The Senate granted approval on Thursday for President Bola Tinubu’s request for a loan amounting to $2.2 billion, intended to partially address the ₦9.7 trillion budget deficit projected for the 2024 fiscal year. This decision came after the Chairman of the Senate Committee on Local and Foreign Debts, Aliyu Wamakko, presented a report during the…
Senate Moves To Investigate Cement Producers Over Hike In Prices The Nigerian Senate has decided to investigate the disturbing rise in the cost of cement and other construction materials across the nation. In a plenary session held on Wednesday, February 21, the Red Chamber expressed its intention to conduct the probe in order to identify…
Senate Moves To Increase Nigeria Customs’ Revenue Target The Senate is currently reviewing the Nigeria Customs Service (NCS), with a proposal to increase its revenue target of N5.079 billion from the second half of the year. This measure is being considered to prevent the country from having to borrow more money. During a meeting with…
