Bill to Establish Industrial Technology Park scales Second reading in Senate.

Written by on April 5, 2022

A bill for an Act to establish the National Industrial Technology Park as a mechanism for clustering of knowledge and innovation-based industrial parks formations in Nigeria has scaled the second reading in the Senate.

This followed a debate on the bill sponsored by Senator Ibikunle Amosun by lawmakers during Tuesday’s plenary in the upper chamber of the National Assembly in Abuja.

Senator Amosun, in his lead debate, explained that the bill targeted economic development, youth empowerment, and capacity building.

Senator Ajayi Borrofice, in his contribution, believes the bill will help the country diversify its economy from a monolithic one that is oil-dependent, for Senator Barau Jibrin, the proposed legislation will help Nigeria to be fully industrialised and achieve its long-term objectives in terms of industrialisation.

Presiding over the plenary, the Senate President, Senator Ahmad Lawan, commended Senator Amosun for sponsoring the bill. He, however, stressed the need for the government to create a secure environment for such a goal to be actualised to encourage investors into the country.

Seun Fakorede

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