Skip to content
August 7, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • National News
  • Reps to investigate operations of Ecological Fund
  • National News

Reps to investigate operations of Ecological Fund

Admin June 23, 2022
House of Representatives

House of Representatives

June 23, 2022

The House of Representatives has resolved to investigate the total consolidated mandatory accruals into the Ecological Fund from 2010 to March 2022.

The resolution was sequel to a unanimous adoption of a motion by Rep. Femi Bamisile (APC-Ekiti) at plenary on Thursday.

Moving the motion earlier, Bamisile said the Ecological Fund was an intervention fund set up by the Federal Government to address multifarious ecological challenges across the country.

He explained that the Federal Government, the 36 states, the 774 Local Government Areas and the Federal Capital Territory, received funds through the Federal Allocation Committee (FAC) as shares from the Ecological Fund

He said that apart from the annual statutory appropriations, four federal agencies draw funds from the one per cent share of the Federal Government allocated to Ecology and Derivation Fund according to their respective enabling laws.

“The agencies are; the National Emergency Management Agency (NEMA) by virtue of Section 13(2) (b) of its Act, draws 20 per cent.

“National Agency for the Great Green Wall (NAGGW) by virtue of Section 12 (2) (b) of its Act, draws 15 per cent while the North-East Development Commission (NEDC) by virtue of Section 14(12) (b) of its Act, draws 10 per cent.

“Also, the National Agricultural Land Development Authority (NALDA) by virtue of Section 18 (2) (a) of its Act, draws 10 per cent.

“Efforts at making beneficiaries of the Ecological Fund accountable for their accrued shared funds in the last few years have been ignored.

“Sections 88 and 89 Constitution of the Federal Republic of Nigeria, 1999 (as amended) empowers the National Assembly to conduct investigation and power as to matters of evidence,” he said.

The house mandated the Committee on Ecological Fund to Investigate and evaluate the disbursement of the Ecological Fund in line with the provision of the 1999 Constitution from 2010 to March 2022.

The committee was also to investigate the utilisation of the Ecological Fund by benefiting agencies of governments and establish infractions if any.

In his ruling, the Speaker of the house, Rep. Femi Gbajabiamila mandated the committee to conduct Public Hearings with all major stakeholders on the effective and efficient utilisation of the Ecological Fund and report back within six weeks for further legislative action. (NAN)

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: APC NALDA NEDC NEMA Rep. Femi Bamisile Rep. Femi Gbajabiamila

Post navigation

Previous Lagos online voters registration hits 640,786
Next NDLEA seizes 1,796kg hard drugs, arrests 40 traffickers in Badagry

Related Stories

7 abducted Poly students rescued in Ogun outbreak
  • National News

7 abducted Poly students rescued in Ogun

August 6, 2026
ActionAid urges probe of alleged exploitation of Nigerians in Russia ActionAid
  • National News

ActionAid urges probe of alleged exploitation of Nigerians in Russia

August 6, 2026
PFIPC probe: ICPC submits interim report, recommends Adeyemi’s prosecution ICPC
  • National News

PFIPC probe: ICPC submits interim report, recommends Adeyemi’s prosecution

August 6, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

7 abducted Poly students rescued in Ogun outbreak
  • National News

7 abducted Poly students rescued in Ogun

August 6, 2026
ActionAid urges probe of alleged exploitation of Nigerians in Russia ActionAid
  • National News

ActionAid urges probe of alleged exploitation of Nigerians in Russia

August 6, 2026
PFIPC probe: ICPC submits interim report, recommends Adeyemi’s prosecution ICPC
  • National News

PFIPC probe: ICPC submits interim report, recommends Adeyemi’s prosecution

August 6, 2026
African free trade agency taps Nigerian firm for $3.1 billion customs overhaul project AfCFTA
  • National News

African free trade agency taps Nigerian firm for $3.1 billion customs overhaul project

August 6, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.