moribund? How do we come about operational expenses? We need to know.

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    “These are issues that Nigerians want to know; they want solutions to all these leakages. We know they are leakages. Whether you accept it or not they are leakages and they are all forms of compromise within your various establishments.

    “We know and we will not hesitate to escalate it to the highest possible level, including possibility of refund and outright dismissal of some of the heads of some of these agencies and possibly go to jail,” he said.

    Also speaking, Senator Yahaya Abdullahi said that NNPCL and management of other agencies, who came to represent their bosses, should be sent back to tell their Chief Executives that they should appear in person rather than send representatives.

    Senator Sumaila Kawu said that they know the modus operadi of the civil service, adding, “We are not in the Senate for personal functions. We are representing the entire legislators. You in the civil service, we know how you are operating.

    “We are in a very serious business. At the end, you will be at the receiving end. Nigerians are not satisfied with what you are doing and you will be at the receiving end.

    “We are independent. We can go to any length to defend our people. It is the constitution that  established you. So, we must agree how to operate.

    “We will suspend this interaction until when you are ready. We have 100 ways through which we can achieve our legislative work. We just wanted to give you fair hearing and you must respect the constitution.”

    Senator Danjuma Goje, who asked them whether they are the heads of the agencies, added that the panel will only deal with heads or Chief Executives and not people who have been sent.

    “We will have to agree on new dates for the submission of the documents both hard copies and soft copies and a date for meeting where the Chief Executive must appear,” he said.

    They were, however, given till Tuesday to submit the documents before the meeting with the Chief Executive.