Reps Hail Buhari Over CAMA Bill’s Assent
The House of Representatives have hailed President Muhammadu Buhari for assenting to the recently passed Companies and Allied Matters Act (amendment) Bill 2020.
President Buhari had on Friday assented to the Bill which has been in use over 30 years.
The Spokesman of the House of Representatives, Benjamin Kalu, said the CAMA’s amendment was a key priority of the 9th House and necessary to address national economic challenges as well as improve the legal framework for doing business in Nigeria.
He said, “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 fulfilment 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.”
Kalu said the House will continue to deploy strategic legislative interventions to improve governance and make the business environment more accommodating.
He assured that the representatives will also prioritize the Electoral Act (amendment) Bill, the Constitution Amendment, and the Petroleum Industry Governance Bill (PIGB), among other important legislations.