News Formal

House of Representatives Passes Bill to Reenact Ministry of Finance Act 2024

  • 📰 DailyPostNGR
  • ⏱ Reading Time:
  • 17 sec. here
  • 8 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 59%

Politics Notizia

Ministry Of Finance,Ademorin Kuye,House Of Representatives

The House of Representatives has passed a Bill for second reading aimed at replacing the outdated Ministry of Finance Incorporated Act 1959 with a new comprehensive framework for the management and accountability of federal government assets. The new Act seeks to reinvigorate the Ministry of Finance Incorporated (MoFI) to ensure effective use and management of federal assets.

The House of Representatives passed a Bill for second reading to repeal the Ministry of Finance Incorporated Act 1959 and reenact the Ministry of Finance Act 2024. Ademorin Kuye, leading the debate, highlighted that the Ministry of Finance Incorporated (MoFI) established in 1959 has not met its expected standards due to issues with federal asset management. The new Act aims to introduce a comprehensive framework of 49 sections to improve the management and accountability of federal assets.

This Bill seeks to reinvigorate MoFI by providing a necessary institutional framework for corporate governance and ensuring effective ownership and accountability. It also aims to empower the corporation to manage over N300 trillion worth of federal assets more efficiently and to provide economic stimulus for growth

Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 11. in İT
 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

SSANU blames finance ministry as strike disrupts resumption in public varsitiesSSANU has blamed the finance ministry for the ongoing strike that has disrupted the resumption of academic activities on campuses.
Fonte: thecableng - 🏆 2. / 80 Leggi di più »

Reps direct CBN, finance ministry to refund deduction from Shippers Council accountThe House of Representatives on Wednesday directed the Central Bank of Nigeria, CBN, and the Federal Ministry of Finance to immediately refund the 50 per cent deduction from the Nigerian Shippers’ Council’s account.
Fonte: DailyPostNGR - 🏆 11. / 59 Leggi di più »

We are satisfied with progress at FIRS – House Committee on FinanceThe House of Representatives Committee on Finance has commended the level of progress and achievements being made by the Federal Inland Revenue Service (FIRS), promising not withhold any support needed by the agency.
Fonte: DailyPostNGR - 🏆 11. / 59 Leggi di più »

COP29: Africa kicks as new climate finance deal falls short of expectationsAs climate talks at the ongoing COP29 approach their final hours, a newly proposed climate finance deal has fallen short of meeting the expectations of many developing countries.
Fonte: thecableng - 🏆 2. / 80 Leggi di più »

COP29: World leaders agree on $300 billion climate finance deal for poorer countries'The Baku Finance Goal represents the best possible deal we could reach.'
Fonte: PremiumTimesng - 🏆 3. / 78 Leggi di più »