Senate President Bukola Saraki has said that the upper legislative chamber will review old laws and create legislation that will make investing in Nigeria conducive.
According to a statement by his Chief Press Secretary, Sanni Onogu, Saraki said this when the Emir of Kano, who is also the Chairman of Black Rhino Group, Muhammadu Sanusi II, led the Chairman and co-founder of Blackstone Group, Stephen Schwarzman, paid him a visit in Abuja.
Saraki said “I congratulate you on the first step you have taken in coming to invest in Nigeria and to reassure you that as far as we are concerned, the Senate will support in any way we can to make legislations that will make investing in Nigeria conducive.
“One of our priorities in the legislature is to look at the private sector and the business environment because some of our old laws have not been reviewed and that is why we are setting up committees to look at and make it more attractive to investors.
“In the Seventh Senate, we did a review of the criminal aspect of the laws and brought them up to date and now we are dealing on the commercial side.”
The Chairman and Co-founder of Blackstone Group, Stephen Schwarzman, said “We have been very active in the infrastructure business particularly with power. We have teamed up with Aliko Dangote to try and do some projects here in Nigeria.
“We are very positive about the impact we can make and as an outsider, we have seen the change, the government’s emphasis on power. It is very important from an outsider’s perspective.”
Leave a Reply