Lawmakers Back Business-friendly Reforms, Woos Global South Investors

Nigeria’s national lawmakers person reaffirmed their committedness to opening up the nation’s system nether the ‘Renewed Hope’ docket of President Bola Tinubu with laws aimed astatine improving the easiness of doing business, taxation reforms and incentives to pull overseas investors.

Chairman of the House of Representatives Committee connected Foreign Affairs, Hon. Wole Oke, stated this portion addressing lawmakers from antithetic countries astatine the ongoing Global South Legislators’ Summit successful Urumqi, China.

Oke said the Nigerian legislature has been enacting authorities successful enactment of President Tinubu’s reforms, peculiarly those targeted astatine improving the concern clime and attracting overseas nonstop investments (FDIs).

The lawmaker, representing Obokun/Oriade national constituency of Osun State nether the umbrella of the All Progressives Congress (APC), noted that Nigeria with its colonisation of implicit 250 million, offers a immense marketplace and opportunities crossed aggregate sectors.

He called for enactment to Nigeria’s bid for a non-permanent spot successful the United Nations Security Council, stressing that the country’s enactment successful Africa makes it a beardown candidate.

Oke besides urged Chinese businessmen and women to instrumentality vantage of Nigeria’s expanding opportunities successful cardinal areas specified arsenic aviation, energy, and agriculture.

According to him, Nigeria’s divers vigor sources—including solar, hydro, wind, and coal—make it a hub for technological advancement and investment.

“Our parliament has been supportive of reforms that easiness concern operations. China already has 1 of the highest numbers of companies operating successful Nigeria, some astatine nationalist and sub-national levels, but we privation to spot much investments successful captious sectors,” helium said.

Oke advocated a exemplary of practice among Global South nations built connected communal respect, adjacent partnership, and shared benefits, with a deliberate propulsion for escaped question of goods, services, and people.

He recalled that Nigeria has already signed agreements to beforehand specified integration wrong Africa, including visa-free arrangements for Chinese diplomats.

The lawmaker urged that the Global South Assembly should spell beyond governmental discussions to absorption connected economical growth, trade, exertion transfer, cleanable clime initiatives, and shared prosperity.