Nigerian Senate is set to provide the much-needed legislative framework to enable the federal government to pursue its diversification policies to improve the Nigerian economy.
Senate, accordingly, seeks to achieve this objective with the passage of the Nigerian Economic Diversification Bill 2022 presently before the National Assembly.
A public hearing on the bill sponsored by the Deputy Whip, Senator Aliyu Sabi Abdullahi is slated for Monday, December 19th, 2022, and is organised by the Committee on National Planning.
The bill, which was read for the first time on December 8, 2021, seeks to establish the Nigerian Economic Diversification Council, as well as provide for the Nigerian Resource Development Plan.
It also provides for the transfer of technology for Nigerian capacity development and succession plan, establishment and management of startup development programme, issuance of work permits and expatriate quotas, and formalisation and development of artisanal and small-scale miners of solid minerals.
The bill in its provisions specifically focuses on the promotion of Nigerian Content Development in automobile manufacturing, the maritime industry and the credit guarantee scheme.
Dominica Nwabufo
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