This latest announcement by the National Assembly leadership contradicts the earlier date the House of Representatives set for the passage of the budget.
Browsing: Hon. Yakubu Dogara
Mkpoikana Udoma 11 April 2018, Sweetcrude, Port Harcourt – The Speaker, House of Representatives, Hon. Yakubu Dogara, has promised a speedy…
The action by the members is coming on the heels of the face off between the House of Representatives and the Minister of Mines and Steel Development (MMSD), Dr. Kayode Fayemi, and his junior minister, Hon. Abubakar Bawa Bwari.
Dogara disclosed further that both the Senate and the House of Representatives have agreed that the budget will be presented on April 19 and passed on April 24.
The deadline to Nigeria to separate its National Financial Intelligence Unit from the EFCC lapsed on Sunday, without Nigeria signing a law that would have done so. The likely outcome of the meeting will be Nigeria’s expulsion from the group.
“The accrued interests due to the Federal Government to the tune of N2 billion and $3.8 million were alleged to have been diverted by those banks in collaboration with officials of the Central Bank of Nigeria,” Onyema said.
Ahead of its meeting in Buenos Aires, Argentina, between March 11 and March 16, Nigeria is expected to make NFIU independent in order to avoid expulsion.
The intervention of the leadership of the National Assembly came ahead of the Egmont Group’s next meeting which is scheduled to hold on March 12. At the meeting, it would be determined whether Nigeria has complied with the requirements to warrant the lifting of its suspension.
Akabueze explained that when an agreement had been reached on the new minimum wage, the financial implications would be worked out and a supplementary budget would be prepared for its implementation.
“The solution is to refine crude locally and end this shame once and for all. The final solution will be to refine this crude, put it in the filing station and say bye to fuel scarcity,” he said.