Nigeria Industrial Revolution Plan Bill, 2015
OBJECTIVE OF THE BILL
The objectives of the Bill are to:
The implementation of the Industrial Plan in accordance with the provisions of this Bill is to, among other things: -
NUMBER OF CLAUSES/PARTS
The Bill has 3 parts and 34 Clauses including an Explanatory Memo and a Schedule
The Bill has the following contents: -
IMPLICATIONS OF THE BILL
If the Bill is passed, the following will be the resultant effect: -
GENERAL PROVISIONS OF THE BILL
1. Establishment of the Industrial Revolution Plan: -The Bill seeks to establish a plan, which would facilitate job and wealth creation as well as increase the industrial capacity within Nigeria. The implementation of the plan shall be nationwide and according to industry groups where Nigeria has potential for rapid industrialization.
a) Agribusiness and agro allied
b) Solid minerals and metals
c) Oil and gas related industry
d) Construction, light manufacturing and Services
The implementation period of the Industrial Plan shall be 5 years under this Bill (Clause 20).
2. Skill and Business Environment Development: - The government intends to support the Plan by intervening in broader areas hindering competitiveness of the industrial sector in Nigeria by: -
3. Approving Authority: - The President and Commander-in-Chief of the armed forces shall be the approving authority for plans and programs. The President shall also approve the plans annual updated releases on the recommendation of the Presidential Advisory Committee (to be established when the Bill becomes law)
4. Establishment of a Presidential Advisory Committee: - Clause 5 of the Bill seeks to establish an Advisory Committee to be the apex regulatory body for the Plan with government and private sectors representatives. The composition of the Committee shall include: -
5. Powers of the Minister: -
6. Secretariat of the Advisory Committee: - The Secretariat for the meetings of the Advisory Committee shall be domicile in the department of Industry in the Ministry and the Director in the department shall serve as the Secretary of the Advisory Committee.
7. Establishment of the Ministerial Steering Committee: - Under Clause 6, a multi-sectoral, inter-Ministerial National Steering Committee shall be established, comprising of the Permanent Secretary, Ministry of Trade and Industry, representatives not below the rank of a director from 17 Federal Ministries and agencies and the Minister of State for Industry, Trade and Investment as the Chairman. The Advisory Committee may alter the composition of the members of the Steering Committee.
8. Functions of the Steering Committee- Clause 7 (1)(a) – (h) lists the functions of the Steering Committee, which includes but not limited to the fact that the Steering Committee shall regulate its proceedings and that of its committees.
9. Establishment of the Project Office: - The Project Office shall be established and located in the Department of Industry of the Ministry, for the day-to-day management of the industrial plan (Clause 8).
The project office shall be staffed by officers of relevant government agencies, as may be required, special consultants and representatives of development partners assigned to carry out specified tasks in connection with the industrial plan. The following positions shall be created for the Project Office -
The three officers shall work in cooperation with the Minister’s office. The Bill is not clear on who will be appointing the Project Manager from the cadre of the Ministry or from outside.
9a. Establishment of Special Project Unit: - One of the functions of the Project office as specified under Clause 12(g) is to establish a Special Project Unit to ensure that large projects are given visibility and recognition and unlock any regulatory hurdle to such large projects
9b. Constitution of Sectoral Team/Committee: - The Project Office shall from time to time and with the approval of the Steering Committee, establish sectoral teams or committees to carry out necessary tasks to achieve specific goals under the Industrial Plan (Clause 13). The Sectoral teams or committees shall be set up for specified duration with well-defined functions that include developing sectoral plans for the Industrial Plan and tracking their performance with a view to updating those plans as considered appropriate.
Sectoral teams or committees shall include sectors like sugar, palm oil, leather, rubber, plastics, production, fertilizers, construction of house, etc.
9c. Constitution of Support and Enabler Technical Teams: - The Project Office shall constitute on a need basis and with the approval of the Steering Committee, Support Structure and Enabler Technical Teams to be set up for specified duration with well-defined functions.
10. Establishment of Investor & Programme Database: - An investor database and programme database shall be created during the period of implementation of the Industrial Plan, to be maintained at the Ministry for consistency, coherence and industrialization process sustainability (Clause 15).
11. Establishment of the Industrial Plan Units: - These Units shall be established in a relevant Ministry, Department and Agency with responsibilities for the execution of plans, programmes and activities under the Industrial Plan
12. Funding of the Industrial Plan: - Clause 17 provides that the relevant Ministry or government department shall provide for the implementation of the industrial Plan in the annual budget estimates. However, a Fund shall be established in accordance to the provisions of Clause 18 of the Bill, which shall be paid from the annual budgetary allocation made available by the National Assembly for the purpose of implementing plans and programmes under the industrial plan.
The Fund shall be used for the expenditures incurred in the implementation of the industrial Plan and shall be controlled by the Project Custodian. The Fund shall be audited in accordance to government rules and regulations
13. State Implementation of the Industrial Plan: - The Commissioners of Commerce and Industry shall be engaged in the implementation of the plans and programmes under the Industrial Plan in the respective States (Clause 19(1)).
14. The National Enterprise Development Programme: - Clause 21 provides for the Programme as the strategy for the development of micro, small and medium enterprises in Nigeria, which shall be implemented under the Plan. The objectives of this programme are to –
The programme shall be implemented in all States and Local government areas of the Federation
15. Implementing Agencies of the Programme: - The implementing agencies shall be the Bank of Industry (BOI), Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) and the Industrial Training Fund (ITF).
16. Establishment of the National Council on SMEs: - The Council shall be the apex body responsible for developing policies for Micro, Small and Medium enterprise in Nigeria. The National Council shall be responsible for providing guidance and coordination on the establishment of strategies and policies for the wholesome support of micro, small and medium enterprises in Nigeria (Clause 25).
17. Establishment of a Programme Monitoring Unit (PMU): - The PMU shall be comprised of four representatives of the independent bodies from the private sector to be appointed by the National Council, an officer from the Industry Development of the Ministry, and an officer from the Industry Development of the Ministry (Clause 26).
18. Obligations of Implementing Agencies for the Industrial Plan and Programme: - The Plan and Programme shall be adhered to by all relevant Ministries, Departments and Agencies, and their laws, rules and regulations shall be reviewed regularly to bring them in substantial conformity with this Bill (when passed into law)
19. Jurisdiction: - Any interpretation of any of the provisions of this Bill shall be laid before the Federal High Court.
ANY SIMILAR BILLS
This Bill is similar to the Industrial Revolution Bill, 2015 (SB 86), sponsored by Senator Bassey Albert Akpan
The Industrial Revolution Bill seeks to accelerate the build-up of industrial capacity within Nigeria. In the wake of the country’s recession, this Bill could not have come at a more crucial time, as there is need to revamp the industrial sector, create jobs and have more made-in-Nigeria goods on the market. However, it provides for the establishment of several bodies and committees that may make processes cumbersome.
The Industry Revolution Bill (SB 86) and Nigeria Industrial Revolution Plan Bill (HB 26) are exactly the same and so both Chambers need to pass and harmonize in earnest for an accelerated passage.