REPS: REPS TO PROVIDE LEGAL FRAMEWORK TO BOOST FOREIGN INVESTMENT
By: Safiya Abdulrahim Dabban. 08036377731
The Deputy Speaker of the House of Representatives, Mr Benjamin Kalu, says the parliament will prioritize legislations that will boost direct foreign investments and make Nigeria the best business destination in Africa.
Kalu gave the assurance on when the Deputy Ambassador, Embassy of Hungary, Ambassador Gabor Krauss paid him a courtesy visit.
The deputy speaker also stated that President Bola Ahmed Tinubu has a robust economic agenda that will reposition Nigeria’s business climate.
“Nigeria is big with regards to playing a major role in the global market and anybody who sees the opportunity now and steps in stands to benefit from the market share that is going to spring up from Nigeria.
“I say so because we will be leveraging the Africa continental trade agreement, that we are all signatories to, that will be commencing soon. Most companies around the world are seeing beyond their own continents and looking into the continent of Africa.
He said one of the duty of the 10th assembly is to make sure that it provide the legal framework that will enable foreign direct investments and increase confidence in the business environment.
The Deputy Ambassador Mr Gabor Krauss, said his mission is to communicate to the deputy speaker their plan to bring more investments and humanitarian projects to Nigeria.
Krauss stated that they recently visited Abia State where they sought to establish a factory as a joint venture that will see the Hungarian government bringing the technology while the state will provide the land.
He added that there were more Hungarian companies which will be doing business in the country, saying his country has equally offered a lot of scholarship opportunities to Nigerian students.