Nigeria's House of Representatives Advocates for US Economic Ties

The House of Representatives has urged for stronger economic cooperation between Nigeria and the United States, highlighting the necessity for transparent laws, predictable taxation, and an improved business environment to attract investment and stimulate economic growth. Speaker Abbas Tajudeen (Rep, Zaria), represented by House Leader Julius Ihonvbere (Rep, Owan East/Owan West), made this call during a meeting of the Nigeria-United States Parliamentary Friendship Committee with American business representatives and Nigerian entrepreneurs in Abuja.

Ihonvbere emphasized the legislature's role in enacting laws that reduce uncertainty and protect business interests. He noted that investors prefer environments where laws are clear and regulatory processes are transparent.

The National Assembly is focused on creating an enabling environment for enterprises, stimulating productivity, and generating employment. Ihonvbere also mentioned ongoing tax reforms aimed at modernizing Nigeria's tax system.

He welcomed American businesses' willingness to share insights on improving Nigeria's investment climate and highlighted the committee's efforts to establish economic links through policy dialogue and addressing barriers to commercial relations.