Saraki harps on govt, private sector partnership for development

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The President of the Senate, Dr. Bukola Saraki, has said that nation can only develop if there is co-operation between government and the private sector.

Saraki stated this during a dialogue session to mark the first anniversary of the National Assembly Business Environment Roundtable (NASSBER) in Abuja.

Commenting on efforts by the federal legislature towards making impact on development, Saraki said, “For us in the 8th National Assembly lawmaking is not about the number of bills, it is more about impact and we will continue to focus on quality and impact on our people over any other considerations.

“This is what makes the 8th National Assembly unique as we are determined to only make laws that will have positive impact on our people”.

He noted that for the first time in the history of the country, the National Assembly, in partnership with the private sector, through the NASSBER, initiated a research study to review the legislative instruments impeding doing business in Nigeria and received a report detailing the necessary legislative action required to begin the process of changing the unsupportive legal structures, weak institutional base and obsolete regulatory frameworks in the nation’s business environment.

“We want to see that these bills can actually help us create jobs, mobilize private sector investment and promote made in Nigeria goods. We would expect that the breakout sessions will offer us a new set of legislative interventions that will help further to cement the impact the first tranche of our work is having”, Saraki added.

The Senate President thanked the Nigeria Economic Summit Group (NESG), Department for International Development (DFID), ENABLE project, and the Nigerian Bar Association – Section on Business Law (NBA, SBL) for their steadfastness and commitment to the vision and purpose of NASSBER, which is to facilitate constructive engagement and collaboration between the National Assembly and the Private sector.

Also speaking at the event, Speaker of the House of Representatives, Yakubu Dogara, who was represented by the Deputy Speaker, Yussuf Lasun, noted that the NASSBER initiative was a right step in the right direction towards the enhancement of the economy.

Dogara said, “A little over a year ago when NASSBER was inaugurated, we were very confident it was the right step to take if we were indeed committed to bringing our economy out of recession, and stimulating long term economic growth that is inclusive and sustainable for the shared prosperity of all Nigerians.

“For the National Assembly, it was a road not travelled before, but we were willing to embark on this journey, not minding the risks, considering the promises it held. Looking back the last 12 months, NASSBER is but a success story of novel synergy, dialogue and engagement between the legislature, development partner, the private sector, the bench and citizens.

“The National Assembly will continue to play a central role not only in governance but also ensuring that we deliberate and act on frameworks that will improve Nigeria’s business environment through the review of relevant legislations and provisions of the constitution.

“As a result of this effort, I am more confident that our economy would attract ‘agile private sector that can innovate and respond to global opportunities’, as contemplated in the Economic Recovery and Growth Plan (ERGP) of this government”.

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