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Restored budget cycle has boosted investors’ confidence in Nigeria, says Lawan

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As Senate President bags Awards for Good Governance and Budget Cycle Restoration
President of the Senate, Ahmad Lawan, has said that the restoration of Nigeria’s budget cycle to the January to December timeline has resulted in increased predictability of the country’s fiscal plans as well as boosted the confidence of local and foreign investors.
The Senate President explained that an unpredictable Budget sequence was unacceptable for a nation in dire need of development, a situation which made it imperative for the ninth Assembly to correct the anomaly in accordance with the constitution.
He said for the first time since the fourth republic, Nigeria’s budget recorded 100 percent implementation level in the year 2020 by the federal government under the President Muhammadu Buhari administration.
Lawan made this known while delivering a speech on Monday at a Meritorious Award Ceremony organised by the Senate Press Corps in Abuja.
The Senate President was a recipient of two awards – the Parliamentary Leadership for Good Governance and Budget Cycle Restoration Awards.
The awards were presented to Lawan at the ceremony by the Governor of Bayelsa State, Senator Douye Diri who also bagged Ambassador of the Senate Award.
Speaking at the event, Lawan said, “These honours are no doubt encouraging, considering the demanding nature of statecraft, despite a primary commitment to service.
“As journalists at the heart of reporting the legislature, you are surely in an excellent position to appreciate the enormity of our tasks, and how well we are doing, to deliver on our mandate.
“We therefore expect your judgements to be very qualified, which is why I am gladdened by the recognition, in addition to those extended to my colleagues.
“While good governance is a work in progress, it requires a painstaking feedback process, to appreciate loopholes and for efforts towards blocking them.
“These loopholes can be evident through the need to carry our outstanding responsibilities, in fulfilling our mandate of legislation, appropriation and oversight, and in ensuring they lead to improved welfare of the people.”
The Senate President added that the ninth National Assembly keyed into the vision of President Muhammadu Buhari’s administration  in its bid to ensure accountability and transparency to minimise or eliminate waste in government spending.
“The National Assembly has since keyed into this plan, in line with our legislative agenda, and compliant with our individual and collective desires to leave valuable and lasting legacies.
“We have resolved in the Senate to continue on this noble path, not only for the present and the future generations, but to shore up our status in the comity of nations.
“We were early in showing our zeal and desire through our attitude to work, resulting in the normalization of the Budget cycle, to fit into the January to December calendar year.”
Reeling accrued benefits which are outcomes of the restoration of the country’s budget cycle by the National Assembly, Lawan disclosed that same has impacted positively on Nigeria’s fiscal plans in a way that continues to boost investor confidence.
He explained, “The ninth Senate realised from the beginning that an unpredictable Budget sequence was unacceptable for a nation in dire need of development, and we had to correct the anomaly in accordance with our desire and commitment to make the budget work for Nigerians.”
He added that, “The restoration of the budget cycle has resulted in increased predictability of our fiscal plans and should continue to boost local and foreign investor confidence.
And let me add here, that for the first time, probably since the first republic, the budget of the federal government was implemented for the first time 100 percent in 2020.”
The Senate President, at the occasion, announced that the Senate will institute Awards for Parliamentary Reporting in the Senate Press Corps effective from 2022.
Lawan also announced that the National Institute for Legislative and Democratic Studies(NILDS) will introduce a training programme in Parliamentary Reporting for the National Assembly reporters.
“The idea is simple. We want to enhance your capacity, your competence, your capability so that when you report, you continue to educate Nigerians on what the National Assembly does or what is expected of the National Assembly.
“The task is for us, legislators, to inform Nigerians of what we do but you can do that even better because you are journalists and your media houses are there for people to listen to and we believe this is going to be a win-win for both the Senate and House of Representatives Press Corps and members of the National Assembly as well,” Lawan said.
Several other Senators, both serving and non-serving, and some state governors were also honoured at the occasion.

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Natasha Not Suspended for Sexual Harassment Allegation, But Violation of Standing Orders, Senate Clarifies

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The Senate has faulted pervasive claims that one of its members representing Kogi Central, Senator Natasha Akpoti-Uduaghan was suspended for accusing the President of the Senate, Senator Godswill Akpabio of sexual harassment.

Rather, the upper chamber clarified that Akpoti-Uduaghan was suspended specifically due to her flagrant disobedience to Sections 6.1 and 6.2 of the Senate Standing Orders 2023 (As Amended) and her unparliamentary behaviour during its plenaries and proceedings.

The Leader of the Senate, Senator Opeyemi Bamidele made these clarifications in a three-page statement released on Saturday amid the deliberate misinformation and false narratives being circulated by certain media organisations.

Contingent on the report of its Committee on Ethics and Privileges, the Senate had suspended Akpoti-Uduaghan for six months over alleged misconduct and refusal to comply with its sitting arrangement during the plenary.

The Senate upheld her suspension with a proviso that if Akpoti-Uduaghan “submits a written apology, the leadership of the chamber may consider lifting the suspension before the six-month period expires.”

Rather than submitting to the Authority of the Senate, Akpoti-Uduaghan had been misinforming the unsuspecting public that she was suspended because she accused the senate president of sexual harassment.

In a statement he released on Saturday, however, Bamidele clarified that the disciplinary action against Akpoti-Uduaghan was unequivocally a response to her repeated violations of legislative decorum.

