Senator Bukola Saraki says he would ensure quality legislature.
Mr Saraki who spoke on
Wednesday when he received a delegation from the United Kingdom
Emerging Capital Market Taskforce, led by Mr. Roger Gifford, in Abuja said the Eighth Senate will surprise Nigerians with the quality of legislation it will provide the Buhari led administration.
He said the present administration led by President Muhammadu
Buhari is working towards attracting investors whose entry will revamp
the nation’s stock market and ailing industries that dot the landscape.
He pointed out that apart from the country’s historical
relationship with the United Kingdom (UK), Nigeria expects robust
economic ties with her former colonial master as well as investments
that will assist in the area of industrialization, employment generation
and technological development.
While reiterating the commitment of the Eighth Senate towards facilitating the development of the nation’s economy.
“The Senate is acutely aware that as attractive as Nigeria’s
market is for investment, the challenge is in creating a friendly
business environment that is conducive and competitive in today’s global
context.
“We are already taking the bull by the horns and we are at
advanced stage of putting together an engagement structure with the
business community to fashion out a holistic plan of action that will
bring about a comprehensive review of the regulatory instruments and
legal structures that inhibit investments and depress capital formation
across our business structure,” Saraki stated.
The Senate President assured that the Senate will at all times
support and push for policies that will create deep, transparent and
open capital market with numerous company listings.
“Nigerians want to see legislative instruments that will help to
open and stimulate private sector investment in infrastructural
development. This will serve as a primary source of funding for national
development and also lead to job creation for our teeming populace in
line with the Federal Government’s agenda for youth employment” he said.
He commended the UK Foreign and Commonwealth Office for the
initiative of sending a task force on emerging capital market to
Nigeria. He also enjoined the Taskforce to identify Nigeria as a
priority market adding that the Senate will continue to fashion out
legislative instruments towards achieving set objectives.
In his remarks, leader of the delegation, Roger Gifford, called for
continued collaboration between Nigeria and the UK government. He said
Nigeria has been identified as an emerging economy in Africa.
Gifford said the long bilateral ties among the two nations paved
the way for the establishment of institutions in capital market.
He stated that the Taskforce will work to create an enabling environment by bringing investors into the country.
“I can only task Nigeria to continue to work together with the United Kingdom in order to make good use of the new partnership.” Gifford said.
Meanwhile, the Senate has urged President Muhammadu Buhari to establish a Presidential Intervention Committee to rehabilitate the North-Eastern region.





















