The House of Representatives Committee on Monitoring, Evaluation, and Implementation of Legislative Agenda announced plans to amend outdated laws to attract local and foreign investments in Nigeria.
Committee Chairman, Rep. Patrick Umoh (APC-Akwa Ibom), addressed journalists in Abuja, emphasizing the urgent need for economic diversification.
“Our focus is on the Green, Blue, and Digital economy to better position the country for investments that will drive youth employment, wealth creation, and an improved standard of living,” Umoh stated.
To gain investors’ confidence, Umoh explained that the parliament has enacted laws, allocated budget funds, and conducted intensive oversight to ensure the security of lives and property.
“As the people’s house, we are reviewing obsolete laws that need updating to support both local and international investors willing to do business in Nigeria. This will enhance our gross domestic product,” he said.
“I can assure you that we are committed to addressing concerns affecting the Federal Republic of Nigeria. Although we are just one year into office, our commitment to the country’s welfare is unwavering.”
Umoh added, “Apart from the Appropriation Act, there are other enabling enactments we are working on. We are dedicated to doing our best to help Nigerians.”
The legislator, representing Ikot Ekpene/Essien Udim/Obot Akara Federal Constituency, urged all stakeholders to support the House in its quest for a better Nigeria.
