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Nigeria Senate

Our Lives Matter, Senate Spokesman Urges Caution as Muslims Celebrate Sallah

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Muslims have been enjoined to be cautious of the fact that the ravaging Covid-19 is still much around as they celebrate Eidul Adh’a.

 

In a congratulatory message he issued on Thursday in Abuja , the Spokesperson of the Senate. Dr Ajibola Basiru, felicitated with the Muslim World and particularly his constituents on this year’s Eidul Kabeer.

 

Reminding the people that the big Islamic celebration teaches piety, patience and endurance, Dr Basiru called on Muslims to let the lessons reflect in their daily activities.

 

“With patience and endurance, whatever we besiege Allaah for will be done, and with the two virtues combined with piety,Nigeria will scale hurdles in all spheres of development.”

 

“As Muslims, we must always remember that Islam emphasizes cleanliness and hygiene,t herefore, as we rejoice in this festive season, we should follow strictly all safety regulations to keep Coronavirus at bay.”

 

Assuring his constituents that he would continue to be at their beck and call, the Senate Spokesperson prayed for success of the All Progressives Congress, APC, at all levels of governance.

National Assembly

Ex-Senate President, Bukola Saraki Celebrates Mom @85

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The Immediate past President of the Senate and the Chairman of 8th National Assembly, Senator Bukola Saraki is celebrating his mother, Chief (Mrs.) Florence Morenike Saraki who turned 85 years today.

Saraki in a birthday wishes published on his social media platforms on Saturday wished him mom well saying he and his siblings were “blessed by the immense love, prayers and care” of the Octogenarian Matriarch of the Saraki dynasty.

He wrote:

“Wishing my beloved mother, Chief (Mrs) Florence Morenike Saraki, a very happy 85th birthday today. Mama, we are truly blessed by your 85 years of immense love, prayers and care! May Almighty Allah increase your fulfillment.

“ Amen.

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bills

Assent to CAMA Act, Result of Harmonious Relationship Between NASS and the Executive- Senate Spokesman

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The Senate has said that the signing into law of the Companies and Allied Matters (repeal and Re-enactment)Act, 2020 by President Muhammadu Buhari was a testimony to the harmonious working relationship between the 9th National Assembly and Executive arm of the government.

Recall that President Buhari on Friday assented to the Companies and Allied Matters (repeal and Re-enactment) Act bill, 2020 into law thereby bringing a 30year old agitation to create legal framework in line with modern business practice in Nigeria to an end.

The Senate in a press statement issued in Abuja on Saturday by its Spokesman and Public Affairs Committee Chairman, Senator Bashiru Ajibola said the assent of the President was“Cheering news.”

The statement reads in part:

“The Senate today received the cheering news that President Mohammed Buhari (GCFR) has assented to the Companies and Allied Matters Act Bill. By assenting the bill, Mr. President has completed the final stage in the legislative process for the formal enactment of the Act repealing and replacing the 30-year legislation.

“The assent by Mr. President to this very important piece of legislation has further demonstrated the cordial relationship between the National Assembly and the Presidency, and is also a validation by the President of the efforts of the National Assembly in providing the needed legislative interventions for the resuscitation of the nation’s economy.

“The intendment of the amendment as passed by the Senate and House of Representatives was to strengthen the legal framework for the incorporation of companies, limited liability partnerships, limited partnerships, registration of business names together with incorporation of trustees of certain communities, bodies, associations; and incidental matters to address several corporate legal innovations geared towards enhancing ease of doing business in Nigeria.

“It is not in doubt that the provisions of the repealed Act had become very obsolete and therefore could not effectively address challenges being faced by companies and incorporated trustees such as business rescue for insolvent companies and the merger of Incorporated Trustees for associations that share similar aims and objectives.

“It is gratifying to note that the new Act provides for innovating processes and procedures to ease the operations of companies, such as introducing Statements of Compliance; replacing “authorised share capital” with minimum share capital to reduce costs of incorporating companies; and providing for electronic filing, electronic share transfers, e-meetings as well as remote general meetings for private companies in response to the disruptions to close contact physical meetings due to the COVID-19 pandemic.  Others include the disclosure of persons with significant control of companies in a register of beneficial owners to enhance corporate accountability and transparency.

Also the Senate Spokesman said that the Senate and indeed the 9th National Assembly was not relenting in its avowed efforts to deploy quality legislative inputs to improve the living conditions of Nigerians and cushion the negative effects of the coronavirus pandemic.

Ajibola stated that the Senate aside from passing the CAMA Act “has demonstrated commitment to legislative interventions to reposition the Nigerian economy, particular to cushion the disruptions occasioned by Covid-19 pandemic. It has recently passed a new Banks and Other Financial Institutions Bill, Railways Bill, Police Bill amongst others legislations waiting concurrence by the House of Representatives and assent by Mr. President.

He promised Nigerians that “the Senate and indeed the 9th National Assembly will continue in line with its constitutional mandate to make laws for the ‘peace, order and good governance’ of the Federation and accord the executive the necessary legislative cooperation that will promote and sustain the wellbeing and security of the citizenry as well as the prosperity of Nigeria.”

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Committee

2020 Budget: FG has Released Funds for Implementation- Senate Appropriation Chairman-Jibrin Barau

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The Chairman of the Senate Committee on Appropriation, Senator Jibrin Barau (APC, Kano North) has revealed that the 2020 budget implementation was already on cause despite the effect of the coronavirus pandemic on the country and the global economy.

The lawmaker revealed that the Federal Ministry of Finance, Budget and National Planning had already commenced the release of funds for Ministries, Departments and Agencies (MDAs) of the federal government to enable them conclude the procurement processes in line with the provisions of relevant laws for the full implementation of the capital budget.

“The 2020 budget has just been signed few weeks ago and now, the next thing that comes up is that Ministries begins to actualize the provision of the budget.

“Where we are now is the Chief Executives of various Ministries are working round the clock to construct the procurement process.

“There is release of funds by the Federal Ministry of Finance so that the budget can easily be implemented.

“The Federal Ministry of Finance has just released funds to all Ministries across the board for implementation of budget and you know that President Muhammadu Buhari gave a matching order that 50% should be released on each item on the list so that budget can be funded.

“It’s when agencies of government get funds that they will switch into action to implement capital aspect of the budget; so this is the stage we are now,” the lawmaker told journalists in Abuja on Thursday evening.

Senator Jibrin however, stated that the impact of the Coronavirus pandemic would affect the full implementation of the budget, but he expressed hope that capital projects would be rolled over into the 2021 budget.

He said:

“If not because of COVID-19, the budget would have started running since February or March, 2020, unfortunately, it’s in the heat of the COVID-19 pandemic. The entire country was locked down and nothing was done particularly that revenue was not coming in.

“We cannot measure budget implementation until procurement processes are concluded and as it stands, it will take a while for us to see the extent of budget implementation.

“They may not be able to conclude the execution of budget this year, but what we will do in this circumstance is to roll over.

“If for instance a contract is awarded under capital project and because of time constraints 80% of it was not executed and the year ends, what should happen is to roll over the 80% to next year.

The President of the Senate had at plenary before the Senate adjourned for its annual recess requested President Muhammadu Buhari to ensure that the 2021 budge reached the National Assembly by September 2020 in order for the lawmakers to maintain the January to December budget cycle the 9th National Assembly had vowed to maintain.

 

 

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