Fidelity bank banner UBA banner
Senate set to debate 30 bills targeted at economic and governance reforms

By Mayowa Okekale, Abuja on 15/01/2016

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 2,082


Senate President, Dr. Abubakar Bukola Saraki, has said that in a bid to provide adequate legislative instruments to fast-track the necessary change and reforms expected in all critical sectors of the country, 30 Bills to address identified key areas have been submitted by his colleague-Senators and now await Senate's consideration and passage.

In a statement by his Chief Press Secretary, Sanni Onogu, the Senate President made this known at a meeting with his key aides as part of preparations for the commencement of legislative session in the New Year.

He also said the Bills when passed would give backing to necessary reforms in the nation's security agencies, judiciary, anti-corruption crusade, agriculture, transportation, taxation, poverty eradication and the creation of business-friendly environment for investors, among others.

According to him, among the priority bills now awaiting Senate debate are Police Reform Bill, Justice Reform Bill, Criminal Procedure Law Amendment Bill, Whistleblower Protection Bill, Budget Reform Bill, Ecological Funds Utilization and Management Bill and the Excess Crude Account Management Bill.

Others are: Executive Bodies Independence Protection Law, National Assembly Budget and Research Office Bill, the Institutional Restructuring of the NNPC Bill in place of the PIB, the E-Commerce Protection Law Bill, Critical Infrastructure Protection Bill, Market Competition Bill, Credit Bureau and Referencing Bill, Agricultural Credit and Loan Scheme Bill, Private Sector Infrastructure Investment Protection and Regulation Bill and the Road Sector Reform Bill.

Also included are: The Railway Sector Reform Bill, Ports and Habour Reforms Bill, Regulatory Impact Assessment Bill, Climate Change Bill, Tax and Revenue Las/Bill, Federal Funding Accountability and Transparency Act, The Fertilizer Bill, The Government Performance and Result Act (GPRA) and the National Poverty Eradication Commission (Establishment) Bill.

The Senate President said the priority bills are meant to drastically change the business environment and promote inclusive growth especially in the real sector.

Saraki said: “It is the belief of the National Assembly that diversification of the economy will not happen unless regulatory and legal framework for doing business in Nigeria are substantially reformed and deregulated to allow the private sector participate in the infrastructure market which is a key area for creating jobs and priority national productivity.

“It is a known fact that the economic artery for delivering goods and services in Nigeria has mainly been the road network. But this has been severely limited by the level of degradation and lack of investment. The impact has been increased in carnage, deaths and the penetration of goods to markets has been severely limited.

“With the priority bills being proposed by the National Assembly, private sector participation in railways, road construction and other transport infrastructure that will stimulate job creation will become a reality.

“The penetration of transport infrastructure into the waterways will also be expanded, access to credit will receive a significant boost through the introduction of the modern bankruptcy and insolvency laws which is about to be passed into law and credit referencing/reporting system which will significantly reduce credit risks and therefore lower the cost of borrowing.”

He said that the Bills are key economic reform instrument that will stimulate employment, significantly raise national productivity and also see the government paying particular attention on other pressing public services while public funds will be freed up to achieve greater efficiency in the governance system.

•Photo shows Dr Saraki.

Source News Express

Posted 15/01/2016 05:13:19 AM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Afreximbank awards self credit, says it remains profitable...

Breaking: PDP rejects presidential election result, disrupts collation...

Kwara teachers vow to continue strike over salary...

NFF crisis: No more FIFA ban, as Giwa...

Ghana closes 400 Nigerian businesses

Removal of Land Use Act from Constitution a...

28 suspected kidnappers, robbers, cultists nabbed in Edo...

Boko Haram: Cameroonian troops accused of killing 40...

Borno Govt. reviews curfew in Maiduguri

Osun guber election result people’s victory over federal...

FG describes N10.3trn loss to piracy as unacceptable...

Flood disaster: Princewill extends helping hand to more...

 

Latest News Traditional ruler killed in Rivers, 2 others beheaded 4 dead in Adamawa mob attack 2019: Atiku made the best choice in Peter Obi — Bishop Ezeokafor •Says Buhari must go Edo Speaker raises alarm over influx of sex workers in legislative quarters Hauwa Liman’s distraught family refuses to believe she is dead Buhari condoles with Hauwa Liman’s dad, Red Cross Osun Election: Adeleke challenges Oyetola’s victory, asks tribunal to declare him Governor I have better pedigree than Okorocha — Imo Deputy Governor •Says Okorocha wouldn’t have become Governor without him NLNG Train 7: Nigerian companies to get priority — FG Anambra APGA House of Assembly primaries: NANS stakeholders protest name substitution 2019: Labour Party won’t field candidates for any elective position Defection Rumour: I stand with Buhari, says Amosun

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (406,828 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (382,389 views) Shameless Genevieve Nnaji exposes breasts in public (314,762 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (256,961 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (237,396 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (224,286 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (204,073 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (185,547 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (170,110 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (165,866 views) Lagos plane crash: Journalist releases victims’ names (161,481 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (149,266 views)

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (67) Business & Economy (3,683) Business Verdict (52) Columnists (945) Complaints & Requests (94) Enterprise & Opportunities (207) Entertainment (559) Features (659) Global Business Monitor (304) International (2,533) Interview (165) Live Commentary (28) Love Matters (145) News (39,665) Opinion (1,123) Pidgin (13) Politics (7,251) Religion (880) Sports (1,731) Stock Watch (35) AMA & Al Jazeera Global Update

 

Zenith Zero Balance

NLNG Expression of Interest banner

CBN banner

Firstmobile banner

 

 

NEWS EXPRESS TV

LIBYA vs NIGERIA 2-3 Goals Highlights

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera

Advertisement