Senate President, Dr. Abubakar Bukola Saraki, has said that the achievements recorded by the National Assembly Business Environment Round-table (NASSBER) through which legislations that will reshape the national economy have been passed were clear indications that the nation can only develop if there is co-operation between government and the private sector.
Saraki made the remarks during a dialogue session to mark the first anniversary of the National Assembly Business Environment Roundtable (NASSBER) in Abuja, according to a statement by his Chief Press Secretary, Sanni Onogu.
Also yesterday, experts, international development partners and critical stakeholders in the country’s economy, lauded the National Assembly for the NASSBER Initiative which has resulted in a novel synergy between the legislative arm of government and the private sector in ensuring that the nation’s business environment is competitive enough to guarantee profits and attract of investors.
“For us in the 8th National Assembly lawmaking is not about the number of bills, it is more about impact and we will continue to focus on quality and impact on our people over any other considerations,” Saraki said, adding that, “this is what makes the 8th National Assembly unique as we are determined to only make laws that will have positive impact on our people.”
He noted that for the first time in the history of the country, the National Assembly, in partnership with the private sector, through the NASSBER, initiated a research study to review the legislative instruments impeding doing business in Nigeria and received a report detailing the necessary legislative action required to begin the process of changing the unsupportive legal structures, weak institutional base and obsolete regulatory frameworks in the nation’s business environment.
The Senate President thanked the Nigeria Economic Summit Group (NESG), Department for International Development (DFID), ENABLE project, and the Nigerian Bar Association – Section on Business Law (NBA, SBL) for their steadfastness and commitment to the vision and purpose of NASSBER, which is to facilitate constructive engagement and collaboration between the National Assembly and the Private sector.
Speaker of the House of Representatives, represented by the Deputy Speaker, Yussuf Lasun, noted that the NASSBER initiative was a right step in the right direction towards the enhancement of the economy.
He said: “A little over a year ago when NASSBER was inaugurated, we were very confident it was the right step to take if we were indeed committed to bringing our economy out of recession, and stimulating long term economic growth that is inclusive and sustainable for the shared prosperity of all Nigerians.
“As a result of this effort, I am more confident that our economy would attract ‘agile private sector that can innovate and respond to global opportunities’, as contemplated in the Economic Recovery and Growth Plan (ERGP) of this government,” he said.
Also yesterday, experts lauded the 8th National Assembly for its novel partnership model geared towards economic growth and enhancing the ease of doing business.
The Country Head, UK Department for International Development (DFID), Mr. Ben Mellor, represented by Mr. Richard Ough, Head of Economic Development Team of DFID, noted that he was pleased to have been part of the success story of NASSBER.
Mellor said: “I’m pleased with the progress that NASSBER has been made in its first year…This progress is encouraging and sends positive signals about Nigeria’s direction of travel. The UK is delighted to have been a partner with the National Assembly on this.
On his part, the Chairman of the Nigerian Economic Summit Group, Mr Kyari Bukar, represented by his deputy, Asuen Ighodalo, said that the 8th National Assembly and its partners in the NASSBER process have diligently demonstrated their commitment to contribute to the reform of the Nigerian economy into a “transparent, efficiently regulated, private sector led, globally competitive economy. It is a commitment that the Nigerian Economic Summit Group (NESG) is proud to be a part of.”
President of the Nigerian Bar Association, Abubakar Mahmoud, SAN, who was represented at the event, commended the leadership of the National Assembly especially the Senate President and Speaker of the House of Representatives, for the unprecedented collaboration with the private sector and development partners to bring about ease of doing business in the country
