The Speaker of Nigerian House of Representatives, Mr. Yakubu Dogara has urged the government of Ukraine to partner with Nigeria and invest in the solid minerals, agriculture and renewable energy sectors to enable the country diversify its economy.
Mr. Dogara made the appeal when he received the ambassador of Ukraine, Mr Vitalis Alexandruk in his office.
The speaker who gave assurance to the ambassador that government under President Muhammadu Buhari is putting structures in place to check corrupt practices in order to make it competitive to investors, added that the House of Representatives is reviewing the country’s investment laws in line with global best practices.
“Recently, we are talking about laws relating to doing business in Nigeria and we have formed a committee of experts that are looking into those laws. I have been talking to the chambers of commerce, the section of the Nigerian Bar Association in Business law to take a look at the entire gourmet of laws relating to business in Nigeria and suggest ways by which we can effectively amend those laws to protect investments that are coming to Nigeria and to create a very competitive environment, such that we do not lose business to other countries in Africa which may be considered more transparent.
Corruption has been the bane of the problem in this country. There has been a very serious determination on the part of the government to nip this in the bud but we well know that it is impossible to eliminate corruption. Even in the best of jurisdictions, it still rears its ugly head in some form but at least, we can fight it to a standstill, to a point where it is substantially reduced in such a way that we can compete with other nations that are rated very high in terms of transparency in doing business,” he stated.
The speaker acknowledged Ukraine’s support in Nigeria’s ongoing battle against insurgency and terrorism, particularly in the North East, adding that the government is committed to ending the insurgency and restoring the aggrieved to the path of sanity.
“We are aware that there is equally an unshaken commitment of the government to put an end of government,” he said.
Earlier, Ambassador Alexandruk expressed the interest of his country in economic partnership with Nigeria and establishing a parliamentary friendship group to improve the relationship between the parliaments of the two countries.