The House of Representatives commends the presidency for assenting to CAMA bill, 2020. This was contained in a statement made by Benjamin Kalu, the spokesman of the House of Representatives. Benjamin Kalu who expressed so much optimism over the assent given by the president on CAMA bill, 2020 noted that the bill will facilitate the ease of doing business in Nigeria.
His statement reads;
“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 @Mbuhari 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 @femigbaja 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 @nassnigeria to facilitate the ease of doing business in Nigeria. Its final assent into law marks a key milestone in the fulfillment of the legislative agenda of the House under the leadership of Speaker @femigbaja and is attributable to the harmonious working relationship between the Legislature and the Executive.
The Nigerian economy remains a priority for the 9th House and in the same manner with which it swiftly and diligently passed the Finance Act, the Deep Offshore Sharing Formula Act, and the revised Appropriation Act 2020″.
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