President of the Senate, Ahmad Lawan, on Wednesday urged the Federal Government to prioritise the safety and security of private sector investments across Nigeria.
According to Lawan, such a move would guarantee an improved economy for the country.
This was contained in a statement by Lawan’s Special Assistant on Press, Ezrel Tabiowo, titled, ‘Prioritize safety of investments in Nigeria, Lawan tells FG’.
Lawan made this call after the upper chamber considered the enactment of the Public-Private Partnership Regulatory Commission Bill 2021.
The bill, which was sponsored by Muhammad Aliero representing Kebbi Central, scaled second reading during plenary on Wednesday.
In respect to the bill, Lawan said, “Let me say that our country at this point and, indeed, at any point, should embark on public private partnership to ensure that we free our scarce resources for social development, particularly education and health, and similar sub-sectors.
“I believe that at this point in our history, with very limited resources, we need to encourage the private sector to participate in the development of infrastructure in our country.
Aliero, while justifying the bill, said, “One of the major challenges affecting the growth of the Nigerian economy is the huge deficit in both the areas of social and economic infrastructure; roads, railway, seaports, and airports, the provision of affordable health care and medical facilities to mention a few.
“To bridge this gap, massive investments must be made in the expansion of the country’s infrastructure services well beyond the resources and capacity of the which has been solely responsible for the provision of such infrastructure.”
The bill after scaling second reading was referred by Lawan to the Committee on Works, who was given four weeks to report back to the chamber in plenary.
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