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Seven Things To Know About Senate’s New Companies And Allied Matters Act

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Senators Pass New CAMA Bill

Senate in plenary (File Photo)

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

 
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A Senior Associate, at Naija News is a graduate of Business Administration with a flair for creative writing. He loves travelling and gets thrills from learning new things.

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