Plenary: Opposition Reps Walk Out Over Bill To Raise Ways And Means To 10%

Chaos erupted in Wednesday at the house of representatives over a bill seeking to raise the ways and means cash advances from five percent to 10 percent.

According to TheCable, the opposition parties staged a walk out during plenary after an amendment by Kingsley Chinda, the minority leader, that the ways and means be reduced to two percent was rejected.

The existing law provides that the advance by the Central Bank of Nigeria (CBN) must not exceed five percent of the previous year’s revenue of the federal government.

Details later

Related posts:

Security Presence Meant To Curb Disruption, Says Organisers Of Osun Hunger Protest Why We Attacked Adamawa Police HQ – Nigerian Army We Have Shared Responsibility To Ensure Nigeria’s Peace, Stability – Tinubu To State Governors 2023: PDP Announces Date, Venue To Inaugurate Presidential Campaign Council