OIL BENCHMARK PRICE OF $78 FOR 2015 BUDGET IS UNREALISTIC- SENATOR BUKOLA SARAKI

These are troubling times for the Nigerian economy. Our revenue base is caving in under the stress of falling price of oil in the international market. Due to the drastic and persistent nature of this fall from the highs of $115 in June of this year, it is my considered view that we can’t continue to give the impression that it is business as usual. The fact that the free fall in the international oil market price has seen it … read more

Senate Activities For Thursday 10th April, 2014

Today at plenary, the Senate took the 1st Reading of the following Bills:  Nigerian Institute of Transport Technology Act 2011 (Repeal and Re-enactment) Bill 2014 (SB.472). Sponsor – Sen. Sahabi Ya’u. Nigerian Council for Clinical Psychologists (Est. etc) Bill 2014 (SB.473). Sponsor – Sen. Margery Chuba-Okadigbo.   The Senate in the Committee of the Whole considered the report of the Committee on National Planning, Economic Affairs and Poverty Alleviation on the screening of the nominees – Mr. Emmanuel Olusanya Omirin … read more

Senator Saraki’s Views On 2014 Budget

2014 Appropriation Act passed today:  Read below for Senators Saraki’s view. Today at the plenary, the Senate considered and passed the 2014 Appropriation Act. During my contribution on the floor of the Senate on the consideration of the report, I drew the attention of the Senate to a lacuna in the budget, which I considered critical to the effective implementation of the budget. My intervention is simple. The Appropriation Act we passed today did not consider a valuable indicator of … read more

NATIONAL ASSEMBLY READ NEW BILLS

The following Bills were read for the 1st time: i. Mutual Assistance in Criminal Matters Bill 2014 (SB.470). Sponsor – Sen. Victor Ndoma-Egba. ii. Proceeds of Crime Bill 2014 (SB. 471). Sponsor – Sen. Victor Ndoma-Egba. The Senate, sitting in the Committee of the Whole resumed the clause by clause consideration of the Establishment & Public Service Committee Report on the Pension Reform Act (Repeal and Re-enactment) Bill 2014. The consideration of the report was concluded and the Bill was … read more

Senate Activities For Wednesday 26th March, 2014

Yesterday, Wednesday the 26th of March 2014, the Senate took the 1st Reading of the following Bills- 1. Nigerian Metallurgical Industry Bill 2014 (SB.461).Sponsor – Sen. Victor Ndoma-Egba. 2. National Fertilizer Bill 2014 (SB.462). Sponsor – Sen. Victor Ndoma – Egba. 3. Immigration Act 2011(Repeal and Re-enactment)Bill 2014(SB.463). Sponsor: Sen. Sahabi Ya’u. 4. Nigerian Naira Stabilization Bill 2014 (SB.464).Sponsor- Sen. Benedict Ayade. Senate received as laid before it the Reports of the Senate Committee on Ethics and Priviledges on the … read more

Senate Activity For Wednesday 19th March, 2014

At the Senate plenary session yesterday- Wednesday the 19th of March 2014, the entire session was dedicated to the clause by clause consideration of the both bill which scaled their 3rd reading and passage by the Senate. The Senate sitting in the Committee of the Whole, considered and debated clause by clause the consideration of the Committee Report of these two Bills – The National Assembly Service Commission Act (Repeal and Re-enactment) Bill 2013 and the Trafficking in Persons (Prohibition) … read more

National Oil Spill Detection And Response Agency

AN ACT TO AMEND THE NATIONAL OIL SPILL DETECTION AND RESPONSE AGENCY (ESTABLISHMENT, ETC) ACT, 2006AND FOR OTHER MATTERS CONNECTED THEREWITH. Click here to download full details

Senate Bukola Saraki’s New Gas Flaring Initiative

Nigeria flares more gas than any other country in the world today. This is not a mare statistics it is a disgrace. It is significant in many respects; it shows the level of respect we have for our people’s wellbeing. It is also a measure of our environmental consciousness as a nation and a pointer to how much value lie in our regulations and enforcement of these regulations. Gas flaring has been outlawed since 1968 in Nigeria. However, since 1968 … read more

Lead Debate On A Bill For An Act To Amend The National Oil Spill Dectation And Response Act 2006 To Provide For Penalties And Compensation

As presented on the floor of the Senate on 19th of September 2012. SPONSOR: SENATOR (DR.) ABUBAKAR BUKOLA SARAKI, CON (KWARA CENTRAL) Mr. President, Distinguished Colleagues, thank you for the opportunity to lead debate on the General Principle of this all-important Bill. Oil spillage has devastated almost the entire environment of the oil producing areas. An estimated 13 million -16 million barrels of oil has been spilled into the ecosystem over the past 50 years, representing about 50 times the … read more