Senate President, Dr. Bukola Saraki

Omololu Ogunmade in Abuja

Senate President, Dr. Bukola Saraki, will Monday formally receive the Business Environment Legislative Review Report developed by a team of Legal Advisers to the ENABLE-DFID programme, led by Prof. Paul Idornigie (SAN).

A statement by Saraki’s Special Assistant on New Media, Bankole Omisore, said the move initiated by the Senate President was in fulfilment of his commitment to social accountability as well as the legislative agenda of the Eight National Assembly with the intention to create a business friendly environment in the country.

Excerpts from the statement read:”Following the legislative agenda of the Senate and House of Representatives of the Eight National Assembly, and in consultation with the Nigerian Economic Summit Group (NESG), the Nigerian Bar Association – Section on Business Law (NBA-SBL) and other key private sector stakeholders; the Office of the Senate President initiated a review of the institutional, regulatory and legal instruments currently constraining and impeding business activity in Nigeria.

“With the technical aid and support of ENABLE-DFID and GEMS 3 programmes, a team of experts conducted a business environment legislative review covering the entire raft of legal structures affecting businesses today. The underlying objective of the review is to provide a framework for the assessment and improvement of legislation and policy affecting businesses in Nigeria.”‎

The statement added that Idornigie led the team of legal advisers who conducted the research of business environment acts and bills and also developed the business environment legislative review report.

It added that the report would propose priority legislative areas that would provide a solid foundation of evidence to set priorities for new and revised business environment legislation by the National Assembly.

“With the reform of key sectors of the economy, there is a critical need to facilitate an enabling environment for private sector participation. There are bills pending before the National Assembly that are of priority importance to doing business and overall private sector development in Nigeria, especially in infrastructure delivery,”‎ the statement added.

The presentation which will take place at the National Assembly today will be attended by Speaker of the House of Representatives, Hon. Yakubu Dogara; World Bank representatives; Chairman of the NESG, Mr. Kyari Bukar, the Nigerian Bar Association – Section on Business Law (NBA-SBL) representatives led by Asue Ighodalo; and private sector and media representatives.