If the submission by Femi Gbajabiamila, Leader of the House of Representatives on major challenges facing the twin sectors of power and solid minerals is anything to go by, then the well-proclaimed diversification of the nation’s economy may soon be a thing of reality.
The good news according to Gbajabiamila is that the Energy Commission (Amendment) Bill, ECB and Nigerian Minerals And Mining (Amendment) Bill, NMMB 2015 will soon be passed into law. While the former seeks to provide for the establishment of solar energy development and utilization fund as a way of developing alternative power and energy sources through public/private participation, the NMMB is designed to develop Nigeria’s solid minerals industry in line with the nation’s drive towards diversification of the economy from an oil based – mono economy. Apart from that, the NMMB also seeks to make Miners more responsible to their host communities with a bid to aiding community development.
The two bills are part of the 264 Bills Gbajabiamila said have passed through first reading and awaiting second reading in the legislative chambers, while 40 Bills are said to have been referred to committees for further legislative actions.
He gave the hint while giving a summary report of the activities of the House of Representatives from June to December 2015 in Lagos.