Why Nigeria remains unattractive to investors – House Speaker Femi Gbajabimiala

Why Nigeria remain unattractive to investors – Femi Gbajabimiala reveals!

The Speaker of Nigeria’s House of Representatives, Honourable Femi Gbajabimiala said one of the reasons why the country is unattractive to investors is as a result of the high level of insecurity in the country.

In addition, the speaker also said that the country has become inhabitable for the citizens to live comfortably as the insecurity situation of the country deepens daily.

Femi Gbajabimiala said this while speaking at the public presentation of the legislative agenda of the 9th House of Assembly tagged “Our Contract with Nigerians” on Saturday in Abuja.

In his words;

“Before now, the extent of our difficulties was well known to us. We have population growth that far outpaces the rate of economic growth. Insecurity has made vast swathes of our country uninhabitable for citizens and unattractive to investment.

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“We are at war, fighting insurgents in the North-east who want to remake our world in the image of a medieval theocracy. Our education system is producing graduates who cannot compete in the 21st-century knowledge economy.”

He also went on to say that the COVID-19 Pandemic and it’s effects on Nigerians, has made the House to update it’s legislative agenda to meet with the realities the country is facing.

He said;

“This updated Legislative Agenda and the implementation plan which we have tagged ‘Our Contract with Nigerians’ sets out the new priorities of this 9th House of Representatives and commits us to a plan of action over the next year, and for the rest of our tenure.”

“We have called this document a contract because that is what it is; a written account of what we owe the people and how we intend to meet our obligations within the shortest possible time.”

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