The National Assembly has pledged its commitment to enacting laws aimed at revamping the nation’s economy through the ease of doing business and tax incentives.
This is to attract foreign investment into critical sectors of the economy.
The Chairman, House of Representatives Committee on Foreign Affairs, Oluwole Oke, made the pledge on Wednesday while addressing parliamentarians from different countries at the ongoing Global South Legislators’ Summit in Urumqi, China.
Oke, who represents Obokun/Oriade Federal Constituency of Osun State, noted that the Nigerian parliament had been enacting legislation in support of President Bola Tinubu’s reforms, particularly those targeted at improving the business climate and attracting foreign direct investment.
According to him, Nigeria’s vast population offers a vast market and opportunities across multiple sectors.
He said, “Our parliament has been supportive of reforms that ease business operations.
“China already has one of the highest numbers of companies operating in Nigeria, both at national and sub-national levels, but we want to see more investments in critical sectors.”
Oke advocated for a model of cooperation among Global South nations built on mutual respect, equal partnership, and shared benefits, with a deliberate push for free movement of goods, services, and people.
He recalled that Nigeria had already signed agreements to promote such integration within Africa, including visa-free arrangements for Chinese diplomats.
He urged that the Global South Assembly should go beyond political discussions to focus on economic growth, trade, technology transfer, clean climate initiatives, and shared prosperity.
“I encourage us to look at the global south, not only as a political alliance but as a platform to deepen economic ties, transfer technology, promote climate-friendly policies, and ensure prosperity for our people,” he said.
He used the forum to call for support for Nigeria’s bid for a non-permanent seat on the United Nations Security Council, stressing that the country’s leadership in Africa makes it a strong candidate.
He also invited Chinese businessmen and women to leverage Nigeria’s expanding opportunities in key areas such as aviation, energy, and agriculture.
