Tag: H’Reps

PFIPC probe: H’Reps give defaulting MDAs 48hrs to produce documents, officials

Aminu Imam
H'Reps on PFIPC probe

The 10th House of Representatives has escalated its investigation into the controversial Presidential Foreign Investment Promotion Council (PFIPC), issuing a 48-hour ultimatum to ministries, departments and agencies (MDAs) that have yet to comply with its summons. The House Ad-hoc Committee investigating the alleged establishment, funding and operations of the council directed all defaulting agencies to appear before it today, Thursday with the relevant officials and documents requested during previous correspondence. The committee warned that failure to comply would trigger the use of the constitutional powers of the National Assembly to…

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H’Reps approve $64.85 oil benchmark against Senate’s $60

Aminu Imam
H'Reps approve

The 10th House of Representatives yesterday adopted the Federal Government’s proposed crude oil benchmark of $64.85 per barrel for 2026, diverging from the Senate, which earlier approved a lower $60 benchmark under the 2026–2028 Medium Term Expenditure Framework and Fiscal Strategy Paper (MTEF/FSP). The House decision followed the consideration and adoption of a report by its committees on Finance, National Planning and Economic Development, which endorsed the executive’s oil price assumptions of $64.85, $64.30 and $65.50 per barrel for 2026, 2027 and 2028, respectively. This came ahead of the presentation…

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