Close Menu
  • Business
  • Features
  • Interview
  • News
  • Opinion
  • Politics
  • The Icon
  • Get In Touch
Trending
  • Customs Awaits Arrival Of 67 Scanners, Says Customs CG, Adeniyi 
  • Mukaila Hails FG Over Approval Of 10 Years Policy Document For Marine and Blue Economy Ministry
  • You Can’t Function Properly If Governing Council Is Not In Place, Farinto Tells CRFFN Registrar, Igwe
  • SIFAX Group Honoured With Distinguished Gender Inclusion Award  
  • APM Terminals Apapa, GIVO Launch Zero-Carbon Recycling Hub To Tackle Plastic Waste 
  • AMSAY Conference Ranks Top Amongst Maritime Events, Says Akabogu 
  • Dredge Onne Port For Optimum Utilization, Isikaku Urges FG
  • 19 Year Old OAU Student, Esther Olanrewaju Wins Fola Ojutalayo Speech-making Competition 2025
Prime Time Reporters
  • Business
  • Features
  • Interview
  • News
  • Opinion
  • Politics
  • The Icon
  • Get In Touch
Prime Time Reporters
Home » LCCI calls for urgent gazetting of CAMA 2020
News

LCCI calls for urgent gazetting of CAMA 2020

Saint AugustineBy Saint AugustineSeptember 22, 2020No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

The Lagos Chamber of Commerce and Industry (LCCI) has called on the National Assembly and other relevant agencies of government to expeditiously gazette the Company and Allied Matters Act (CAMA) 2020 and make copies available to the public.

The Director General of LCCI, Dr. Muda Yusuf who made this call in a statement in Lagos on Sunday recalled that the Company and Allied Matters Act (2020) was assented to by President Muhammadu Buhari, on Friday 7th August, 2020.

While noting that the legislation and the subsequent assent were widely applauded by the business community, Yusuf however, regretted that six weeks after, the legislation was yet to be gazetted.

“The implication of this is that the formal copy of the law is not yet available to the public and therefore the law cannot be operationalized.  This is yet another example of how bureaucratic bottlenecks could impede the progress of an economy.

“Ordinarily, and in line with the ongoing digital revolution and the E- Government agenda of government, the law should have been uploaded on the federal government and National Assembly websites hours after the assent by the President.

“Being a major business legislation, the non-availability of the gazetted copy of CAMA 2020 has stalled many activities in the business environment. These are activities anchored on the new legislation. Additionally, the regulations that ought to be issued by the Corporate Affairs Commission on account of the new legislation have equally been stalled because there is no formal document to act upon.

“The situation has created enormous uncertainty in business decisions which require the legislative anchor of CAMA 2020 to progress.  As it were, a legislative vacuum has been created.  The CAMA 1990 has been repealed, CAMA 2020 is yet to be gazetted, six weeks after assent”, he stated.

While underscoring the need for bureaucracy to work in tandem with the new normal of leveraging technology so that the desired outcomes of reforms could be achieved and expeditiously too , the DG observed that “the implementation of the E-Government programmes should be accelerated to make the public service smarter, efficient and cost effective.”

He continued, “Given the current wave of digital revolution sweeping across the public and private sectors, the role of the Federal Government Press in the dissemination of official legislations and other publications is at risk of diminishing relevance.  It has become imperative for electronic copies of official publications to be promptly disseminated to the public to ensure swift activation and access to the benefits and values which such publications offer for the economy and the society.

“We urge the urge the National Assembly and other relevant agencies of government to expeditiously gazette CAMA 2020 and make copies available to the public.”

Photo: The Director General of Lagos Chamber of Commerce and Industry, Dr. Muda Yusuf.

Send your news, press releases/articles to augustinenwadinamuo@yahoo.com. Also, follow us on Twitter @ptreporters and on Facebook on facebook.com/primetimereporters or call the editor on 07030661526, 08053908817.

Company and Allied Matters Act 2020 Dr. Muda Yusuf Lagos Chamber of Commerce and Industry President Muhammadu Buhari
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleMan trapped in building collapse in Anambra community
Next Article Police arrest fraudster posing as aide to AIG Zone 13 to defraud innocent Nigerians
Saint Augustine
  • Website
  • Facebook
  • X (Twitter)

Saint Augustine is a seasoned freelance journalist and the chief editor of Primetime Reporters.

Related Posts

Mukaila Hails FG Over Approval Of 10 Years Policy Document For Marine and Blue Economy Ministry

June 2, 2025

You Can’t Function Properly If Governing Council Is Not In Place, Farinto Tells CRFFN Registrar, Igwe

June 2, 2025

SIFAX Group Honoured With Distinguished Gender Inclusion Award  

June 1, 2025
Leave A Reply Cancel Reply

Recent Posts

Customs Awaits Arrival Of 67 Scanners, Says Customs CG, Adeniyi 

June 2, 2025

Mukaila Hails FG Over Approval Of 10 Years Policy Document For Marine and Blue Economy Ministry

June 2, 2025

You Can’t Function Properly If Governing Council Is Not In Place, Farinto Tells CRFFN Registrar, Igwe

June 2, 2025

SIFAX Group Honoured With Distinguished Gender Inclusion Award  

June 1, 2025

APM Terminals Apapa, GIVO Launch Zero-Carbon Recycling Hub To Tackle Plastic Waste 

June 1, 2025
© 2025 Copyright Primetime Reporters.
  • Home
  • Business
  • Features
  • Interview
  • News
  • Opinion
  • Politics
  • The Icon
  • Get In Touch
  • Privacy Policy

Type above and press Enter to search. Press Esc to cancel.