17 January 2013

Nigeria: NBA to Champion Economic Drive for Nigeria

Lagos — The Nigerian Bar Association (NBA) has revealed its intention to embark on aggressive advocacy for the reform of investment law that will make Nigeria attractive to investors and also create conducive business environment.

The legal body made this known through its national President, Okey Wali, who spoke at the 9th Gani Fawehinmi lecture organized by the Ikeja Branch of the NBA in Lagos.

According to Wali, it has become imperative to act urgently on the deterioration of the Nigerian economy which he largely attributed to the unfriendly atmosphere investors have to contend with in the country.

He said: "Foreign investors can only invest in a secured, peaceful country. With the situation on ground in Nigeria today, Nigeria presents possibly the most challenging development environment in the world. As it is, the business and investment climate is harsh and unsupportive. The future of economic stability of Nigeria depends on creating an environment in which people with capital to invest and create jobs will want to risk that capital.

"The Nigerian Bar Association shall embark upon aggressive advocacy for the reform of investment laws in order to make our country more investor-friendly. We will seek to collaborate with relevant stakeholders to convene an interactive meeting with the private sector as a means of building synergy with that sector."

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