NESG commends Saraki over Passage of Railway Bill
(Nigeria) The Nigerian Economic Summit Group, NESG, has commended the Senate President, Dr. Abubakar Bukola Saraki, for his "leadership and unflinching commitment" that led to the recent passage of the Nigerian Railway Corporation, NRC, Bill, by the Senate.
Chief Executive Officer (CEO) of the NESG, 'Laoye Jaiyeola,
who made the assertion in a letter of commendation to the Senate President,
dated July 22, 2016, specifically appreciated the Senate for the accelerated
consideration and passage of the NRC Bill.
Jaiyeola noted that the passage of the Bill "marks a
very significant milestone in Nigeria's history and further demonstrates the
role of our legislature in the nation's economic development."
He expressed hope that the Bill would mark the first journey
that the private sector and the legislature under the National Assembly
Business Environment Roundtable, NASSBER, have commenced to improve Nigeria's
business environment.
The letter entitled: "Passage of the Nigerian Railway
Corporation Act 1955 Repeal and Re-enactment Railway Bill, 2016" reads in
part: "On behalf of our partners in the National Assembly Business
Environment Roundtable, Nigerian Economic Summit Group, UK Department for
International Development's ENABLE II programme and Nigeria Bar Association's
Section on Business Law, I write to congratulate and express our deep
appreciation to the Senate of the Federal Republic of Nigeria, for successfully
passing the Nigerian Railway Corporation Act 1955 Repeal and Re-enactment
Railway Bill, 2016.
"This definitely marks a very significant milestone in
Nigeria's history and further demonstrates the role of our legislature in the
nation's economic development. This Bill provides for the procurement of
private sector participation in Railway Services, provide for the regulation of
the railway sector, promote the efficient and sustainable development and
operation of the railway sector and facilitate the development of competitive
markets for services in the railway sector.
"Your Excellency, we commend your leadership as well as
your unflinching commitment to the entire process that led to the passage of
the Bill. You will recall that we presented the Final Report of the
Comprehensive Review of the Institutional, Regulatory, Legislative, and
Associated Instruments Affecting Business in Nigeria on February 29 this year,
which listed this particular Bill as one of the priority legislations.
"Thereafter, you declared the Inaugural National
Assembly Business Environment Roundtable event open on March 21 in the New
Senate Building. We subsequently made a presentation to the Public Hearing on
the Bill and were later invited to serve in the Technical Committee by the
Senate Committee on Land Transport to work with it in reviewing the Bill. We
express our immense gratitude to you for ensuring that this partnership has
been sustained.
"It is indeed our expectation that the passage of this
Bill marks the first journey that the private sector and the legislature under
NASSBER have commenced to improve Nigeria's business environment," it
added.
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