Lcci commends senate for cama act passage

It seems like you're referring to a news article or a statement from the LCCI (Lagos Chamber of Commerce and Industry) commending the Senate for passing the CAMA (Companies and Allied Matters Act) Act.

For those who may not be familiar, the CAMA Act is a significant piece of legislation that aims to reform the business environment in Nigeria by providing a more efficient and effective regulatory framework for businesses.

The LCCI's commendation is likely due to the fact that the CAMA Act is expected to promote ease of doing business, increase transparency, and reduce bureaucracy in the country. The Act also provides for the establishment of a more robust corporate governance framework, which is expected to enhance the credibility and competitiveness of Nigerian businesses.

It's great to see organizations like the LCCI recognizing the importance of this legislation and the potential benefits it can bring to the business community.