Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    Nigeria Eurobonds Yield Rises 8bps on Risk-Off Sentiment

    June 17, 2026

    IMF: FG Dismisses Report on New Telecom, Fuel Taxes

    June 17, 2026

    G7 leaders to Discuss Global Economic Recovery

    June 17, 2026
    Facebook X (Twitter) Instagram
    Trending
    • Nigeria Eurobonds Yield Rises 8bps on Risk-Off Sentiment
    • IMF: FG Dismisses Report on New Telecom, Fuel Taxes
    • G7 leaders to Discuss Global Economic Recovery
    • South Africa’s Inflation Rises to 4.5% in May
    • Crude Oil Prices Fall Below $80 as Supply Risk Eases
    • South African Rand Strengthens Ahead of Inflation
    • Wall Street, FTSE 100 Mixed Ahead of Fed Rates Decision
    • XRP Price Slides Amidst Ripple’s Strategic Investment in Flutterwave
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Wednesday, June 17
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » Reps to Address Cases of Unfunded FG Agencies

    Reps to Address Cases of Unfunded FG Agencies

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiAugust 29, 2024 News No Comments3 Mins Read
    Reps to Address Cases of Unfunded FG Agencies
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    Reps to Address Cases of Unfunded FG Agencies

    The House of Representatives say it would take up cases of unfunded agencies by the Federal Government, in spite of the requisite appropriation and their creation by the Act of parliarment.

    Rep. Ibrahim Isiaka, Chairman, Special Committee on the Restructuring of Federal Agencies, Commissions and Parastatals, told the News Agency in Abuja on Thursday.

    NAN reports that some agencies and commissions, such as the Nigeria Press Council (NPC) and other agencies under the Ministry of Health, had not received salaries for some months.

    The chairman of the committee had earlier said that no agencies would be merged without the consent of the national assembly.

    Isiaka said that agencies or commissions created by the Act of Parliament would not be merged without recourse to amendments of  the Act that created them.

    “This is the position of the law, and the only arms of government that can alter or amend the law is the parliament, even at the state level,”he said.

    He, however, said that if such agencies are mere departments created by the government and did not pass through the parliament, the Federal Government had the power to alter them.

    The lawmaker said that this could be done without recourse to the national assembly.

    He said that the Federal Government t came out with a policy recently on the issue of merger, acquisition, and subsuming of agencies.

    The chairman said that the  pronouncement by government should not mean that it has stopped their salaries before coming out with the policy.

    “Away from that, any agency concerned should bring the Act that established it because there are so many agencies that were created.

    “At the time of their creation, due to the exigency of time and for the purpose they were created, they were not meant to take money from the Federation Account.

    He said that there was a need to look at the funding structure of such an agency, adding that some agencies were created with the promise that they would be self-sufficiently funded.

    The chairman said that the agencies must have run out of money and would want to collect money from the federation account.

    He said that this was not possible except the law recognised it by including it in their Act.

    Isiaka said that the National Assembly would take the matter up as soon as it resumes from recess.

    “The Act that created the agencies should be looked into and the funding structure should be checked. Where are they supposed to draw funding from?

    “If they are on the national budget and have been appropriated for, why won’t they be funded,” he said.

    He said that the National Assembly, based on findings and a critical look at the Act with relevant funding sections, would look at the matter.

    The chairman said that if such agencies were to be funded but were not, that shows that they had crossed the first hurdle.

    “If there is also provision for them in the appropriation and they are not receiving money, that is another leg to be looked upon into,”he said.

    “Once we are able to clear these hurdles, I will personally take that up and make it a motion of urgent national importance.

    “I will make it all inclusive and not only for the NPC,” he said. #Reps to Address Cases of Unfunded FG Agencies

    GTCO, OANDO Trend in Early Trading Hour on NGX

    House of Reps
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Ogochukwu Ndubuisi
    • Website
    • Facebook
    • X (Twitter)
    • LinkedIn

    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

    Keep Reading

    Nigeria Eurobonds Yield Rises 8bps on Risk-Off Sentiment

    IMF: FG Dismisses Report on New Telecom, Fuel Taxes

    G7 leaders to Discuss Global Economic Recovery

    South Africa’s Inflation Rises to 4.5% in May

    Crude Oil Prices Fall Below $80 as Supply Risk Eases

    South African Rand Strengthens Ahead of Inflation

    Add A Comment

    Comments are closed.

    Editors Picks

    Nigeria Eurobonds Yield Rises 8bps on Risk-Off Sentiment

    June 17, 2026

    IMF: FG Dismisses Report on New Telecom, Fuel Taxes

    June 17, 2026

    G7 leaders to Discuss Global Economic Recovery

    June 17, 2026

    South Africa’s Inflation Rises to 4.5% in May

    June 17, 2026

    Crude Oil Prices Fall Below $80 as Supply Risk Eases

    June 17, 2026
    Latest Posts

    Nigeria Eurobonds Yield Rises 8bps on Risk-Off Sentiment

    June 17, 2026

    IMF: FG Dismisses Report on New Telecom, Fuel Taxes

    June 17, 2026

    G7 leaders to Discuss Global Economic Recovery

    June 17, 2026

    South Africa’s Inflation Rises to 4.5% in May

    June 17, 2026

    Crude Oil Prices Fall Below $80 as Supply Risk Eases

    June 17, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.