Recession: Saraki signs 8 bills for re-positioning economy


Senate President, Dr. Abubakar Bukola Saraki has on Wednesday signed eight bills which will help in re-positioning Nigeria’s economy.
This was gathered from statement from Saraki, where he explained that the National Assembly is committed at ensuring the recession which the country is facing is overcome within the shortest possible time.
“Earlier today, I signed 8 Bills that the Senate passed last week Thursday. These 8 Bills, which were received from the House of Representatives, are intended to positively bolster existing laws and to help re-position various aspects of our economy” he said.
According to him, the bills in question are: The Telecommunications and Postal Offences Act, which is aimed at increasing some of the prescribed penalties, fines and compensations for non-compliance with the Act.
“Additionally, this Bill will help boost investment and participation in the telecommunications sector by pushing for better enforcement.
“Other economic Bills included in this are 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 which are all aimed at bolstering the standards in Nigeria’s Agricultural sector to help the country achieve more economic diversification,” Saraki added.
“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 continue to prioritise economy-related pieces of legislation and will quickly forward these 8 Bills – which have now been passed by both Houses to Mr. President for his signature,” he added.


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