Senate Passes Bill To Scrap FERMA

The Senate on Wednesday handed the Federal Highway Invoice which seeks to repeal the Federal Roads Upkeep Company Act, Federal Highways Act, and the Management of Commercial on Federal Highways Act.

The proposed legislation is aimed toward facilitating the institution of an company to control and handle the nation’s federal roads community.

When established, the company is anticipated to facilitate personal sector participation within the improvement, financing, upkeep, administration, and enchancment of roads in Nigeria.

It will additionally regulate contracts for street concession and different types of public personal partnership in addition to set pointers for the working of PPP contracts.

The invoice was sponsored by the Deputy Minority Chief of the Home of Representatives, Toby Okechukwu (PDP, Enugu) and Ossai Nicholas (PDP, Delta).

It was sponsored within the higher chamber by the Senate Chief, Yahaya Abubakar (APC, Kebbi) for concurrence and