8 Bills that will address Nigeria’s Economic Recession

There are eight Bills which Nigeria’s Senate said are ready for the assent of President Muhammadu Buhari to address the economic recession the country is facing.

The Bills 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.

Senate President, Abubakar Bukola in a statement by his media adviser, Mr Yusuph Olaniyonu said the Bills received from the House of Representatives for concurrence on September 29, 2016 were keys to ending the recession.

The Senate President underscored that the importance of the Bills in ending the country’s economic contraction.

He said that the Bills will be promptly forwarded to President Buhari for his signature.

He said, “By now it is clear that the Senators take Nigeria’ economic situation very seriously.  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 eight Bills, which are primarily amendments to existing laws, are aimed at strengthening the enforcement mechanisms in sectors of the economy that can help boost Internally Generated Revenue.

He said, “Moving forward, Nigerians can expect that the legislature will adopt a united and efficient approach to getting Nigeria’s economy back on track.

“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.”

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