TheCable

Bala Na’Allah, deputy senate leader, says the World Bank rated Nigeria among the top 10 most improved economies in 2016/17 in its latest Doing Business report because of two bills passed by the upper legislative chamber.

Speaking on the floor of the senate on Wednesday, Na’Allah said the bills are the Secured Transactions in Movable Assets bill and the Credit Reporting bill which were assented to in May.

The deputy senate leader said the legislature would always cooperate with the current government’s reform agenda.

“There would be need for us to recognise the popular saying that a lizard that fell from far Iroko tree, if there is no one to praise it, it will praise itself,” he said.

“The report that was released yesterday by the World Bank would at least celebrate that we are being recognised. If you look at the details of the report, it is due to the fundamental result taken by the senate by passing the Secured Transactions in Movable Assets bill 2017 and the Credit Reporting bill.

“We have always said that we would corporate with reform agenda 100 percent which has been addressed in World Bank record.”

Remarking, Ike Ekweremadu, deputy senate president, said the synergy between the executive and the national assembly would attract foreign investments.

“We congratulate the Nigerian government for the development 171 and now 141, moving up 24 places,” he said.

“The synergy between the federal government and national assembly is working. I believe that going forward whatever we are doing correctly we need to do that and what we are not doing correctly is what we should abandon. This would bring more foreign investments.”