Friday, 28 April 2017

Petroleum Industry Bill and 6 other ways the Senate can help end recession in Nigeria

- Senate President Bukola Saraki has not hidden his desire to get things right at the Nigerian Senate

- Saraki is particularly focused on getting his colleagues to help Nigeria get out of recession

- The Senate has since identified 8 economic priority bills that will help the country overcome recession

To put an end to recession, the Nigerian Senate had promised to fast-track the consideration and passage of some economic bills.

A closer look at the details of the various bills shows that they have the ability to revive the economy and increase the ease of doing business in Nigeria.

The Senate is however not resting on its oars, as senators have shown commitment in ensuring that the bills are passedas soon as possible.

7 economic priority legislative bills that will take Nigeria out of recession

Senate President Bukola Saraki has not hidden his desire to help Nigerian economic managers come out of recession

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On Thursday, April 28, the Senate passed the Nigerian Ports and Harbours Bill, which is one of the bills earlier penciled down.

NAIJ.com lists the 7 other bills that are before the Senate and will go a long way in stabilising the economy.

1. Petroleum Industry Bill

2. National Development Bank of Nigeria (Establishment Bill)

3. National Road Fund (Establishment Bill)

4. National Transport Commission Act of 2001

5. Warehouse Receipts Act (Amendment Bill)

6. Companies and Allied Matters Act (CAMA)

7. Investment and Security Act (ISA)

7 economic priority legislative bills that can take Nigeria out of recession

Nigerians await the Senate's speedy passage of the bills

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Meanwhile, the Senate ad hoc committee on mounting humanitarian crisis in the North East has said the refusal of suspended Secretary to the Government of the Federation (SGF), Babachir Lawal to honour its invitation, will not stop it from presenting its report.

The lawmakers said they would not invite him to defend himself anymore and that the final report of the probe would be made available to the Senate on Tuesday May 1.



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Petroleum Industry Bill and 6 other ways the Senate can help end recession in Nigeria
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