5 Important Bills President Buhari Has Signed Into Law

Since assuming power in 2015, President Muhammadu Buhari has signed several bills into law.

1. Not Too Young To Run Bill (2018)

In May 2018, President Muhammadu Buhari signed the “Not Too Young To Run” bill into law. The law has now made it possible for more Nigerian youths to contest important offices.

It reduced the age qualification for the Office of the President and membership of the House of Representatives and the State Houses of Assembly.

2. Companies and Allied Matters (CAM) Bill 2020

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President Buhari, in August 2020, signed the Companies and Allied Matters Act (CAMA) Bill ( 2020) into law.

According to The Cable, the bill is regarded as the most significant business legislation in Nigeria since 1990.

The bill repealed and replaced the extant Companies and Allied Matters Act, 1990. The new was drafted with the major goal of enhancing the ease of doing business in Nigeria.

3. Nigeria Police Bill, 2020

In September 2020, President Buhari signed into law the Nigeria Police Bill, 2020.

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The new law establishes an appropriate funding framework for the police. It also seeks to enhance the professionalism of Nigerian police officers through increased training opportunities, among other numerous benefits.

4. Finance Bill, 2019

The Finance was signed into law in January 2020. The Act seeks to generate more revenues for the government by increasing the Value-Added Tax (VAT) from five per cent to 7.5 per cent.

The law also seeks to support MSMEs in line with the government’s Ease of Doing Business Reforms, and so on.

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5. Deep Offshore and Inland Basin Production Sharing Contract (PSC) Amendment Bill

In November 2019, President Buhari signed the Deep Offshore and Inland Basin Production Sharing Contract (PSC) Amendment Bill into law.

The law will significantly increase Nigeria’s share of earnings earned from oil wells offshore the country, thereby boosting the countries revenues.

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