Senate Passes Public Private Partnership Regulatory Commission Bill

Senate Passes Public Private Partnership Regulatory Commission Bill

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Senate Passes Public Private Partnership Regulatory Commission Bill

The Senate on Wednesday at plenary,   passed the Public-Private Partnership Regulatory Commission Bill, 2022. Also passed was the Chartered Institute of Electrical and Electronic Engineering of Nigeria (Establishment) Bill, 2022.

The passage of the bills followed the consideration and adoption of two separate reports of the Committees on Works and Establishment and Public Service.

Sen. Emmanuel  Orker-Jev (PDP- Benue), in a presentation delivered on behalf of the Chairman, Committee on Establishment and Public Service, Ibrahim Shekarau,  said the Chartered Institute of Electrical and Electronic Engineering of Nigeria (Establishment) Bill, 2022, sought to provide the requisite legal and institutional framework for the Institute.

He said that upon its passage and assent into law, the bill would provide the necessary legal regime for the effective specialisation, standardisation and professionalism of the field of engineering in Nigeria.

However, the report on the Public Private Partnership Regulatory Commission Bill, 2022, was presented by Sen. Adamu Aliero ((PDP-Kebbi ). Aliero said the bill sought to strengthen and enhance the supervisory role of the commission and effectively position it in regulating the participation of the public and private sectors.

The commission’s scope, he noted, would include the financing of construction, development, designing, operation or maintenance of infrastructure, service or development projects of the Federal government through public private partnership arrangements.

The Senate President, Dr. Ahmad Lawan, in his remarks on the Public Private Partnership Bill, said: “We have so much Infrastructural deficit and yet we have very little resources to deal with our deficit. READ: FG to Screen Capital Projects for Public-Private Partnership Viability

“It is important that we diversify our sources of funding for our infrastructural development.

“This piece of legislation will turn around in a way, our approach to the development of our infrastructure in Nigeria.”

Both bills were passed by the senate after a clause-by-clause consideration by the Committee of the Whole. #Senate Passes Public Private Partnership Regulatory Commission Bill
The post Senate Passes Public Private Partnership Regulatory Commission Bill appeared first on MarketForces Africa.

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