Connect with us

Business and Economy

Assent to CAMA Law a Confirmation of the ‘Joint Task’ Policy of Reps- Spokeman

Published

on

Femi Gbajabiamila
Spread the love

The House of Representatives has assured Nigerians that the revitalization of the economy remains the priority of the House even amidst the economic and other challenges posed by the coronavirus pandemic.

The House, through a statement issued in Abuja on Saturday by its Spokesman, Hon. Benjamin Kalu (APC, Abia state) while reacting to the signing into law of the Companies and Allied Matters Act (amendment) Bill (“CAMA”), 2020 by President Muhammadu Buhari on Friday stated that assent of the President to bill was a direct result of the “harmonious working relationship between the legislature and the executive.”

ALSO READ  Civil Society Petitions Chinese Company Over Alledged Dehumanisation Of Workers

The statement revealed that the leadership of the House of Representatives had earlier assured Nigerians that the bill was going to be signed into law, especially with the tenacious efforts of the leadership of the House, and indeed the National Assembly. adsbygoogle || []).push({});

According to the Spokesman, the 9th House of Representative would not and never relent in deploying “legislative interventions” to help in solving the challenges of Nigeria.

The House’ statement describing the President’s assent to the bill was a “major landmark” as it will revolutionize the way business is being done in Nigeria, moving forward.

The House’ full statement reads:

“The 9th National Assembly has scored another major landmark with the Companies and Allied Matters Act (amendment) Bill (“CAMA”), which was signed into law by President Muhammadu Buhari on Friday, August 7, 2020.

“On February 25, while meeting with the Presidential Enabling Business Environment Council led by Dr Jumoke Oduwole, the Special Adviser to the President on Ease of Doing Business, Speaker Femi Gbajabiamila had assured Nigerians that the House would fast-track the consideration and amendment of CAMA, stating that the bill was a key priority of the 9th House necessary to address national economic challenges and to improve the legal framework for doing business in Nigeria.

“The bill which was passed barely two weeks after that promise, comes as a result of the resolve of both chambers of the 9th National Assembly to facilitate the ease of doing business in Nigeria. Its final assent into law marks a key milestone in the fulfillment of the legislative agenda of the House under the leadership of Speaker Femi Gbajabiamila and is attributable to the harmonious working relationship between the Legislature and the Executive.

“The Nigerian economy remains a priority for the 9th House and in the same manner with which it swiftly and diligently passed the Finance Act, the Deep Offshore Sharing Formula Act, and the revised Appropriation Act 2020, the House will continue to deploy strategic legislative interventions to improve governance and make the business environment more accommodating.

“Going forward, the House will prioritize the Electoral Act (amendment) Bill, the Constitution Amendment, and the Petroleum Industry Governance Bill (PIGB), among other all-important legislation as promised by the Speaker at different fora and in line with the contract between members of the House and the Nigerian people, because ‘Nation Building’ is indeed ‘A Joint Task’.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Business and Economy

BECCIMA Lauds FG For Initiating To Establish Cottage Industries In 774 LGAs

Published

on

Spread the love

The Benue State Chamber of Commerce, Industry, Mines and Agriculture (BECCIMA) has lauded the Federal Government for establishing cottage industries across all the Local Governments Areas (LGAs) in Nigeria

President of BECCIMA, Dr Paul Ubwa, made the commendation at a news conference on Friday in Makurdi.

ALSO READ  Monarch Commends Ogu Onoja (SAN) Foundation For Provision of Motorised Borehole to Ofante Community

“It is a well thought out initiative by the Federal Government to set aside the sum of one trillion naira to establish cottage industries in each of the 774 LGAs in the country.

“This all important news was disclosed by the Hon. Minister for Special Duties and Inter-Governmental Affairs, George Akume.

ALSO READ  NTA-TVE Boss, Loko Says New Media Has Come To Stay, Commends Self regulations

“We the organised private sector in Benue express our sincere appreciation to the government of President Muhammadu Buhari for coming up with this unique initiative. adsbygoogle || []).push({});

“The initiative is aimed at creating wealth for the common man,’’ he said.

According to him, the initiative when implemented will go a long way in eradicating poverty in Benue State and indeed Nigeria and the president’s name will be written in gold for posterity.

“In Benue state, we are hoping that in order to ensure stability, sustainability and longevity of the proposed cottage industries, each should be incorporated as a company with a Board of Directors.

“This should be made up of indigenes of the catchment area or host community.

“The plan will involve the local government council itself, traditional institutions, cooperative societies and associations, youth/women groups, existing entrepreneurs, traditional land owners and other interest groups.

