We will review obsolete laws to meet current economic challenges – Saraki

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Abuja  –  The President the Senate, Bukola , has assured Nigerians that the would obsolete laws to meet current challenges.

This is contained in a statement by the Chief Press Secretary to the president the Senate, Mr Sanni Onogu in Abuja Monday.

, according to the statement, gave the assurance when a team consultants from the Department for International Development (DFID) paid him a courtesy visit.

The statement noted that the had informed that 54 of the country’s existing laws should either be amended or repealed to attract investors and become business friendly.

He said the was collaborating with the private sector, development partners, professional groups and the academia to laws affecting business in the country.

He added that when concluded, the would give to a new business that would revenue generation, solve the problem of unemployment, curb social vices and restore national values.

He said the present challenge confronting was an for leaders to become resourceful.

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He added that the drop in oil price was a wakeup call for leaders, the private sector and other to put measures in place for a post-oil era, while government provided the enabling .

Saraki further assured that the Senate and the House of would continue to support President Muhammed Buhari’s policy diversification of economy.

He said that the legislature believed in the ingenuity, creativity, entrepreneurship of Nigerians.

The leader of the team of from DFID, Prof. Paul Idornigie, said they had examined 54 laws and carried out a comprehensive analysis of 50 bills pending before the two chambers of the .

Idornigie said the analysis would help the legislature to focus some areas that required urgent intervention.

He said the team also recommended nine bills, adding that if passed into in the of the 8th National Assembly, would reform the business .

Some of the bills are Federal Competition and Consumer Protection, Federal Roads Authority and National Inland Waterways Authority.
Others are National Roads , National Transport Commission, Nigerian Ports and Harbours Authority, Nigeria Postal Commission and Nigeria Railway Authority Bills 2015.

The team also recommended establishment of a Federal Legislative Clearing House to scrutinise and review bills before they are presented to the respective legislative chambers for first reading. (NAN)