Experts mull amendment to 54 laws to make Nigeria investor-friendly

A TEAM of consultants, under the auspices of Department For International Development (DFID), yesterday called on the National Assembly to either amend or repeal 54 of the country’s extant laws if the country is to make progress in her quest to attract investors and become business-friendly.

A statement by the Chief Press Secretary to the Senate President, Sanni Onogu, said the experts made the appeal while presenting the 168-page report titled, “Comprehensive Review of the Institutional Regulatory, Legislative and Associated Instruments Affecting Businesses in Nigeria” to the Senate President and his colleagues in both chambers of the National Assembly.

The leader of the team of experts sponsored by DFID, Prof. Paul Idornigie, said apart from 54 laws reviewed, they also did a comprehensive analysis of 50 other bills pending before the two chambers of the National Assembly.