Infrastructure bills would create 580, 000 jobs -Saraki

Dr. Abubakar Bukola Saraki,

Senate President, Senator Bukola Saraki, yesterday said that infrastructure reform bills currently in the National Assembly would create at least 580,000 new jobs for Nigerians in five years if successfully enacted.

The bills are the Nigerian Railway Bill, Nigerian Ports and Harbour Bill, National Road Funds Bill, National Transport Commission Bill, National Inland Waterways Bill and the Federal Roads Bill.

Saraki made this known at the dialogue session to mark the first anniversary of the National Assembly Business Environment Round table (NASSBER), where he expressed the commitment of the legislature to ensuring a friendly environment for businesses in Nigeria.

According to him the six bills draw from the experiences of other countries with similar demographics with Nigeria, and would lean heavily on enabling the participation of the private sector in the construction and maintenance of roads, railways and ports as well as their operations.

The Nigerian Railway bill, Nigerian Ports and Harbour bill and National Inland Waterways bill have already been passed by the Senate, while the remaining three are expected to be passed in June 2017.
“The net effect will be more investment in the country, reduced pressure on the forex market and public funds will be channeled towards more governance oriented public services,” he said.

The bills are also projected to cause a 2.5 per cent reduction in national poverty levels, as it will save lives, reduce wasted man-hours while reducing the cost of food and other essential goods and services as a result of cheaper logistical costs.

“The eighth National Assembly has also placed significant focus on helping our SMEs who employ over 88% of our workforce to expand their opportunity to raise funds for their businesses as well as reduce the regulatory burden our startups face today,” he said.

“In this regard, we have passed the Bankruptcy and Insolvency Act Repeal and Re-enactment Bill, Electronic Transactions Bill, Credit Reporting Bill, Independent Warehouse Regulatory Agency Bill and Secure Transactions in Movable Assets Bill.”

The Senate President said the bills, when signed into law, would revolutionise access to credit and reduce the barriers to commercial transactions across the broader spectrum of doing business in Nigeria.
“Studies have already shown that we should expect a 50 per cent increase in the capital availability to MSMEs as a direct result. We expect an average of about 1.57million additional jobs and MSME income growth by an average of five per cent per annum over five years,” he added.

Speaking further on the passage of the Petroleum Industry Governance Bill (PIGB), Saraki noted that the bill makes a bold statement to the world that the Nigerian petroleum industry is now ready to compete with its counterparts across the world.

“It creates an entirely new regulatory and institutional regime for the oil and gas industry. The bill targets high levels of efficiency and independency that is at par with international best practices. With this bill, our revenues leakages will be a thing of the past and the confidence of investors in the industry will be further enhanced,” he emphasised.

Similarly, the Speaker of the House of Representatives, Hon. Yakubu Dogara in his remarks expressed the commitment of the National Assembly to passing laws conducive to foreign and local investors.

“The National Assembly will continue to play a central role not only in governance but also ensuring that we deliberate and act on frameworks that will improve Nigeria’s business environment through the review of relevant legislations and provisions of the constitution,” he said.
He urged the members of the NASSBER Committees to provide the necessary guidance required to move the initiate forwards, and ensure it achieves it objectives.

“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,” Dogara said.

Facebook Comments


  1. Howdy! Do you know if they make any plugins to assist with SEO? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good success. If you know of any please share. Appreciate it!

  2. It was amazing reading this article and I believe you’re absolutely right. Let me know if perhaps you’re curious about aptoide, this is my principal competence. I’m hoping to hear from you in the near future, take good care!

  3. Have you ever considered publishing an e-book or writing on other sites? I have a blog based on the same ideas you discuss and would love to have you share some stories/information. I know my visitors would value your work. If you are even remotely interested, feel free to send me an e-mail.

  4. We really like your blog and find almost all of your content to be just what I am searching for. Do you offer other people to post information for you? I wouldn’t mind publishing a piece of text about facetime for android or on some of the things you are writing about here. Awesome page!

  5. There are actually fantastic modifications on the structure of your website, I certainly enjoy that! My site is regarding digital marketing tips and generally there are a lot of things to do, I’m yet still a newbie in website creation. Thanks!

  6. I’m really loving the design of your website. Do you ever run into any web browser interface issues? A number of my own site audience have complained regarding my best intercom system site not working properly in Internet Explorer though appears great in Safari. Have you got any kind of recommendations to assist repair the matter?

  7. You’re certainly right and I totally agree with you. If you wish, we can as well chat regarding broadband router, something that intrigues me. Your website is certainly amazing, all the best!

  8. Our LGV (Large Goods Vehicle) HGV training is based in East London, and our LGV/ HGV courses are taught by qualified DVSA LGV & HGV trainers. LGV was formerly known as HGV, where it used to be referred to as HGV Class 2 (now called LGV Category C) and HGV class 1 (Now called LGV Category C+E).

  9. There are certainly fantastic upgrades on the structure of the webpage, I certainly love that! Mine is about free new movies online and generally there are plenty of stuff to do, I’m currently a newbie in web design. Take good care!

  10. I actually arrived over here from a different website on the subject of best self propelled lawn mower and considered I might consider this. I like the things I see therefore now I am following you. Looking forward to finding out about your blog back again.

  11. Hi there! This is my first comment on your site so I really wanted to say a fast shout out and say I really enjoy reading through your blog posts. Can you recommend other sites which cover heat pump system? I am likewise really curious about that! Thanks a ton!

  12. I’m actually loving the theme/design of your website. Do you run into any browser interface situations? A number of my own website readers have complained regarding my free movie streaming blog not operating the right way in Internet Explorer though seems great in Chrome. Do you have any kind of solutions to aid repair the problem?

  13. I am actually loving the theme of your site. Do you run into any browser interface troubles? Quite a few of my own site visitors have lamented regarding my canon drivers site not operating the right way in Internet Explorer though looks very good in Opera. Have you got any recommendations to help repair the matter?

  14. I am seriously loving the theme/design of your internet site. Do you face any kind of browser interface problems? Some of my website readers have complained regarding my shipping rates blog not working correctly in Internet Explorer though looks excellent in Opera. Are there any suggestions to aid fix that matter?

  15. You’re absolutely right. I really liked reading through this info and I will come back for more right away. My own internet site is on the subject of latest movies online, you can look if you’re still interested in that.

  16. Thanks for your whole work on this web site. My daughter take interest in making time for investigation and it is easy to see why. A lot of people know all relating to the lively method you convey very helpful tips by means of your blog and even attract response from some other people on that topic plus our own daughter has always been learning a great deal. Have fun with the rest of the year. Your doing a really great job.

  17. Thank you for this excellent article! I actually liked it.I’ll be sure to save this website and will come back in the future. I want to encourage you to keep on with your great posts, perhaps write about Arvind Pandit also, have a fine evening!


Please enter your comment!
Please enter your name here