Recession: N’Assembly Ready With 8 Bills for President’s Assent

Hamilton Nwosa
Writer

Ad

SERAP Writes INEC, Demands Account for ₦55.9bn Election Funds

By Abiola Olawale The Socio-Economic Rights and Accountability Project (SERAP) has called on the Independent National Electoral Commission (INEC) to give a comprehensive account of the ₦55.9 billion allocated and spent for the recent general elections. ​The non-governmental body asserted that transparency regarding the deployment of these public funds is crucial for upholding the integrity…

Benin Republic Quells Coup Scare as Army Crushes Rebel Soldiers’ Takeover of State TV

By Obinna Uballa Benin Republic's government says loyalist forces have restored order after a small group of soldiers briefly seized state television on Sunday and announced they had overthrown President Patrice Talon. Foreign Minister Olushegun Adjadi Bakari told Reuters that the mutinous soldiers managed to take control of the broadcaster only and that the transmission…

2027: Make Up Your Mind and Join Coalition Now– ADC Tells Peter Obi

By Abiola Olawale The African Democratic Congress (ADC) has issued a call to the Labour Party's 2023 presidential candidate, Mr. Peter Obi, to firmly commit to the emerging opposition coalition for the 2027 general elections. The ADC, which has been positioned as the potential platform for a united front, is stressing the need for all…

Ad

The Senate of the National Assembly has passed eight Bills received from the House of Representatives for concurrence. The Bills, which are aimed at strengthening the laws of the Federal Republic, were considered and passed in a single sitting of the Senate – demonstrating commitment to employing all legislative mechanisms at its disposal to end the current economic recession in the country.

The Bills that will be presented to the President soon include the Telecommunication and Postal Offences Act (Amendment) Bill, National Crop Varieties, Livestock Breeds (Registration) Act (Amendment) Bill, Produce (Enforcement of Export Standards) Act (Amendment) Bill, Prevention of Crimes Act (Amendment) Bill, Water Resources Act (Amendment) Bill, National Agricultural Land Development Authority Act (Amendment) Bill, Bee (Import Control and Management) Act (Amendment) Bill and Agricultural and Rural Management Training Act (Amendment) Bill.

The Senate President, Dr. Abubakar Bukola Saraki, speaking through his Special Adviser on Media and Publicity, Mr. Yusuph Olaniyonu, emphasised the importance of the Bills in ending Nigeria’s economic contraction and stated that the Bills will be promptly forwarded to President Muhammadu Buhari for his signature.

“By now it is clear that the Senators take Nigeria’ economic situation very seriously,” he said, “If you recall, one of the points from the 21-point resolution passed by the Senate on the economy stated that it would fast-track all economic related bills. What this Senate has done is match its words with its actions.”

The 8 Bills, which are all primarily amendments to existing laws, are aimed at strengthening the enforcement mechanisms in sectors of the economy that can help boost Internally Generated Revenue.

Important highlights of the Bills include the amendment to the Telecommunication and Postal Offences Act, which is aimed at increasing some of the prescribed penalties, fines and compensations for non-compliance with the Act. This is intended to help boost investment and participation in the telecommunications sector.

Additionally, the National Crop Varieties, Livestock Breeds (Registration) Act (Amendment) Bill, Produce (Enforcement of Export Standards) Act (Amendment) Bill, National Agricultural Land Development Authority Act (Amendment) Bill, Bee (Import Control and Management) Act (Amendment) Bill, and the Agricultural and Rural Management Training Act (Amendment) Bill are all aimed at bolstering the standards in Nigeria’s Agricultural sector to help the country achieve more economic diversification.

Meanwhile, the Senate President, who is the Chairman of the National Assembly, has stated that the 8 Bills will be promptly forwarded to the President for assent.

“Moving forward, Nigerians can expect that the legislature will adopt a united and efficient approach to getting Nigeria’s economy back on track,” Saraki stated, “We will quickly forward these 8 Bills, which have been passed by both Houses of the National Assembly to the President. This is only a first step and we will continue to work to ensure that at the end of our tenure, Nigerians will see that this is a people-centred National Assembly.”

Ad

X whatsapp