Group Commends Speaker Abbas for Advancing Shipping and Port Regulatory Agency Bill

A coalition of business leaders, stakeholders, and advocates for economic growth and development, represented by the Economic Freedom Advocacy (EFC), has extended their commendation to the Speaker of the House of Representatives, Rt. Hon. Abbas, for his steadfast leadership and dedication in pushing forward the Nigeria Shipping and Port Economic Regulatory Agency Bill.

In a statement released to the press on Thursday, the group lauded the Speaker’s unwavering commitment, recognizing it as a testament to his deep understanding of the pivotal role a well-regulated shipping industry plays in Nigeria’s economic advancement.

Mohammed Matazu, speaking on behalf of the group, emphasized the significance of the bill, highlighting its potential to foster transparency, accountability, and good governance within the shipping sector. The bill, he noted, would establish a modern regulatory framework to safeguard the rights of shippers, stimulate competition, and bolster trade efficiency.

The statement underscored the inclusion of provisions for consumer protection, dispute resolution, and enforcement mechanisms, signaling a concerted effort to safeguard the interests of Nigerian shippers and stakeholders alike.

Praising Speaker Abbas for his leadership, Matazu affirmed the Speaker’s dedication to economic prosperity and job creation in Nigeria. He expressed gratitude for the Speaker’s tireless endeavors in ensuring the bill’s passage, underscoring its pivotal role in the nation’s growth and development.

The group urged the National Assembly to expedite the bill’s passage and called upon the President to promptly sign it into law. They emphasized the bill’s potential to deliver numerous benefits to the shipping industry, including enhanced transparency, accountability, and competitiveness.

In conclusion, the group reiterated their confidence in the bill’s capacity to propel Nigeria towards becoming a prominent player in global trade, affirming it as a critical stride towards fostering economic growth and safeguarding the rights of shippers and stakeholders.