Fifteen years after Nigeria obtained a $460 million loan from China to install CCTV cameras across Abuja, the House of Representatives has launched a fresh investigation into the failed project. The lawmakers say the country continues to repay the loan, even though the cameras were never installed. Reps Move to Revisit $460m CCTV Project The …
President Bola Tinubu has requested the approval of the House of Representatives to secure approximately $2.3 billion in external loans to cover the 2025 budget deficit and refinance maturing Eurobonds, which will further raise Nigeria's debt profile. Nigeria’s total public debt rose to N149.39 trillion as of March 31 this year, marking a year-on-year increase …
The Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen, has extended felicitations to the Chief Executive Officer of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engr. Gbenga Komolafe, on the occasion of his 62nd birthday. In a congratulatory message issued on Friday through his Chief Press Secretary, Leke Olatunji Baiyewu, Abbas described Engr. …
By Esther Ososanya The amendment bill for the Nigerian Meteorological Agency (NiMet) Establishment Act has passed its second reading in the House of Representatives, sparking optimism among key stakeholders. The bill, originally sponsored by former Chairman of the House Committee on Aviation Technology, Hon. Isiaq Abiodun Akinlade, seeks to reposition NiMet for more effective service …
