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The Senate has passed eight bills received from the House of Representatives for concurrence.
A statement by the Special Adviser (Media and Publicity) to the Senate President, Yusuph Olaniyonu, on Monday said the bills would soon be presented to President Muhammadu Buhari for assent.
The bills 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.
According to the statement, the Senate President Bukola Saraki emphasised the importance of the bills in ending the country’s economic recession.
It added that the eight bills, which are all primarily amendments to existing laws, are aimed at strengthening the enforcement mechanisms in sectors of the economy that can help boost Internally Generated Revenue (IGR).
“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.
“Moving forward, Nigerians can expect that the legislature will adopt a united and efficient approach to getting Nigeria’s economy back on track,” the statement quoted Saraki as saying.
He highlighted important aspects of the bills to include the amendment to the Telecommunication and Postal Offences Act, which is aimed at increasing some of the prescribed penalties, fines and compensations for non-compliance with the Act.
This, he explained, is intended to help boost investment and participation in the telecommunications sector.
He pointed out that 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 economic diversification.
