,
6 tweets,
5 min read
Read on Twitter
The 8th @NASSNigeria's Bill to repeal and re-enact the Companies and Allied Matters Act (#CAMA) has been transmitted to @NGRPresident @MBuhari for his assent. This Bill is a major milestone that will signify Nigeria’s readiness for a modern business environment.
The #CAMA, which was initiated as one of the 8th @NASSNigeria’s economic priority Bills, will not only promote the #EaseOfDoingBusiness in Nigeria, it will also give new life to our #SMEs that provide about 84% of the available jobs across the nation.
I congratulate my colleagues in the 8th @NASSNigeria for this significant milestone. Hopefully, @NGRPresident @MBuhari will sign #CAMA into law in order to promote greater investor confidence and demonstrate that Nigeria is ready to compete economically with the rest of the world
Make no mistake, the passage of #CAMA has been the biggest legislative undertaking in the history of Nigeria’s legislature due to the sheer size and impact of the Bill and the broad nature of technical stakeholder engagements that led to its passage.
Once #CAMA is signed into law, it will reshape the way Nigerians do business by markedly reducing many of the unnecessary regulatory hurdles that #SMEs encounter. Its assent will also signal to the rest of the world that truly, #NigeriaIsReadyForBusiness.
#CAMA is a fulfilment of the 8th @NASSNigeria’s Legislative Agenda, which was aimed at growing our local economy and creating a conducive environment for businesses to thrive through targeted legislation. #PromiseKept
