Reps move to strengthen regulatory agencies

The House of Representatives is putting mechanisms in place to track all subsidiary legislations, fees and orders initiated by all federal regulatory and implementing ministries, departments and agencies (MDAs), with a view to strengthening them. To achieve this, two bills, the Statutory Instrument Bill 2015 and Statutory Instrument (Legislative Scrutiny) Bill 2015, are to be presented for consideration. When passed into law, every subsidiary regulation/delegated legislation made by regulatory institutions, including the Petroleum Product Pricing Regulatory Agency (PPPRA), Nigerian Ports Authority (NPA), Nigerian Communications Commission (NCC), Corporate Affairs Commission (CAC), among others, shall be compelled to present them for vetting and approval of the National Assembly. The Committee, during the exercise of its functions, is expected to “give members of the public the benefit of making input into the legislations through public hearing.