The Deputy Speaker of the House of Representatives, Hon. Benjamin Kalu, said President Bola Tinubu administration is committed to creating a favourable climate for investments.
He therefore, urged foreign investors to make Nigeria their first choice of business destination.
Kalu stated this disclosure in his speech as a guest speaker at a conference on: “Opportunities and Insights” on Friday in Abuja, organised by Evolve Camp, a youth mentorship, national development group.
Speaking on the topic “Unlocking National Prosperity: Assessing the Place of Government Policies in the Prosperity of the Nation”, the Deputy Speaker said Nigeria has made progress in ease of doing business.
A statement by his Chief Press Secretary (CPS), Mr. Levinus Nwabughiogu stated that Kalu lauded Tinubu’s determination to make the private sector of the economy thrive.
He also encouraged the youth to support government policies and also make their input to the legislative functions of the national assembly.
“We must come together when it comes to policy making. What you say here today matters to us because we will be asking for a report on this. We wish to know the mind set of Nigerians and their desires.
“In Nigeria, we recognize that for our nation to thrive, we must provide the private sector with the ideal conditions to flourish. A thriving private sector
translates into job creation, increased revenue, technological advancements, and overall economic growth,” the Deputy Speaker said.
Kalu said as of 2020, Nigeria’s ease of doing business ranked 131st worldwide with a general score of 56.9, noting that while the country has made progress in certain areas, there is still much work to be done.
“I’m assuring you that this administration is thinking in that direction. If you didn’t have confidence before now, you need to have confidence that Nigeria is good to go.
“It encourages responsible investor’s confidence. One thing is to have investors come into a conducive atmosphere, the other is to have them behave in line with best practices,” he said.
Kalu also disclosed the challenges of inadequate infrastructure and bureau bottlenecks in the system, were being addressed just that the anti-corruption drive to engender transparency and accountability.
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