After a brief legislative break, the Nigerian Senate has resumed sitting with a clear and urgent agenda. As the country faces a tough economic climate and growing political unrest, especially in Rivers State, the upper legislative chamber is stepping up to tackle these challenges head-on.

From tax reforms aimed at improving national revenue to efforts at resolving a deepening political crisis in one of Nigeria’s most strategic states, the Senate is walking into what could be its most impactful sessions yet.

Let’s break it all down in plain terms.

Tax Reforms: Restructuring for a Stronger Economy

One of the main items on the table is the consideration and possible passage of the 2024 Tax Reform Bills. These bills are designed to simplify Nigeria’s tax structure, improve compliance, and ensure more money flows into government coffers at both state and federal levels.

Why does this matter? Because Nigeria is currently facing revenue shortfalls, high inflation, and rising public debt. Tax reform could help turn things around.

Senate Leader Opeyemi Bamidele highlighted that these reforms are crucial not just for economic stability, but also for national development. A more effective tax system means more money for things like roads, schools, and health care.

However, not everyone is on board with all the proposed changes. A major talking point is the new Value Added Tax (VAT) sharing formula. Under the proposed system, states would get VAT revenue based on how much they contribute. That means economically stronger states—like Lagos, Rivers, and Abuja—could receive significantly more funding.

Critics, particularly from the northern regions, argue that this could widen inequality and leave some states behind. Proponents, on the other hand, say it encourages productivity and transparency.

This is a hot debate, and the outcome could reshape the nation’s financial foundation.

Rivers Crisis: A Political Time Bomb

While tax reform is crucial for the economy, the political standoff in Rivers State could impact the very fabric of Nigeria’s democracy.

Tensions have been building between Governor Siminalayi Fubara and his predecessor, Nyesom Wike, who now serves as the Minister of the Federal Capital Territory (FCT). What began as a power struggle has escalated into a full-blown political crisis that has paralyzed governance in the state.

There have been reported attempts to impeach the governor, factional disputes within the state House of Assembly, and allegations of federal interference.

The Senate, aware of the volatility, is stepping in. According to Bamidele, the chamber will work closely with the Presidency and all stakeholders to mediate the situation. The goal? To prevent further unrest and maintain the peace in one of Nigeria’s most economically significant states.

This is more than politics—it’s about preventing a crisis that could have ripple effects across the South-South region.

Security: Still a National Concern

Insecurity continues to plague various parts of the country, from terrorism in the North-East to banditry in the North-West and farmer-herder clashes in the Middle Belt.

The Senate isn’t ignoring this.

During the recess, many senators met with security officials in their constituencies. With the resumption of plenary, lawmakers are expected to intensify pressure on the Executive to find lasting solutions.

The call is loud and clear: Nigerians need to feel safe in their homes, places of worship, and markets. The Senate is expected to review budget allocations for security and demand better accountability from security agencies.

Constitution Review: Paving the Way for True Federalism

Another major agenda item is the Constitution Review process, which is being led by Deputy Senate President Barau Jibrin. This review could lead to major changes in how power is distributed between the federal and state governments.

Many are pushing for a system that gives more autonomy to states—especially when it comes to resources, policing, and education. This is seen by many experts as the best way to address regional challenges more effectively.

Electoral Act Review: Fixing the Loopholes

Following the 2023 general elections, there were numerous calls for reform. From complaints about the use of technology to concerns about vote-buying and INEC’s credibility, the current Electoral Act (2022) has some glaring weaknesses.

The Senate is taking steps to review and amend the Act to ensure that future elections are free, fair, and transparent. Key areas to be addressed include electronic transmission of results, political party funding, and strengthening INEC’s independence.

If done right, this could build public confidence in the electoral process again.

Presidential Appointments: Who Gets What

President Tinubu has submitted names for various federal appointments, including positions for the South-South Development Commission. The Senate is expected to begin the screening process shortly.

This is an important responsibility. The quality of leadership in these agencies could directly impact development in the Niger Delta and other regions.

Expect some fireworks during the screening sessions, especially if nominees appear unqualified or politically motivated.

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