National Economy Newspaper
Sunday, March 7, 2021
  • Home
  • News
    • Cover Story
    • International News
  • State In Focus
  • Local Commodities
  • Personal Finance
  • Special Reports
  • Others
    • Bag of Rice Index
National Economy Newspaper
  • Home
  • News
    • Cover Story
    • International News
  • State In Focus
  • Local Commodities
  • Personal Finance
  • Special Reports
  • Others
    • Bag of Rice Index
No Result
View All Result
National Economy Newspaper
No Result
View All Result

PIB: Nigeria Must Ensure Competitive Environment For Business, Investment-Senate President

. Says NASS will pass PIB next year, 2021 budget December

4 months ago
in News
Reading Time: 2min read
131 2
0
The Senate president, Senator Ahmed Lawan,
153
SHARES
1.9k
VIEWS
Share on WhatsAppShareTweet this

The Senate president, Senator Ahmed Lawan, has said Nigeria must ensure a competitive environment for business and investment to thrive.

Lawan made the disclosure at a retreat for top management staff of the National Assembly and National Assembly Service Commission (NASC) at the Transcorp Hilton in Abuja yesterday.

Consequently, he said the National assembly is working assiduously to pass the Petroleum Industry Bill (PIB) into law before the end of the second quarter of 2021.

samndaads

Senator Lawan, who described the bill as one of the most essential legislations that the country will have, said the assembly is taking its time to pass the bill because this is a very delicate and sensitive piece of legislation.

“We will take our time to ensure that what comes out of the National Assembly in the PIB is a product of legislation that will ensure that Nigeria earns its revenues from this industry as it should and of course also support our business people, the oil companies that are investing and in fact retain and encourage new ones to come to Nigeria to invest.

samndaads

“So, it has to be a win-win for all of us. We will not be selfish as a country, trying to take everything. No!

Alluding to the current value of oil, Senator Lawan said almost every country now has oil. “So, if you don’t provide a competitive environment in Nigeria, oil companies will have no difficulty relocating to other countries. So, we will ensure that we have a competitive environment for business and for investment.”

Regarding the constitutional amendment, Lawan said, “The constitution amendment, of course at the moment, is not very warm because of the activities of members of the National Assembly on the 2021 budget but the two committees in the Senate and the House are already working behind the scene to ensure that as soon as we pass the budget, the constitution amendment activities will start in earnest.

“We believe that we should pass our amendments within 2021. Similarly, the amendment to the Electoral Act is going to be within that year 2021 to ensure that we don’t encounter unnecessary distractions.

“The National Assembly is working hard to see to the passage of the 2021 Appropriation Bill in the next three weeks,” Lawan added.

SendShare61Tweet38ShareShare11

Related Posts

Crude Oil Prices Surge By 5% On OPEC Production Agreement
News

Crude Oil Prices Surge By 5% On OPEC Production Agreement

2 days ago
Saudi Arabia Congratulates Nigeria On Implementation Of Oil Output Cut
News

Saudi Arabia Congratulates Nigeria On Implementation Of Oil Output Cut

2 days ago
MTN Expands Cardless Cash Withdrawal Service To 20 Banks
News

MTN Expands Cardless Cash Withdrawal Service To 20 Banks

2 days ago
FIRS Targets N5.9trn Tax And Other Revenue Collection For 2021
News

FIRS Targets N5.9trn Tax And Other Revenue Collection For 2021

2 days ago
FG Inaugurates FCCPC, Consumer Tribunal Boards
News

FG Inaugurates FCCPC, Consumer Tribunal Boards

2 days ago
MOMAN Says Dangote Refinery Will Be Extremely Beneficial To Nigeria
News

MOMAN Says Dangote Refinery Will Be Extremely Beneficial To Nigeria

2 days ago

Popular

  • How Diaspora Taxation Can Shore Up Nigeria’s Revenue Base

    How Diaspora Taxation Can Shore Up Nigeria’s Revenue Base

    177 shares
    Share 71 Tweet 44
  • Policy Inclusion: African Farmers Stories To Train Youths On Drone

    154 shares
    Share 62 Tweet 39
  • New Carbon Footprint Calculator to Track Consumption

    159 shares
    Share 64 Tweet 40
  • CBN Approves New Cheque Standard For Banks

    162 shares
    Share 65 Tweet 41
  • CBi Unveils Web-based Solution For MSMEs

    159 shares
    Share 64 Tweet 40
  • Lush Hair Sponsors NASHCO Annual Hair Contest

    159 shares
    Share 64 Tweet 40
  • GEORGE’S MIDAS TOUCH IN THE NATIONAL INLAND WATERWAYS AUTHORITY

    158 shares
    Share 63 Tweet 40
  • Nigerians Can Now Make Money From Growing Stevia – Agribusiness Expert

    168 shares
    Share 67 Tweet 42
  • Ajaokuta Steel’s 100 Years Lifespan

    159 shares
    Share 64 Tweet 40
  • Themap Assures Business Partners Not To Panic Over Hackers’ Attack On Instagram Page

    161 shares
    Share 64 Tweet 40
  • Trending
  • Comments
  • Latest
How Diaspora Taxation Can Shore Up Nigeria’s Revenue Base

How Diaspora Taxation Can Shore Up Nigeria’s Revenue Base

January 9, 2021
Policy Inclusion: African Farmers Stories To Train Youths On Drone

Policy Inclusion: African Farmers Stories To Train Youths On Drone

February 15, 2021
New Carbon Footprint Calculator to Track Consumption

New Carbon Footprint Calculator to Track Consumption

July 24, 2020
CBN Releases Guidelines For MFBs As Deadline Approaches

CBN Approves New Cheque Standard For Banks

October 6, 2020
Crude Oil Prices Surge By 5% On OPEC Production Agreement

Crude Oil Prices Surge By 5% On OPEC Production Agreement

March 5, 2021
Saudi Arabia Congratulates Nigeria On Implementation Of Oil Output Cut

Saudi Arabia Congratulates Nigeria On Implementation Of Oil Output Cut

March 5, 2021
MTN Expands Cardless Cash Withdrawal Service To 20 Banks

MTN Expands Cardless Cash Withdrawal Service To 20 Banks

March 5, 2021
FIRS Targets N5.9trn Tax And Other Revenue Collection For 2021

FIRS Targets N5.9trn Tax And Other Revenue Collection For 2021

March 5, 2021
National Economy Newspaper

©2020 National Economy

Links

  • Home
  • Privacy & Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • News
  • Alpha Companies
  • Business
  • Exclusive 🔒
  • Local Commodity
  • Viable States
  • Personal Finance
  • Special Reports

©2020 National Economy

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Go to mobile version