The National
Assembly has been urged to expedite action on the passage of the Federal
Competition and Consumer Protection Bill, which is currently before it.
In a
communique issued recently by the Private Sector Coalition on the Federal
Competition and Consumer Protection Bill at the end of a one-day meeting in
Lagos, the group noted the Competition Bill is awaiting its third reading in
the House of Representatives and has passed its second reading in the Senate.
It noted the
consensus involving the public and private sector stakeholders on changes to
the Bill and admitted that the amendments are consistent with the position of
the Private Sector Coalition (PSC).
The communique
observed that the PSC needs to update its position paper and renew its wider
advocacy offensive in support of the Bill and that “as private sector
stakeholders, we realise the Bill is not perfect but this is the time to rally
around and improve the quality.”
While assuring
that the Bill will enhance productivity, improve job creation and foster
innovation, the PSC agreed that sector regulators need to be engaged and
consulted for their input and agreement before the public hearing on the Bill
by the Senate.
The communique
urged NASSBER and other private sector organisations to support the efforts to
pass the Bill and gain presidential assent.
It stressed
the need for stakeholder engagement at all levels of government to drive the
message, enhance understanding of the Bill, and gain the support of legislators
to pass the Bill.
The coalition,
which comprises the Nigeria Employers Consultative Association (NECA),
Manufacturers Association of Nigeria (MAN), Nigeria Economic Summit Group
(NESG), among others, in collaboration with the Enhancing Nigerian Advocacy for
a Better Business Environment (ENABLE), urges business membership organisations
to sensitise their members and officers in the states to support the ongoing
campaign on the Bill.
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