The Nation Newspaper Outdated laws hinder smooth operation of public institutions, says Speaker Abbas
, Tajudeen Abbas, on Wednesday, July 17, said outdated laws and regulations hinder the smooth operation of public institutions responsible for facilitating business activities.
The Bills are for the establishment of the Chartered Institute of Co-operators and Social Enterprise Management, Institute of Debt Recovery Practitioners of Nigeria, Agro Processing Export Free Zone, Integrated Corporate Data Management Commission, and Institute of Chartered Corporate and Business Affairs Management of Nigeria.
“One of the pressing issues we face is the absence of professional bodies to oversee and regulate important sectors such as debt recovery practitioners, co-operators, social entrepreneurs, agro-processing exporters, corporate data management, and corporate affairs management. Without proper oversight and regulation, these sectors are vulnerable to exploitation and malpractice, which can have far-reaching consequences on our economy.
“Furthermore, the Agro-Processing Export Free Zone holds immense potential for boosting agricultural productivity, facilitating international trade, and creating employment opportunities in rural areas. This strategic move underscores our dedication to harnessing the agricultural sector’s full potential for sustainable growth and food security.
The House Committee on Commerce, Ahmed Munir, assured of collaboration with other arms of government to expedite the bill’s passage into law.
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