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Nigerian Laws Supportive of Investment – Malami
By Abdulateef Bamgbose
Nigerian Laws provide one of the best legal protection for foreign investors in the world, Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN has said.
Malami made the assertion as he received the leadership of the Rice Farmers’ Association of Nigeria (RIFAN) together with the visiting delegation from Egypt National Service Project Authority (NSPA), Cairo led by the Egyptian ambassador Moustafa Awad.
Special Assistant on Media and Public Relations, Office of the Attorney General of the Federation and Minister of Justice, Dr. Umar Jibrilu Gwandu made this known in a statement issued to newsmen in Abuja.
According to the statement, Malami said the 1999 Constitution of the Federal Republic of Nigeria gives protection to all investors; citizens and foreigners alike against any form of exploitations noting that foreigners are allowed to register and incorporate companies under the Companies and Allied Matters Act, 2020.
The Minister appreciated members of the Rice Farmers Association of Nigeria (RIFAN) and Egyptian National Service Projects Authority’s delegation to Nigeria, on the investment drive to boost food security and enhancing economic fortunes of the two nations.
Malami stated that under the Nigerian Investment Promotion Act, investors are allowed to invest and participate in the operation of any legal enterprise approved by the law.
The Attorney General of the Federation expressed optimism on the project and notified the Egyptian delegation that the Government of President Muhammadu Buhari, has been unparalleled in its commitment towards making Nigeria a haven for investment through infrastructural development, foreign direct investment and ease of doing business initiatives.
Malami reiterated the Buhari-led administration’s commitment to protection and promotion of the inalienable fundamental human rights to life, liberty including right to own property among others.
The Minister assured the delegation that they have absolutely nothing to fear in their choice of investing in the Nigerian Rice Sector, informing them that the Nigerian Laws, her Justice Administration institutions and systems guaranteed protection of such investments.
The Minister emphasized the fact that the African Continental Free Trade Area Agreement (AfCFTA) was expected to progressively eliminate tariffs on intra-Africa trade, making it easier for African businesses to trade within the continent and benefit from the growing African market.
In their separate remarks, the Head of National Service Project Authority (NSPA), Cairo, General Walid Yehia Soliman Morsy and the Egyptian ambassador Moustafa Awad noted that Egypt has a long-standing relationship with Nigeria hoping that such mutually beneficial bilateral engagements will continue to make the ties stronger through consolidation economic and trade between the two nations.
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CSO Salutes Trump
A Civil Society Organization (CSO) under the aegis of Initiative for Leadership Development and Change (ILDC) has congratulated President Donald Trump as the 47th President of the United States of America.
Chief Ugochukwu Nnam, President of the CSO said this in an interview with the Newsmen in Abuja on Monday.
He expressed optimism over improvement on not just American economy but global economy with the inauguration of Trump.
“This is a man with greater vision of making environment around him great.
“In less than few hours of his inauguration, TikTok is back into existence, this shows how he is going to revive the world economy,” he said.
The ILDC boss who reiterated his confidence in Trump’s Presidency, described him as a man of clues and ideas to drive a stable America and the world at large.
He lauded Trump’s collaboration with global entrepreneurs like Elon Musk in an effort to revitalize America’s economy.
According to him, men and women of ideas flock together, they work together for better society and this is what Trump is doing.
Recall that Donald Trump became the 47th President of the U.S by polling 312 electoral votes Vice President Kamala Harris’ 226 votes in Nov, 2024.
Following the oath of office, Trump will address the nation before he is expected to parade across town to the White House and attend three inaugural balls in the evening
About 200,000 supporters are expected to visit the city to mark the presidential transfer of power.
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