Business
FEC Approves Seven Transport Sector Bills
The Federal Executive
Council (FEC) has approved seven transport sector bills that will also lead to the establishment of a National Transport Commission.
They include, the National Transport Commission Bill (2015), National Roads Fund Bill, Federal Roads Authority Bill, Nigeria Ports and Harbour Authority Bill 2015, National Inland Waterways Authority Bill (2015) and the Nigerian Railway Authority Bill (2015).
The Tide gathered that the new draft that was approved by FEC is a replica of the Senate’s Draft bill cited as “A Bill for an Act to repeal the Nigeria Shippers Council Act CAP N133 of 2004, and provides for the establishment of a National Transport Commission.
The bill, according to our source, was first sponsored by Senator Umar Tafidan Argungu, Teslim Folarin, Gbemi Saraki, Kawu Petto, Ayogu Eze, Hassan Mohammed Gusau and Munir Muse.
The source noted that it was agreed that the Nigeria Shippers Council will become National Transport Commission (NTC) which is almost the draft by the National Assembly and that of the Federal Executive Council (FEC).
It stated that “the purpose of this Act shall be achieved through the establishment of a National Transport Commission which shall be responsible for executing the provisions of this Act, the Nigerian Shippers’ Council Act and its subsidiary regulations and all other relevant federal legislations”, as well as the transformation of Nigeria Shippers’ Council into a National Commission.
In the bill, NTC is also expected to provide for an economic regulatory framework for the provision of services and supply of goods in the transport sector or regulated industry and also to provide a mechanism for monitoring and providing advice to government on matters relating to the transport sector.
“To provide for efficient operation and regulation of the transport sector through consolidation, streamlining and removing the multiplicity, duplicity of regulatory functions by the government and its agencies,” it added.
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