President Goodluck Jonathan on Wednesday signed six different bills passed by the National Assembly into laws.
Prominent among the bills that were signed was the Tobacco Control Bill 2015.
Special Adviser to the President on Media and Publicity, Dr. Reuben Abati, confirmed the development to State House correspondents.
According to Abati, other bills signed into law include the Nigerian Electricity Management Services Agency Act 2015; Equipment and Leasing Bill 2015; AMCON (Amendment) Bill 2015; Standards Organisation of Nigeria Bill 2015 and the National Sugar Development (Amendment) Bill 2015.
The Tobacco Control Act 2015 repeals the Tobacco Smoking (Control) Act, CAP.T6, LFN 2004 enacted in 1990 and amended years later.
The bill will ensure effective regulation and control of production, manufacture, sale, labeling, advertising, promotion and sponsorship of tobacco and tobacco products in Nigeria.
It will also ensure balance between economic consideration and health implications of tobacco manufacture, use and exposure to environmental tobacco smoke, among other things.
The Equipment Leasing Act regulates the business of equipment leasing in Nigeria.
It propose to bring sanity and certainty to the practice of leasing in Nigeria as well as protect the lessees (users) and the lessors (owners).
Credit: The Streetjournal