The President of the Senate, Dr Bukola Saraki, says the Senate will pass 11 Bills before the end of 2016 aimed at tackling the economic recession the country is facing.
Speaking at a dialogue at the 22nd Nigerian Economic Summit here Tuesday, he added that since the beginning of the year, the Senate had worked hard to fast-track the over 40 priority Bills in the Senate.
He said that the 40 bills were recommended by the National Assembly Business Environment Roundtable (NASSBER), an initiative in which the Nigerian Economic Summit Group was a major partner.
Saraki also said that the Senate would ensure the passage of the Petroleum Industry Bill (PIB) in this administration by breaking the Bill into different sections for ease passage.
According to him, with the passage of the PIB, Nigeria will generate more revenue from oil, thereby putting the nation on track to come out of the recession.
“By focusing more on outcomes, rather than processes,” Saraki said, “the Nigerian Senate has been able to pass 20 Bills for Final Reading in two weeks,” he said.
Saraki commended the organizers of the economic forum for keying into the Senate’s plan for generating more revenue from home-grown businesses with the theme ‘Made in Nigeria’.
“Earlier this year, when in the Senate we started the ‘Made in Nigeria’ campaign, we knew how important it was, but even we did not foresee how far it would go,” he added.
“To promote the patronage of our domestic businesses, the Senate has gone as far as amending the Procurement Act to urge government ministries, departments and agencies to key into this initiative.”
Source: NAM NEWS NETWORK