News
Senate passes bill to scrap FERMA
The Senate on Wednesday passed the Federal Road Bill which seeks to repeal the Federal Roads Maintenance Agency Act, Federal Highways Act, and the Control of Advertisement on Federal Highways Act..
The proposed law is aimed at facilitating the establishment of an agency to govern and manage the nation’s federal roads network.
When established, the agency is expected to facilitate private sector participation in the development, financing, maintenance, management, and improvement of roads in Nigeria.
It would also regulate contracts for road concession and other forms of public private partnership as well as set guidelines for the working of PPP contracts.
The bill was sponsored by the Deputy Minority Leader of the House of Representatives, Toby Okechukwu (PDP, Enugu) and Ossai Nicholas (PDP, Delta).
It was sponsored in the upper chamber by the Senate Leader, Yahaya Abubakar (APC, Kebbi) for concurrence and passage in line with legislative traditions.
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Economy2 days agoGoods worth millions of naira destroyed as fire guts spare parts market in Ibadan
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