“We are assured of and envisage the support of the Benue State government’’

Ubwa also appealed to the Federal Government and most especially, the Minister of Special Duties and Inter-Governmental Affairs to make Benue one of the pilot states for the take-off of the programme.

“On our part, we stand ready to co-operate with the ministry and other support agencies to ensure success and sustainability of the initiative,’’ he said. 

Author Profile

Abdulrahman Obaje
Abdulrahman Obaje
Prince Abdulrahman Obaje is a Media and ICT Consultant, Journalist, online marketer, social media strategist, Mathematician and Computer Scientist based in Abuja, Nigeria. He is the Founder and the Publisher of The Informavores!. You can reach me on +234 805 939 5252 or send i-witness report directly to me on news@informavores.com.ng.

Continue Reading

Business and Economy

FG Flag-off Gold Processing Cluster in Kogi

Published

on

President-Muhammadu-Buhari
Spread the love

The Federal government on Tuesday carried out the groundbreaking ceremony of the Gold Processing Cluster, located in Mopa, Mopamuro council area of Kogi State.

The Permanent Secretary, Federal Ministry of Mines and Steel Development, Dr. Oluwatoyin Akinlade who led the Federal government team for the event said the projects is part of the FG efforts to refocus the economy from oil depended.

ALSO READ  NTA-TVE Boss, Loko Says New Media Has Come To Stay, Commends Self regulations

Dr. Akinlade said the Gold Processing Cluster will also cater for other Gems stones and solid mineral mining activities in the North Central of the country.

“The Ministry of Mines and Steel Development has commenced the implementation of programmes aimed at establishing and accelerating mineral value chain activities through the development of a Mineral Mining cluster in each of the six geopolitical zone. adsbygoogle || []).push({});

“The objective of the project is to Assembly and coordinate the activities of the artisanal and small scale miners in the identified areas based on the identified mineral type for each geopolitical zone.

“The mining cluster is to provide common facilities and coordinated activities to enable easy formalization of the artisanal miners in the identified zones and avail them an opportunity for mineral value addition, as well as creation of market access.

“Furthermore, the cluster shall be adequately equipped with state of the art equipment for the purpose of imparting modern morning expertise and knowledge into the teeming youths across north Central zone. Provision shall also be made for heavy equipment such as excavators leasing by the artisan miners.”

The Kogi State Governor, Yahaya Bello said the state government will consolidate on the idea of the Gold Processing Cluster in diversifying the economy of the state.

Bello who was represented at the event by the state Commissioner for Information and Communication, Mr. Kingsley Fanwo said, “We thank Mr. President for this project. This will spur the economy of the state. It will create jobs and make Kogi the economic hubs of the country.

“It will increase the trading of the state. This underscore the economic blueprint of the state government in making the state a giant amongst other states in term of industrialization.”

Fanwo who promised that the state will ensure proper security of the projects, urged stakeholders to take advantage of the opportunities.

The Permanent secretary said the project is expected to be commissioned by ending of June, and become operational immediately.

Author Profile

Abdulrahman Obaje
Abdulrahman Obaje
Prince Abdulrahman Obaje is a Media and ICT Consultant, Journalist, online marketer, social media strategist, Mathematician and Computer Scientist based in Abuja, Nigeria. He is the Founder and the Publisher of The Informavores!. You can reach me on +234 805 939 5252 or send i-witness report directly to me on news@informavores.com.ng.

Continue Reading

Business and Economy

MPC Retains MPR At 11.5%, Holds Other Parameters Constant

Published

on

Spread the love

The Monetary Policy Committee (MPC), of the Central Bank of Nigeria (CBN), has voted unanimously to retain the Monetary Policy Rate (MPR) at 11.5%.

The  Governor, of CBN, Godwin Emefiele who disclosed this while reading the communique in press briefing in Abuja, at the end of the MPC meeting said that the committee decision are: MPR retained at 11.50%, asymmetric corridor of +100/-700 basis points around the MPR, CRR was retained at 27.5%, While Liquid Ratio was also kept at 30%.

Author Profile

Abdulrahman Obaje
Abdulrahman Obaje
Prince Abdulrahman Obaje is a Media and ICT Consultant, Journalist, online marketer, social media strategist, Mathematician and Computer Scientist based in Abuja, Nigeria. He is the Founder and the Publisher of The Informavores!. You can reach me on +234 805 939 5252 or send i-witness report directly to me on news@informavores.com.ng.
ALSO READ  Open Tiami Rice Now or Else - Federal High Court
Latest entries
ALSO READ  Assent to CAMA Act, Result of Harmonious Relationship Between NASS and the Executive- Senate

Continue Reading

Copyright © 2021 Informavores Nigeria Communication Enterprises | Powered by ObajeSoft Inc