Africa Business Radio

President Muhammadu Buhari has signed into law two important bills passed by the National Assembly thereby making them become part of the Laws of the Federation. The Climate Change Act owes its origin to a bill sponsored by a member of the House of Representatives, Sam Onuigbo, and provides for, among other things, the mainstreaming of climate change actions and the establishment of a National Council on Climate Change. It also paves the way for environmental and economic accounting and a push for a net-zero emission deadline plan in the country. 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.