N’Assembly transmits CAMA to Buhari | Nairalaw

The national assembly has transmitted the Companies and Allied
Matters Act (CAMA) to President Muhammadu Buhari for assent.

Bukola Saraki, the senate president, made this known in a series
of tweets on Sunday.

The bill, which is designed to improve the ease of doing
business, will make it possible to register a company from any part
of the world.

“The 8th @NASSNigeria’s Bill to repeal and re-enact the
Companies and Allied Matters Act (#CAMA) has been transmitted to
@NGRPresident @MBuhari for his assent,” he wrote on Twitter.

“This Bill is a major milestone that will signify Nigeria’s
readiness for a modern business environment.

“The #CAMA, which was initiated as one of the 8th @NASSNigeria’s
economic priority Bills, will not only promote the
#EaseOfDoingBusiness in Nigeria, it will also give new life to our
#SMEs that provide about 84% of the available jobs across the
nation.”

According to the senate president, the bill is the biggest
legislative undertaking in the history of Nigeria’s legislature due
to the size and impact of the bill.

“Once #CAMA is signed into law, it will reshape the way
Nigerians do business by markedly reducing many of the unnecessary
regulatory hurdles that #SMEs encounter.

“Its assent will also signal to the rest of the world that
truly, #NigeriaIsReadyForBusiness.”

The 8th @NASSNigeria^[1]‘s Bill to repeal and
re-enact the Companies and Allied Matters Act (#CAMA^[2]) has been transmitted to
@NGRPresident^[3] @MBuhari^[4] for his assent. This
Bill is a major milestone that will signify Nigeria’s readiness for
a modern business environment.

— Abubakar Bukola Saraki (@bukolasaraki) March
31, 2019^[5]