In the same vein, the statement further clarified that Akpoti-Uduaghan’s petition on sexual harassment failed to meet the clear and established procedural requirements for submitting petitions to the Senate.

The statement reads in part: “It has come to the attention of the Senate that some media reports are attempting to falsely suggest that Akpoti-Uduaghan’s suspension was due to allegations of sexual harassment.

“This is completely untrue, misleading, and a calculated attempt to distort the facts. If Akpoti-Uduaghan had strictly followed our guiding principles, the Senate would have treated her petition based on merit in line with its practice. But she never obeyed the established practices of the institution where she was serving,” the statement said.

Specifically, the statement revealed that Akpoti-Uduaghan’s suspension was “a decision of the Committee of the Whole Senate, following the submission of a report by the Chairman of the Senate Committee on Ethics and Privileges.”

The statement noted that the report found Akpoti-Uduaghan guilty of violating Sections 6.1 and 6.2 of the Senate Standing Orders 2023 (As Amended) and recommended her immediate suspension.

As established in the findings of the Senate Committee on Ethics and Privileges, the statement pointed out that the disciplinary action was “a response to Akpoti-Uduaghan’s repeated violations of legislative decorum stated as follows:

” Refusing to sit in her assigned seat during plenary on 25th February 2025, despite multiple pleas from the Minority Leader and other ranking Senators—an act of open defiance and disorderly conduct.

“Speaking without being recognized by the presiding officer, in clear violation of parliamentary practices and procedures on 25th February 2025.

“Engaging in unruly and disruptive behavior, obstructing the orderly conduct of Senate proceedings. Making abusive and disrespectful remarks against the leadership of the Senate.

“Defying and refusing to comply with the summons of the Senate Committee on Ethics and Privileges mandated to investigate cases of misconduct,” the statement highlighted violations of the Senate Standing Order 2023 (As Amended) by Akpoti-Uduaghan.

The statement, therefore, noted that these actions represented a direct challenge to the Authority of the Senate and a violation of the Senate Standing Orders 2023 (As Amended) that govern the business of the Senate and the conduct of all its members without any exception.

The statement noted that the disciplinary measure was imperative, necessary and justified to restore order and uphold the integrity of the Senate as the country’s foremost democratic institution.

“Contrary to the false claims being circulated, Akpoti-Uduaghan was not suspended for making any sexual harassment or for submitting a petition. Her petition was rightfully discountenanced because it failed to meet the clear and established procedural requirements for submitting petitions to the Senate.

” The rules of the Senate apply to all members without exception, and no petition—regardless of its subject—can be considered if it does not follow due process. To suggest that her suspension was linked to her petition is not only a distortion of facts but an intentional and malicious attempt to mislead the public,” the statement noted.

While thanking some media organisations for their reporting, the statement urged the media not to distort facts to suit a false narrative expressing dissatisfaction with an attempt to politicise a disciplinary action that was strictly based on clear violations of Senate Standing Orders 2023 (As Amended).

The statement said: ” This coordinated misinformation campaign is nothing more than an attempt to politicise a disciplinary action that was strictly based on clear violations of Senate Standing Orders 2023 (As Amended).

“It is reckless, misleading, and a disservice to the people of the Federal Republic of Nigeria, who deserve truthful and factual reporting. We, therefore, urge all foreign correspondents and responsible media houses to correct these misrepresentations and avoid propagating falsehoods that undermine the integrity of Nigeria’s legislative process.”

 

 

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Bill To End HND, BSc Dichotomy Scales Second Reading In The House

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A bill to abolish the dichotomy and discrimination between Bachelor’s Degree holders and Higher National Diploma (HND) holders has scaled second reading in the House of Representatives.

According to the Speaker, Tajudeen Abbas, the bill sought to replace HND with Bachelor of Tech so that graduates of polytechnic would be able to compete favourably with other university graduates.

The bill, which was sponsored by a member, Fuad Laguda from Lagos State, also emphasised the importance of technical education.

Speaker Abbas said the position taken by all boards of polytechnics in Nigeria is “the abolition of HND and in place of it to have Bachelor of Technology so that at least graduates of polytechnics will be able to compete with those from universities”.

“At the same time, they are calling for hybrid supervision where the degree component of the polytechnic education will be handled by the NUC (National Universities Commission) while the national diploma will continue to be handled by the NBTE (National Board for Technical Education).

“Because of the degree component of this amendment, they felt that the qualification for being rector should also be upgraded to a Ph.D holder at the minimum since you will now be talking about degree programmes, it is only proper for such kind of establishment to have a Ph.D holder as the head of the institution,” he said.

Abbas subjected the bill to a voice vote and the lawmakers approved it to scale second reading.

 

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Tax Reform Bills: Senate To Consider Viable Opinions Of Stakeholders

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The chairman, Senate committee on Finance, Senator Sani Musa, says the Senate will consider viable opinions of all stakeholders in the passage of current Tax Reform Bills .

Senator Musa who stated this during an interview with newsmen in Abuja emphasized the need for Nigerians to be patient for a tax regime that would be beneficial to all and sundry.

He explained that the red chamber would evolve a legislation that is workable in line with international best practices.

Senator Musa told newsmen that president TINUBU needs one trillion dollar economy adding that the proposed Tax regime would outlive every individual including the lawmakers.

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