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Governor Oyetola Assents Osun State Budget

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Governor Oyetola Assents Osun State Budget

The Osun State governor, Adegboyega oyetola, on Wednesday, signed the year 2022 appropriation bill into law.

Governor Oyetola who signed the bill at a ceremony held in government secretariat, Abere, restated the commitment of his administration to further provision of opportunities for the youth and delivery of more infrastructure.

He said the 2021 budget, as at the third quarter of this year, had recorded 83.66 per cent performance, which he attributed to improved delivery of programmes and projects across the state during the year.

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He commended the harmonious relationship among the three arms of government, particularly between the legislature and executive.

He further added that the laudable acts of cooperation and support by the assembly showcased it as a people-oriented and development-focused house while thanking members for their service to the state.

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Finance

FG Probes Online Banks Over Breach of Customers’ Data Privacy

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FG Probes Online Banks Over Breach of Customers’ Data Privacy

Author: Kehinde Ajewole, Abuja

The federal government has begun a probe of online banks over their alleged breaches of customers’ data privacy.

The director-general, national information technology development agency, Kashifu Inuwa, who made this disclosure in Abuja on Monday, said the agency was working with the Nigeria police force and other relevant agencies to investigate several lending platforms, popularly called loan shark platforms.

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He said this while addressing journalists ahead of the national privacy week 2022. amidst outcry of data invasion by Nigerians against lending platforms, NITDA had imposed a fine of n10m on Soko loan for data breach last August.

In November 2021, NITDA partnered with the federal competition and consumer protection commission to address the increasing rates of data privacy abuse by money lending organisations, particularly fintech firms.

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Finance

FG to Make Additional Provisions for Fuel Subsidy Beyond June – Finance Minister

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FG to Make Additional Provisions for Fuel Subsidy Beyond June – Finance Minister

The federal government has revealed plans to make additional provisions for fuel subsidy in the 2022 budget.

The minister of finance, budget, and national planning, Zainab Ahmed disclosed this on Monday at a meeting with the president of the senate, Ahmad Lawan, at the national assembly complex in Abuja.

In her remarks, the finance minister explained that the government had to reconsider its decision on the planned removal of fuel subsidy after the 2022 budget was passed by the national assembly.

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She stated that fuel subsidy was provided for in the 2022 budget to run from January till June, but after consultations with stakeholders and in view of the high inflation and economic hardship, additional provisions would be made beyond the initial period.

According to Ahmed, it has become clear that the timing for the removal of fuel subsidy will be problematic as the country still experiences high inflation. she admitted that removing fuel subsidy at this period would ultimately worsen the condition of Nigerians, especially those struggling to make ends meet.

Read Also: FG Will Replace Fuel Subsidy with N5,000 Transport Grant for 40m Nigerians

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Naija News

NLC Backs Bill on Rent Regulation in FCT

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NLC Backs Bill on Rent Regulation in FCT

Author : Eunice Johnson, Abuja

The Nigeria Labour Congress has endorsed the planned bill on monthly house rent in the Federal Capital Territory introduced by the Senator representing Kogi West District, Smart Adeyemi.

The bill titled, ‘Advanced Rent (Residential Apartments, Office Spaces, etc.) Regulation Bill 2022,’ has gone through first reading at the Senate. It provides for a maximum of three months’ advance rent payment in the first instance and subsequent monthly payment for the rest of any tenancy lease in the FCT.

The NLC President, Ayuba Wabba, in a statement on Thursday, said the bill was in tandem with the rent regime in most parts of the world, including South Africa and Kenya.

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The statement was titled, ‘The Nigeria Labour Congress throws its full weight behind the bill on monthly house rent in the FCT.

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