Lawmakers Are Fighting Over Controversial Ways & Means Bill
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JUST IN: Nigerian Lawmakers Are Fighting Over Controversial Ways & Means Bill

Adam PR by Adam PR
July 31, 2024
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JUST IN: Nigerian Lawmakers Are Fighting Over Controversial Ways & Means Bill
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The House of representatives has been embroiled in chaos on Wednesday following a disagreement among the lawmakers.

The pandemonium is caused by a controversial bill seeking to increase the ways and means cash advances from five percent to 10 percent.

The situation escalated when opposition parties staged a walkout during the plenary session after an amendment proposed by Kingsley Chinda, the minority leader, was rejected.

Chinda’s amendment sought to reduce the ways and means to two percent instead.

Currently, the law stipulates that advances by the Central Bank of Nigeria (CBN) must not exceed five percent of the federal government’s previous year’s revenue.

The proposed bill aims to double this limit, prompting significant debate and disagreement among lawmakers.

ALSOREAD

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