The House of Representatives has initiated an investigation into the ongoing scarcity of currency notes in commercial banks, aiming to alleviate the hardship it has caused for Nigerians. Lawmakers expressed concerns over the impact of the shortage and pledged to find sustainable solutions.
In a separate development, the House expressed shock over the inadequate budgetary allocation to the Defence Intelligence Agency (DIA). Members raised concerns about the implications of insufficient funding on national security and called for a review to address the shortfall.
Additionally, the House Committee on Finance has directed several agencies, including the Infrastructure Concession Regulatory Agency, the Nigeria Electricity Regulatory Commission, and the Nigeria Sugar Development Commission, to submit detailed reports on their budget performances. The directive seeks to ensure compliance with financial regulations and assess their contributions to national development.
