Achievements:

  • Developed internal capacity
  • Developed varied products
  • Encouraged diversified market
  • Enhanced payment processes
  • Developed credit system
  • Encouraged savings culture

 

Development of Financial Establishment Sector Bills

The FSS 2020 PMO identified some bills which are critical to financial services industry in 2009 namely:

  • The Electronics Transaction Bill
  • The Alternative Dispute Resolution Regulatory Commission Bill
  • The Nigerian Financial Ombudsman Bill
  • The Nigerian International Financial Centre Bill

For the first time, these bills have been passed by both houses and in the process of final legislative work.  Under package two of this initiative, other bills are in the offing as follows:

  • Securitization Bill
  • The Payments System Modernization Bill
  • The Equipment Leasing Bill
  • The Warehouse Receipt Bill
  • The SMEDAN Establishment Bill
  • Federal Mortgage Bank Amendment Bill
  • The Mortgage Institution and Allied Matters Bill
  • The Collateral Registry Bill

The Governor is passionate about the passage of these bills and is lending assistance to ensure they are passed into law by 8th NASS.