The Nigeria Employers’ Consultative Association (NECA) has commended President Muhammadu Buhari, for declining assent to the National Housing Fund (Establishment) Bill 2018.
The bill was forwarded to the presidency, recently by the National Assembly.
Buhari had directed that the bill should be returned to the National Assembly for amendment of the contentious provisions.
Mr. Timothy Olawale, Director-General of NECA lauded the presidency for declining assent to the bill, describing it as a demonstration of the government’s responsiveness to the concerns of organised businesses and an affirmation of government’s true commitment to the Ease of Doing Business Initiative.
He mentioned some of the contentious provisions in the bill to include the insertion and introduction of a Sustainable Development Levy of 2.5 per cent ex-factory price before transportation cost for each 50 kg bag of cement or its equivalent in bulk.