Benjamin Kalu, the deputy speaker of the House of Representatives, promised that the National Assembly would give legislation that would increase foreign direct investments in Nigeria a high priority in order to make Nigeria the finest business destination in Africa.
When Gabor Krauss, the deputy ambassador of Hungary to Nigeria, paid him a courtesy visit in Abuja on Friday, Mr. Kalu made this statement.
The deputy speaker added that Nigeria would be better positioned for development thanks to President Bola Tinubu’s ambitious economic program.
“Nigeria is significant in terms of its potential to play a significant role in the global market, and anyone who seizes this moment to act will stand to gain from the market share that will emerge from Nigeria.
“I say that because we will be using the soon-to-start Africa Continental Trade Agreement, to which we are all signatories. The majority of businesses worldwide are looking at Africa in addition to their own continents.
“You are aware that Nigeria is the continent of Africa’s largest market. Therefore, Nigeria is unavoidable for anyone who wants to be in a position to strategically gain from the Africa continental trade deal.
So by seeking out possibilities that are closer to your people to embrace, what you’re doing right now is beneficial for your country, he explained.
According to Mr. Kalu, the National Assembly would support legislative initiatives that would help boost investors’ trust in Nigeria.
Speaking, Mr. Krauss stated that the purpose of the trip was to inform the deputy speaker of an increase in planned donations and aid to Nigeria.
In order to build a factory as a joint venture that would aid in the transfer of technology to Nigeria, Mr. Krauss claimed that the embassy representatives had traveled to Abia.
He mentioned that several Hungarian businesses were operating there and that his nation had also provided several scholarship possibilities for Nigerian youngsters.
