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Nigeria Senate approves One term for President and Governors

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The process of amending the 1999 constitution was concluded on Wednesday by the Nigerian Senate , they also voted in support of the Local Government Autonomy and 28 other bills up for amendment in the 1999 Constitution.‎

The Senate also approved single term for president and governors as well as voted for Independent Candidacy.

The Senate also approved the separation of the office of the Minister and Commissioner of Justice from the Attorney General of the Federation and of states to create an independent office of the Attorney General of the Federation insulated from partisanship.

The lawmakers voted in favour of the amendments that the President must nominate Ministers within 30 days and attach the portfolios of the Ministers to the Senate when sending for confirmation.

‎The Red Chamber amongst others voted against devolution of powers and in favour of immunity in respect of words spoken or written at plenary sessions or committee levels.

However, the Senators voted against ‎35% affirmative action for women as ministers and public office holders while in favour of Independent Candidacy for elections in Nigeria.

The clause also makes it obligatory for the President to deliver a State of the Nation address in a joint session of the National Assembly. ‎

In his remarks the President of the Senate, Bukola Saraki, said with the amendment, ‎there were enormous opportunities in the hands of the younger generation, adding that this amendments would strengthen democracy at large.

Meanwhile, Senator Abiodun Olujimi from Ekiti state sought the indulgence of her colleagues to include the Gender affirmative into the upcoming Gender equality bill consideration.

Ninety-seven lawmakers were in attendance while ‎29 bills and 33 clauses were considered.

Source: ( PM News )

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2020 Finance Bill Exempts Minimum Wage Earners From Tax: Buhari

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President Muhammadu Buhari has revealed that the recently proposed 2020 Finance Bill will exempt workers earning the minimum wage from paying tax.

Buhari disclosed this on Monday in a speech delivered virtually by Vice President, Yemi Osinbajo at the opening session of the 26th Nigerian Economic Summit Group Conference themed: “Building Partnerships for Resilience.”

Also Read: Recession: Nigeria’s Economy On Way To Recovery, Says Osinbajo’s Aide

“We are proposing in the new Finance Act that those who earn minimum wage should be exempted from paying income tax,” he was quoted as saying in a statement issued by the Senior Special Assistant to the President on Media and Publicity, Laolu Akande.

“These provisions which complement the tax breaks given to small businesses last year will not only further stimulate the economy but are also a fulfilment of promises made to take steps to help reduce the cost of transportation and the impact of inflation on ordinary Nigerians.”

 

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Nigeria Will Exit Recession By First Quarter Of 2021 – Finance Minister

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Nigeria Will Exit Recession By First Quarter Of 2021 – Finance Minister

Zainab Ahmed

Minister of Finance, Budget and National Planning, Zainab Ahmed has revealed that Nigeria would emerge from recession in the fourth quarter of this year or by the first quarter of 2021.

Recall that on Saturday, Nigeria officially went into recession for the second time under President Muhammadu Buhari‘s administration.

Speaking on Monday at the ongoing 26th Nigerian Economic Summit organized by the Nigerian Economic Summit Group and the Federal Ministry of Finance, Budget, and National Planning, Zainab said the current recession would be short-lived.

Also Read: Recession: Nigeria’s Economy On Way To Recovery, Says Osinbajo’s Aide

She blamed COVID-19 for the current recession, saying it followed the pattern across the world where many countries had entered an economic recession.

“Nigeria is not alone in this, but I will say that Nigeria has outperformed all of these economies in terms of the record of a negative growth,” Ahmed said.

 

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Court Remands Nigerian Senator, Ali Ndume, In Prison

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Court Remands Nigerian Senator, Ali Ndume, In Prison

Ali Ndume

Senator Ali Ndume, the lawmaker representing Borno South Senatorial district has been ordered on Monday by a federal high court to be sent to prison.

The order follows his inability to produce Abdulrasheed Maina, the former Chairman of the defunct Pension Task Team, whom he stood as surety for in his corruption and money laundering trial.

The high court, sitting in Abuja was presided over by Justice Okon Abang and ordered Senator Ndume to be remanded in Kuje correctional centre.

Also Read: Alleged Money Laundering: Court Orders Arrest Of Abdulrasheed Maina

Justice Abang, however, gave three conditions upon which Ndume can regain his freedom namely payment of N500m bail bond into the Federation Account of the Federal Government and present evidence of such payment in court or the FG sells the property situated in Asokoro, Abuja which Ndume pledge as security for the bond and present evidence of sale and payment of the N500m realised into the Federation Account or he (Ndume) produces Maina, who is believed to have now jumped bail, in court.

Shortly after the pronouncement by the Judge, Senator Ndume was led away from the courtroom by security operatives.

 

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