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Food security: Commodity brokers urge NASS to re-visit institute bill

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 Commodities Brokers Association of Nigeria CBAN has urged the National Assembly to re visit Charted Institute of Commodity Brokers of Nigeria Est etc Bill 2018 Mr Ishaq Yahaya North Central Zonal Chairman of the association said this in an interview with the News Agency of Nigeria on Tuesday in Abuja He said that the bill which was passed by the Eighth Assembly but was unfortunately not assented to should be re visited in view of its importance in ensuring food security among others According to him if passed and assented to the bill will largely contribute to economic growth He said some objectives of the bill include training and certifying professionals as commodity brokers for the agricultural solid minerals and oil and gas sectors among others Yahaya said passing and assenting to the bill would go a long way in achieving the diversification effort of the present administration This is an important bill that when passed and assented to will help boost the non oil sector which will in turn contribute greatly to Nigeria s Gross Domestic Product GDP So we appeal to the National Assembly to kindly bring up this bill to enable it make the list of bills passed by this Assembly We are hopeful that once the bill gets to the table of the President this time he will consider it for assent because of the vital role it will play in boosting the economy he said NAN reports that commodity brokers are certified professionals authorised to deal in commodities on behalf of their clients NAN also reports that they are known years back for trading in livestock and grain However today they have expanded to cover various range of financial derivatives based on bonds energy oil and gas and stock among others NewsSourceCredit NAN
Food security: Commodity brokers urge NASS to re-visit institute bill

Commodities Brokers Association of Nigeria

Commodities Brokers Association of Nigeria (CBAN), has urged the National Assembly to re-visit Charted Institute of Commodity Brokers of Nigeria (Est. etc) Bill, 2018.

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Ishaq Yahaya

Mr Ishaq Yahaya, North Central Zonal Chairman of the association said this in an interview with the News Agency of Nigeria on Tuesday in Abuja.

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Eighth Assembly

He said that the bill, which was passed by the Eighth Assembly, but was unfortunately not assented to, should be re-visited in view of its importance in ensuring food security among others.

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According to him, if passed and assented to, the bill will largely contribute to economic growth.

He said some objectives of the bill include training and certifying professionals as commodity brokers for the agricultural, solid minerals and oil and gas sectors among others.

Yahaya said passing and assenting to the bill would go a long way in achieving the diversification effort of the present administration.

Gross Domestic Product

“This is an important bill that when passed and assented to, will help boost the non-oil sector, which will in turn contribute greatly to Nigeria’s Gross Domestic Product (GDP).

National Assembly

“So, we appeal to the National Assembly to kindly bring up this bill to enable it make the list of bills passed by this Assembly.

“We are hopeful that once the bill gets to the table of the President this time, he will consider it for assent because of the vital role it will play in boosting the economy,’’ he said.

NAN reports that commodity brokers are certified professionals authorised to deal in commodities on behalf of their clients.

NAN also reports that they are known years back for trading in livestock and grain.

However, today they have expanded to cover various range of financial derivatives based on bonds, energy, oil and gas, and stock among others.

NewsSourceCredit: NAN

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