The National Assembly will this week forward to President Muhammadu Buhari for assent, already passed eight Bills that would assist the executive in getting the country out of economic recession currently facing it.

This followed Senate’s passage of the Bills last week at a single sitting having earlier been considered and passed to the House of Representatives all in demonstrating commitment to employing all legislative mechanisms at its disposal to end the current economic recession in the country.

The Bills that would be presented to the President include the Telecommunication and Postal Offences Act (Amendment) Bill, National Crop Varieties, Livestock Breeds (Registration) Act (Amendment) Bill, Produce (Enforcement of Export Standards) Act (Amendment) Bill, Prevention of Crimes Act (Amendment) Bill, Water Resources Act (Amendment) Bill, National Agricultural Land Development Authority Act (Amendment) Bill, Bee (Import Control and Management) Act (Amendment) Bill and Agricultural and Rural Management Training Act (Amendment) Bill.

Commenting on the move through a press statement yesterday, the Senate President, Bukola Saraki, emphasised the importance of the Bills in ending Nigeria’s economic contraction and stated that the Bills will be promptly forwarded to President Muhammadu Buhari for his signature this week.

Saraki in the statement said:’ “By now it is clear that the Senators take Nigeria’ economic situation very seriously. If you recall, one of the points from the 21-point resolution passed by the Senate on the economy stated that it would fast-track all economic related bills. What this Senate has done is match its words with its actions.

“The 8 Bills, which are all primarily amendments to existing laws, are aimed at strengthening the enforcement mechanisms in sectors of the economy that can help boost Internally Generated Revenue.

“Important highlights of the Bills include the amendment to the Telecommunication and Postal Offences Act, which is aimed at increasing some of the prescribed penalties, fines and compensations for non-compliance with the Act. This is intended to help boost investment and participation in the telecommunications sector.

“Additionally, the National Crop Varieties, Livestock Breeds (Registration) Act (Amendment) Bill, Produce (Enforcement of Export Standards) Act (Amendment) Bill, National Agricultural Land Development Authority Act (Amendment) Bill, Bee (Import Control and Management) Act (Amendment) Bill, and the Agricultural and Rural Management Training Act (Amendment) Bill are all aimed at bolstering the standards in Nigeria’s Agricultural sector to help the country achieve more economic diversification”.

The Senate President who doubles as the chairman of the National Assembly added that in moving Nigeria forward, the National Assembly will adopt a united and efficient approach to getting its economy back on track.