RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Economy

Lawmakers Reject CBN, Customs, and FIRS Representatives in 2024 Budget Defence

Stephen Akudike by Stephen Akudike
December 8, 2023
in Economy
Reading Time: 1 min read
A A
0
Lawmakers Reject CBN, Customs, and FIRS Representatives in 2024 Budget Defence
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Lawmakers in the House of Representatives made a bold move on Friday by rejecting the representatives of key government agencies— the Governor of the Central Bank of Nigeria (CBN), the Controller General of Nigeria Correctional Service (NCS), and the Executive Director of the Federal Inland Revenue Services (FIRS)— during the 2024 budget defence.

The directive came from the House Committee on Appropriation during the budget defence session, led by Chairman Abubakar Bichi. The rejection of the agency representatives indicates a significant development in the budgetary process.

AlsoRead

World Bank Downgrades Nigeria’s 2026 Growth Forecast to 4.1%

Poverty Rate Climbs to 63% in 2025 Despite Sharp Drop in Inflation – World Bank

Naira Strengthens to N1,365 per Dollar as US Dollar Heads for Weekly Loss

All Ministries, Departments, and Agencies (MDAs) were summoned to appear before the Committee, but the notable absence of key figures prompted the Committee to take decisive action. The lawmakers specified that the CBN Governor, the Controller General of Customs, and the Executive Director of FIRS must personally appear before the Committee on Monday at 10 am, without any excuses.

This unexpected move suggests a heightened level of scrutiny and demand for accountability in the budgetary process. Lawmakers appear resolute in ensuring direct engagement with top officials to address concerns and queries related to the proposed 2024 budget. The decision to reject representatives underscores the importance placed on a firsthand account and clarification from these crucial agencies regarding their budgetary allocations and plans for the upcoming fiscal year.

As Monday approaches, stakeholders will keenly observe how these top officials respond to the summons and the ensuing discussions in what promises to be a pivotal moment in the budget defence process.

Tags: 2024 Budget DefenceaccountabilityCBN GovernorCustoms Controller GeneralFIRS Executive DirectorGovernment AgenciesHouse of RepresentativesLawmakers' Decision.
Previous Post

Dangote’s Refinery Receives First 650,000 Barrels of Crude Feedstock

Next Post

COP28: Ecobank Secures Historic $200 Million Sustainability-Linked Loan in Partnership with European DFIs

Related News

World Bank Emphasizes Cash Transfers to Break Poverty Cycle in Nigeria

World Bank Downgrades Nigeria’s 2026 Growth Forecast to 4.1%

by Victoria Attah
April 10, 2026
0

The World Bank has lowered its economic growth projection for Nigeria in 2026 to 4.1%, citing the combined impact of...

Nigeria’s food inflation rate eased to 23.75% as food prices are expected to fall

Poverty Rate Climbs to 63% in 2025 Despite Sharp Drop in Inflation – World Bank

by Victoria Attah
April 10, 2026
0

Nigeria’s poverty rate increased to 63% in 2025, equivalent to about 140 million people living below the poverty line, even...

Nigeria Plans New FX Rules, Targeting 750 Naira Exchange Rate

Naira Strengthens to N1,365 per Dollar as US Dollar Heads for Weekly Loss

by Jide Omodele
April 10, 2026
0

The Nigerian naira appreciated to N1,365 per US dollar on Thursday, March 9, 2026, extending gains amid a broader global...

World Bank Extends Nigeria’s Digital Identification Project Deadline Amid Missed Targets

World Bank Affirms Nigeria’s Economic Growth Remains on Track Despite Iran Conflict.

by Victoria Attah
April 8, 2026
0

The World Bank has maintained that Nigeria’s economic growth trajectory remains intact for the first half of 2026, even as...

Next Post
COP28: Ecobank Secures Historic $200 Million Sustainability-Linked Loan in Partnership with European DFIs

COP28: Ecobank Secures Historic $200 Million Sustainability-Linked Loan in Partnership with European DFIs

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

World Bank Emphasizes Cash Transfers to Break Poverty Cycle in Nigeria

World Bank Downgrades Nigeria’s 2026 Growth Forecast to 4.1%

April 10, 2026
Nigerian Breweries Plc Appoints Ayodele Lawal as Sales Director.

Champion Breweries Fully Redeems N15 Billion Commercial Paper Issuance

April 10, 2026

Popular Story

  • World Bank Emphasizes Cash Transfers to Break Poverty Cycle in Nigeria

    World Bank Downgrades Nigeria’s 2026 Growth Forecast to 4.1%

    0 shares
    Share 0 Tweet 0
  • Champion Breweries Fully Redeems N15 Billion Commercial Paper Issuance

    0 shares
    Share 0 Tweet 0
  • Naira Strengthens to N1,365 per Dollar as US Dollar Heads for Weekly Loss

    0 shares
    Share 0 Tweet 0
  • Poverty Rate Climbs to 63% in 2025 Despite Sharp Drop in Inflation – World Bank

    0 shares
    Share 0 Tweet 0
  • FG Takes Governors to Supreme Court Over Local Government Allocations

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>