The Senate also approved other parameters such as Statutory transfers totaling N613.4 billion; Debt Service estimate of N3.12 trillion; Sinking Fund to the tune of N292 billion; Pension, Gratuities and Retirees Benefits of N567 billion.
It further called on the Salaries and Wages Commission to review the salary structure of all Ministries, Departments and Agencies , in other to come up with a new salary structure that will reflect the true financial position of the Agencies. The Senate amid its recommendations also called on the Nigeria Customs Service to accelerate the process of installing scanners at all ports across the country to curb the issues of smuggling and underpayment of custom duties on imported goods which has resulted in huge loss of revenue to the government.
Consequently, it further recommended that the offices of the Accountant General , Auditor General of the Federation and Fiscal Responsibility Commission be strengthened in the area of staffing and proper funding of its activities to ensure optimal performance of their duties in order to adequately monitor the remittances of all government revenue.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Senate Passes 2022-2024 MTEF/FSP*Okays $57 per barrel oil benchmark *Fixes exchange rate at N410/US$1 Deji Elumoye and Juliet Akoje in Abuja The Senate on Wednesday passed the 2022-2024 Medium Term Expenditure Framework and Fisca…
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
Senate approves 2022-2024 MTEF, pegs oil benchmark at $57, exchange rate at N410/$President Muhammadu Buhari had in July forwarded the 2022-2024 Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper (FSP) to the National Assembly for approval.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
NLNG Targets Domestic LNG Supply from July 2022*Company says Nigerian market unable to take up its 450,000mt cooking gas supply Peter Uzoho The Nigeria Liquefied Natural Gas (NLNG) Limited has announced plan to enter into the Nigerian domestic … They should increase domestic LPG supply first!! They have failed abysmally in this area. How can 12.5kg cylinder refill be costing over 6,000 naira Isn't that madness in a gas producing nation
Source: THISDAY LIVE - 🏆 14. / 51 Read more »
Africa Initiative for Governance opens 2022-23 scholarships to civil servants | The Guardian Nigeria News - Nigeria and World NewsThe Africa Initiative for Governance (AIG), a subsidiary of the Aig-Imoukhuede Foundation, has invited applications for its sixth round of AIG Scholarships that offer opportunity to exceptional Nigerians ...
Source: GuardianNigeria - 🏆 1. / 94 Read more »
2022-24 MTFF/FSP and Nigeria’s dithering economy - Part 3 | The Guardian Nigeria News - Nigeria and World NewsAnd so the poisoned fruits of the military legacy of heterodox fiscal and monetary procedures, depending on prevailing economic circumstances, have become discernible with time.
Source: GuardianNigeria - 🏆 1. / 94 Read more »
Senate seeks life imprisonment for kidnappers | Daily TrustThe Senate, on Tuesday, considered a bill seeking stiffer punishment for the offence of abduction, wrongful restraint and confinement for ransom. The bill Does boko haram qualify as kidnappers also? After all the kidnap school children daily but are given amnesty is return?
Source: Daily Trust - 🏆 13. / 51 Read more »