Business
Invest In Nigeria, Tambuwal Urges Global Leaders
The Speaker of the House of Representatives, Rep. Aminu Tambuwal, has urged global economic leaders to explore the investment opportunities that abound in Nigeria.
“Nigeria is a huge investment opportunity waiting to be exploited. Beside the crude oil for which we are better known, unlimited opportunities abound in solid minerals sector,’’ he said.
Tambuwal said this in a paper he delivered at the opening of the second Global Economic Leaders’ Summit in Changchun, China.
He also said developing countries would run their economies much better if lawmakers’ inputs were to be allowed in the formulation of their economic policies.
This is contained in a statement issued by Malam Imam Imam, his Special Adviser on Media and Public Affairs in Abuja.
Tambuwal said the involvement of lawmakers in the formulation of economic policies implemented by such countries would bolster global economic growth.
According to him, the right legislative framework will go a long way in saving weaker nations from undue exploitation from stronger ones.
“It is not enough for governments, especially those of developing nations and their donor counterparts, to drive individual countries’ national development strategy without active involvement of national parliaments.’’
He noted that legislative bodies in both Africa and Europe hardly pass the right laws enabling their governments to honour international obligations as they often felt it would not be in the interest of their citizens.
“It goes without saying that if parliaments are carried along throughout the process of negotiations, they would be more willing to support majority of the decisions.’’
The Global Economic Leaders Summit (GELS), which opened in the Chinese city of Changchun, has the objective to integrate international economic resources and strengthen international economic cooperation.
Participants at the summit included, captains of industries, business leaders, notable figures in politics, economics and science.