₦airaland Forum

President Bola Tinubu has withheld assent to two recently passed bills from the National Assembly, warning that certain provisions could weaken fiscal discipline, conflict with existing laws, and create dangerous precedents in public finance management.

This was disclosed in the President’s letters read by the Senate President, Godswill Akpabio, at Tuesday’s plenary.

The rejected bills are the Nigerian Institute of Transport Technology (Establishment) Bill, 2025; and the National Library Trust Fund (Establishment, etc.) Amendment Bill, 2025.

While acknowledging their broad objectives, Tinubu said several clauses were inconsistent with federal fiscal and administrative principles.

On the Transport Technology Bill, the President faulted provisions introducing new levies, unregulated borrowing, and investment of public funds in securities, moves he said could create opaque revenue channels and open avenues for misuse.

He particularly cited Section 18(4a), which proposed that the institute be funded through “one per cent of the freight on every import and export,” warning that the levy, introduced without Federal Executive Council approval, would overburden trade and sidestep the national budgetary process.

Tinubu also objected to Section 20, which empowered the institute to borrow up to N50m without presidential consent, describing it as “a loophole that could enable repeated borrowing below the threshold to evade oversight.”

Sections 21 and 23, which allowed the institute to invest government-appropriated funds, were equally criticised as “fiscally dangerous.”

“These provisions, if allowed, would not only undermine fiscal discipline but also create opportunities for financial abuse.”

In a separate letter rejecting the National Library Trust Fund Amendment Bill, the President said that though the bill’s intentions were laudable, several sections clashed with existing federal laws and policy frameworks.

He cited provisions on agency funding, taxation of national entities, staff remuneration, and tenure or age limits as potentially “unsustainable and against the public interest.”

“For these reasons, I cannot grant presidential assent to the bill in its present form. I urge the Senate to revisit and address the identified issues,” the letter read.

After reading both correspondences, Akpabio commended Tinubu’s “diligence in reviewing every legislation” and directed relevant committees to rework the affected bills for further legislative action.”

“This demonstrates the seriousness with which Mr. President is reviewing every legislation we pass. It is now our responsibility to carefully address the issues he has raised,” Akpabio said.

The Senate subsequently referred the Transport Technology Bill to the Committee of the Whole and the Library Trust Fund Amendment Bill to the Committees on Special Duties and Establishment and Public Service Matters for further scrutiny.

The withholding of assent to the proposed legislations signalled yet another instance of the executive’s closer scrutiny of legislative outputs under the current dispensation.

The rejection underscores Tinubu’s insistence on tightening fiscal control and aligning legislative proposals with broader economic reform priorities under his Renewed Hope administration.

yorosstores:
https://punchng.com/tinubu-axes-two-nassembly-bills-over-policy-clash/?utm_source=auto-read-also&utm_medium=web

After reading both correspondences, Akpabio commended Tinubu’s “diligence in reviewing every legislation” and directed relevant committees to rework the affected bills for further legislative action.”

“This demonstrates the seriousness with which Mr. President is reviewing every legislation we pass. It is now our responsibility to carefully address the issues he has raised,” Akpabio said.

blamingthedevil:
God Bless President Bola Tinubu
God Bless Federal Republic of Nigeria

The best President in the history of Nigeria

Lithiumite:
When you have a president that knows the game of finance this is what you get.....hate him or love him,tinubu is a guru in finance and accounting!! This is the first time Nigeria has a president who fought for the seat and won.

Kukutente23:
Lol
The head of parliament is thanking the president for trashing their work
Does Akpabio even understand how democracy works at all

Lithiumite:
When you have a president that knows the game of finance this is what you get.....hate him or love him,tinubu is a guru in finance and accounting!! This is the first time Nigeria has a president who fought for the seat and won.

Lithiumite:
When you have a president that knows the game of finance this is what you get.....hate him or love him,tinubu is a guru in finance and accounting!! This is the first time Nigeria has a president who fought for the seat and won.

ablejesus26:
Hahahahaha original guru in finance yet he is 70x worse than bubu wey dey parade nepa bill as certificate
the man is a complete clueless disaster he has made bubu a genius

Deep down you know you are just being political all of us dey here for the street dey hustle together and the reality that is accepted all round is that tpain is the greatest curse to befall upon this Country the man is the biggest threat to the survival of smes in this Country.
You know this is the truth but ofcus you just want to zombie for tpain same way you zombied for failure Buhari.