Investors : Senate assures on appropriate legislation

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The Senate during the constitution review that approved autonomy for LGAs
Investors : Senate assures on appropriate legislation

Cecilia Ijuo

The Vice-Chairman Senate Committee on Science and Technology, Sen. Yusuf Yusuf, has said that the Senate was working on legislations aimed at attracting more foreign investors to Nigeria.

Yusuf said this when he addressed journalists in Abuja on Sunday, shortly after the Slovak’s 24th National Day celebration.

He said the Senate was also working on laws to ensure ease of doing business in the country.

According to him, the move, collaboration with efforts by the executive, will attract more investors and boost economic development of the country.

”The Senate has been working on ease of doing business in Nigeria and all areas that can break the challenges investors, both local and international, have in doing business in Nigeria.

”We are trying to share our experiences with countries that have gone through some trying moments,’’ he said.

On the relationship between Nigeria and Slovak Republic, Yusuf said improving the relationship between the two countries would boost economic development, particularly for Nigeria.

He noted that Slovak Republic was doing very well in Europe by improving on its economic horizon and doing some contracts for Nigeria.

The vice-chairman said investors from Slovak were looking into the possibility of putting their money in Nigeria.

”I look forward to having what we call Nigeria, Slovak Chamber of Commerce and Industry, to boost the relationship.

”Nigeria can benefit from this relationship in terms of medicine, defence, water resources, power and other areas.”

Yusuf said having improved relationship with Slovak Republic, transforming from centrally plan economy to a market-driven one, would boost trade and foster peace, economic, social, technical and educational opportunities between the two countries.

“Recently, a strong relationship was formed with the Chinese Government on the Mambilla Hydro Power Project worth about six billion dollars.

The Slovak Ambassador to Nigeria, Mr Peter Holasek, expressed his country’s readiness to partner with Nigeria in terms of foreign investment.

According to him, the country is willing to enter into more bilateral agreements with Nigeria, particularly in energy and agricultural development.

”It is my mission to improve the relationship between Nigeria and Slovak Republic.

”I know we are a very small country but we are very experienced using high technology, especially in the energy and agriculture sector.

”We are ready to work with Nigeria in these areas.” Holasek said. (NAN)


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