Business & Economy
President Buhari transmits Business Facilitation bill to N’Assembly

The Senate has received the Business Facilitation (Miscellaneous Provisions) Bill 2022, forwarded to the National Assembly by President Muhammadu Buhari, for consideration and passage.
The bill was accompanied by a letter dated 17th June, 2022.
The letter, addressed to the Senate President, Ahmad Lawan, was read during plenary on Tuesday.
President Buhari, in the letter, explained that the expeditious consideration and passage of the bill would promote the ease of doing business in Nigeria.
It reads, “Pursuant to Sections 58(2) of the 1999 Constitution of the Federal Republic of Nigeria (as amended), I forward herewith the Business Facilitation (Miscellaneous Provision) Bill 2022 for the kind consideration of the Senate.
“Business Facilitation (Miscellaneous Provision) Bill 2022 seeks to promote the war of doing business in Nigeria by amending relevant legislation.
“While hoping that this submission will receive the usual expeditious consideration of the Senate, please accept, Distinguished Senate President, the assurances of my highest consideration.”
Breaking
SON insist on international best practices, set-up committee to audit, certify education sector

In ensuring that educational management system in the country deliver on their mandate of impacting knowledge and skills, the Standards Organization of Nigeria (SON) has inaugurated national technical committee for adoption and certification of education management standards.
At the inauguration in Abuja, Farouk Salim, Director General of SON, said one of the challenges facing Nigeria has been international standards both in products and services delivery, which is why the organisation is aligning to best international practice.
“One of SON mandate is to support all businesses in determining quality of products/services using ; standardization, certifications and quality assurance. As such our decision to adopt this international standard on educational organizations management system ISO 21001:2018 is apt at this time when we have opened our borders to all forms of trade with other African countries.
“It is important that we promote and sustain our learning institutions by ensuring that the services that are provided in our schools meet the needs of learners, promote equal opportunities for all students and earn the confidence and approval of learners’ sponsors in order to contribute their quota to national growth and development,” he said.
Salim, represented by Engr. Timothy Abner, Director Training services at the SON added that although government is doing a lot to upgrade the standard of products and the education sector, he however also noted there should be additional effort of adopting and establishing this international best practice will assist Nigeria to always deliver globally recognized services and products in different sectors of the economy.
The Committee is to draw up requirements for bodies providing audit and certification of educational organizations management systems.
Business & Economy
Senate summons CBN Governor over naira fall

Business & Economy
Buhari seeks Senate’s nod on four re-appointed nominees as Directors of CBN board

The Senate, on Tuesday, received a request from President Muhammadu Buhari, to confirm the re-appointment of four nominees as Non-Executive Directors of the Board of the Central Bank of Nigeria.
The request was contained in a latter dated 21st July, 2022, and read at the start of plenary by the Senate President, Ahmad Lawan.
The President, in the letter, explained that the request to confirm the nominees was made in accordance with Section 10(3)(a) of the Central Bank of Nigeria (Establishment) Act 2007.
The nominees for confirmation include: Prof. Mike Idiahi Obadan (South South), Prof. Justitia Odinakachukwu Nnabuko (South East), Prof. Ummu Ahmed Jalingo (North East), and Mr. Adeola Adetunji (South West).