* Says legislation will end Ponzi scheme
* As states, LGAs can now approach capital Market for loans
Sunday Aborisade in Abuja
The Senate has said that the Bill for the Repeal and Reenactment of the Investment and Securities Bill 2025 has set the stage for the $1 trillion economy proposed by the administration of President Bola Tinubu.
The Chairman of the Senate Committee on Capital Market, Senator Osita Izunaso, who also sponsored the bill, gave the assurance in an interview with journalists in Abuja Wednesday.
Tinubu had during his 2023 presidential campaigns promised to build a jumbo-sized economy, aiming for a $1 trillion GDP by 2030.
The senator said that the bill, which was assented to last week by President Tinubu, would end all forms of Ponzi schemes in Nigeria but grow the digital assets as well as cryptocurrency.
He said: “The Investment and Securities Act that has just been signed by Mr. President is a holistic enactment because we…
Source: Thisday Newspaper
