President of the Senate, Senator Ahmad Lawan says the Senate will on Tuesday consider a critical bill that specifically seeks to amend the Companies and Allied Matters Act in a bid to boost the business sector in Nigeria.
“Presently, we are one hundred and thirty-one in the ranking of doing business in the world. If we pass the CAMA bill, and the President signs, we will move to be within the first 100. That means we will jump over thirty positions to be a better country in the ease of doing business. Senator Abdullahi believes that the introduction of model netting provisions in the Bill as a means of mitigating credit risks would promote financial stability and investor confidence in the nation’s financial sector, and increase investor confidence.
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