President Buhari Signs Climate Change And AMCON Amendment Bills

President Muhammadu Buhari has signed the Climate Change Bill.

 

 

Newsonline reports that presidential spokesman, Garba Shehu, disclosed this in a statement Thursday.

 

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The Act provides for, among other things, mainstreaming of climate change actions and the establishment of a National Council on Climate Change.

 

The Act also paves the way for environmental and economic accounting, and pushing for a net zero emission deadline plan for the country, 

Shehu said Buhari also signed the Asset Management Corporation of Nigeria (Amendment) Bill.  

Shehu said: “It provides for the extension of the tenor of the Resolution Cost Fund and grants access to the Special Tribunal established by the Banks and other Financial Institutions Act 2020’’

 

He said this “confers on the corporation, the power to take possession, manage, foreclose or sell, transfer, assign or otherwise deal with the asset or property used as security for eligible bank assets and related matters.

 

“This, in effect, will help AMCON make recoveries and for debtors to fulfil their commitments to banks’’, he added. (NAN)