By Mercy Aikoye
The Speaker of the House of Representatives, Rt Hon Tajudeen Abbas, on Wednesday said outdated laws and regulations hinder smooth operation of public institutions responsible for facilitating business activities.
This, the Speaker said, has exacerbated the economic landscape of the country which is facing significant challenges.
He said this at a public hearing on five Bills organised by the House Committee on Commerce chaired by Hon Ahmed Munir.
The Bills are for the establishment of the Chartered Institute of Co-operators and Social Enterprise Management, Institute of Debt Recovery Practitioners of Nigeria, Agro Processing Export Free Zone, Integrated Corporate Data Management Commission, and Institute of Chartered Corporate and Business Affairs Management of Nigeria.
The Speaker said the Bills are pivotal in fostering growth, innovation, and sustainability in various sectors of our economy.
He said they have the potential to shape the future of our nation’s economic and business landscape.
The House Committee on Commerce, Ahmed Munir, assured of collaboration with other arms of government to expedite the bill’s passage into law.
He urged stakeholders to make valid input that would assist the parliament in making people oriented laws that would positively impact the wellbeing of all Nigerians.
He assured of the Committee’s readiness to make good use of all the opinions and suggestions.
“The House of Representatives, 10th Assembly – the People’s parliament is committed to its mandate of making laws for the betterment of our constituents who reposed so much trust in us by electing us into this Parliament for effective representation.
“The House Committee on Commerce being one of the Standing Committees of this Assembly is working tirelessly in ensuring that there is a change of narrative in the lives of the citizens…
“Every democratic dispensation is guided by laws/acts which helps in the smooth running of the government thereby setting the rules to follow to ensure that citizens benefit maximally all that the government has in stock for them. Today, let us make contributions with our best interests in mind. Let us join hands together and make history,” he said
