Senate Passes New CAMA Bill
The 8th Senate under the leadership of Dr. Bukola Saraki, yesterday, made history with the passage of the repeal and re-enactment of the Companies and Allied Matters Act (CAMA), which is the biggest business reform bill in Nigeria in over 28 years.
The passage of the repeal and re-enactment of the Companies and Allied Matters Act (#CAMA) is a significant milestone in our legislative agenda. This is by far the most far-reaching legislation ever passed by any legislature in our country.
Naija News understands that with the passage of this Bill, the legislators have now put in place a regulatory framework that will promote the ease of doing business in Nigeria and reduce all the unnecessary regulatory hurdles.
Here are 7 things that you need to know about this Bill…
Source: Nigerian Senate