Recession: Senate to present 8 bills for Buhari’s Assent

Recession: Senate to present 8 bills for Buhari’s Assent

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 of Nigeria, were considered and passed in a single sitting of the Senate, demonstrating its commitment to employ 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 would be promptly forwarded to President Muhammadu Buhari for his signature.

“By now, it is clear that the Senators take Nigeria’s 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”, he said.

The 8 Bills, which are all 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, as well as 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.

“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”, he stated.