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ISA, CAMA Bills Will Attract More Investments Into Nigeria—Saraki

By Dipo Olowookere

Senate President, Mr Bukola Saraki, on Wednesday received report of the Technical Committee on the Investments and Securities Act (ISA) and the Companies and Allied Matters Act (CAMA).

The two bills, according to the Senate President, form the core of the upper parliament’s mandate and promise to Nigerians that “we will improve the economy.”

Speaking while receiving the report in Abuja yesterday, Mr Saraki said further that the CAMA and ISA bills were two of the last Economic Priority Bills of the Senate and the National Assembly.

He commended the committee for their diligence in contributing to the growth of the country’s economy and promised that all would be done to influence the quick passage of the bills.

The number three citizen of Nigeria described the two bills as “highly important because they will promote more investments in the country and make Nigeria more conducive for doing business.”

He emphasised that, “What we are doing now places us in a position to make us competitive moving forward. At the 8th National Assembly, we have made improving the economy of the nation one of our priorities.”

Mr Saraki expressed optimism that the bills, when passed and signed into law, will have huge positive impact on the nation’s economy.

“I am confident that if we can pass the Investments and Securities Act (ISA) and the Companies and Allied Matters Act (CAMA), they will help us significantly in the area of attracting more investments into the country,” the former Governor of Kwara State said.

The Senate President stressed that, “The core issue is still the economy – we need to get it right by creating jobs for our youths, more investments in the private sector, and empower our people through new opportunities. ISA and CAMA will help do this.”

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Dipo Olowookere is a journalist based in Nigeria that has passion for reporting business news stories. At his leisure time, he watches football and supports 3SC of Ibadan.

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