National Economy
Thursday, July 31, 2025
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
Read News
National Economy
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy
No Result
View All Result
National Economy
No Result
View All Result
Home News

Senate Committee Issues Ultimatum To Finance Minister Over Gas Project

by Adejumoke Adeeso
1 year ago
in News
Reading Time: 2 mins read
Wale Edun

Wale Edun

Share on FacebookShare on TwitterShare on Telegram

You May Like

Stakeholders Warn Against Weakening FoI Act

NYG: Weightlifting Federation Begins Implementation Of New Bodyweight Categories

The Senate Committee on Gas has issued a firm seven-day ultimatum to the Minister of Finance, Wale Edun, demanding detailed information regarding the allocation and disbursement of over N100 billion designated for the Presidential Compressed Natural Gas projects.
The committee’s decisive action comes on the heels of mounting concerns surrounding the purported misuse of funds and potential violations of the Public Procurement Act 2017. This move underscores the Senate’s commitment to upholding fiscal responsibility and safeguarding taxpayers’ interests.
The demand for transparency was prompted by recent revelations indicating the intention of the Presidential Compressed Natural Gas Initiative to allocate an additional N130 billion to unspecified companies. Despite prior warnings by the Gas Committee against such actions, the initiative appears poised to proceed with its plans, raising red flags about the lack of oversight and adherence to procurement regulations.
The committee’s decision to escalate the matter follows a fresh petition lodged by the “Good Governance and Transparency Front,” alleging irregularities in the disbursement of funds by the Steering Committee of the Presidential CNG Initiative. The petition specifically accuses the committee of favoritism and bypassing due process in awarding contracts to select individuals.
Chairman Jarigbe Agom, in a letter dated January 9 and addressed to the finance minister, outlined the committee’s urgent request for comprehensive documentation pertaining to the allocation and utilization of the N100 billion fund. The letter emphasized the need for clarity on the selection criteria, bidding process, and contractual agreements with the companies involved in the gas infrastructure development projects.
Moreover, the committee expressed keen interest in examining the effectiveness of the funded initiatives in promoting the use of Compressed Natural Gas (CNG) as an alternative energy source. It emphasized the critical role of transparency and adherence to due process in ensuring public trust and confidence in government-led initiatives.
Tags: Jarigbe AgomSenate CommitteeWale Edun
ShareTweetShare
Previous Post

MultiChoice Agrees To Pay $37.3m In Tax Settlement To FIRS

Next Post

Budget, Agriculture Ministers Criticize Subsidy Removal, Naira Floating

ANOTHER GOOD READ

Stakeholders Warn Against Weakening FoI Act
News

Stakeholders Warn Against Weakening FoI Act

2 days ago
NYG: Weightlifting Federation Begins Implementation Of New Bodyweight Categories
News

NYG: Weightlifting Federation Begins Implementation Of New Bodyweight Categories

3 days ago
‘Legal Backing Needed For Gratuity Reintroduction Under CPS’
News

‘Legal Backing Needed For Gratuity Reintroduction Under CPS’

3 days ago
Zolair Energy Solutions Launches Nigeria’s First Integrated E-Tricycle, Battery Plant
News

Zolair Energy Solutions Launches Nigeria’s First Integrated E-Tricycle, Battery Plant

3 days ago
Insurers Battle NASS Over Legality Of Oversight Function In Insurance Business
News

Insurers Battle NASS Over Legality Of Oversight Function In Insurance Business

3 days ago
Elumelu Donates N25bn To Produce For Lagos Initiative
News

Elumelu Donates N25bn To Produce For Lagos Initiative

3 days ago
Next Post
Budget, Agriculture Ministers Criticize Subsidy Removal, Naira Floating

Budget, Agriculture Ministers Criticize Subsidy Removal, Naira Floating

Most Recent

Coca-Cola To Sell Chivita|Hollandia To UAC In Major Industry Shake-Up

Coca-Cola To Sell Chivita|Hollandia To UAC In Major Industry Shake-Up

July 30, 2025
Stakeholders Warn Against Weakening FoI Act

Stakeholders Warn Against Weakening FoI Act

July 29, 2025
Impact Of Fake Colleagues In A Workplace

Impact Of Fake Colleagues In A Workplace

July 28, 2025
NYG: Weightlifting Federation Begins Implementation Of New Bodyweight Categories

NYG: Weightlifting Federation Begins Implementation Of New Bodyweight Categories

July 28, 2025
Women’s Basketball Premier League: First Bank Makes Strong Start

Women’s Basketball Premier League: First Bank Makes Strong Start

July 28, 2025
WAFCON 2024: Senate Celebrates Super Falcons

WAFCON 2024: Senate Celebrates Super Falcons

July 28, 2025
Wakama Unveils D’Tigress’ Roster For 2025 AfroBasket Championship

Wakama Unveils D’Tigress’ Roster For 2025 AfroBasket Championship

July 28, 2025
‘Legal Backing Needed For Gratuity Reintroduction Under CPS’

‘Legal Backing Needed For Gratuity Reintroduction Under CPS’

July 28, 2025
Advertise with us

© 2024 | National Economy

No Result
View All Result
  • Home
  • News
    • International Business
  • Lead-In
    • Cover
    • Investigation
  • Economy
    • Nigerian Economy
    • Fiscal Policy
    • Energy
    • Agri Business
    • Transportation
    • Industry
    • Competition
    • Homes & Property
    • Insurance
    • Companies & Markets
      • Companies
      • Capital Market
  • Tech
  • States & Politics
  • Commentary
    • Analyst
    • Business Matters
    • All Angles Considered
    • ClickSend
  • Editorial
  • Data
  • Others
    • Opinion
    • Money Guide
    • Analysis
    • Growth
    • Sport Economy

© 2024 | National Economy