Nigeria Has Become Unattractive To Foreign Investors – Femi Gbajabiamila

Nigeria Has Become Unattractive To Foreign Investors – Femi Gbajabiamila

The speakers of the Nigerian House of Representatives, Mr. Femi Gbajabiamila, has blamed the current state of insecurity in the country as the reason for Nigeria being uninhabitable for citizens and unattractive to investors.

Gbajabiamila said this during a public presentation of the updated legislative agenda of the house of representatives tagged ‘our contract with Nigerians’,

He noted that the country’s war against insurgents has contributed to the many difficulties the country faces.

“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,” he said.

“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.”

Speaker Gbajabiamila also hinted that the newly updated legislative agenda contains strategies the house plans to follow to help Nigerian cope with the new realities as a result of the COVID-19 pandemic.

"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,” Gbajabiamila said.

He said it is written account of what the house owes the people and how they intend to meet their obligations within the shortest possible time.

He said the document would represent the house intentions and hold them accountable based on what has freely being committed to be achieved.

“Our gathering here today is first to present this document to the public. More importantly, this gathering is intended as a convenient space for us to have frank conversations about how we will go about achieving the objectives we have set out in ‘Our Contract with Nigerians’. This is an opportunity to empower ourselves with the confidence to dare and the skills to deliver.

“I encourage all of us to use the time here today to learn from the speakers and each other, exchange ideas and develop individual roadmap that would guide our interactions as we work together to deliver a House of Representatives that meets the highest expectations of its citizens.”