Senate assures foreign investors of conducive environment


The Nigerian Senate has assured foreign investors of a conducive working environment in Nigeria, to help grow their businesses and build bilateral confidence.

This was even as the Senate had vowed to pass laws that would enable investors feel comfortable doing business in Nigeria.

Deputy President of the Senate, Ike Ekweremadu, disclosed this, on Thursday, while receiving the management of Metropolitan Motors Limited and BAJAJ automobile, in National Assembly.

The automobile giant was in National Assembly, to expose its new technology in Nigeria, the BAJAJ Maxima Cargo, designed to provide solutions to transpiration challenges.

Ekweremadu expressed gratitude to the Indian company for providing employment opportunities for hundreds of Nigerians by establishing an assembly plants in Nigeria, saying, “this is the right time to arrive in Nigeria, when nobody believes in us”.

He was optimistic that, with the arrival of the new BAJAJ Maxima, more jobs would be created for Nigerian youths.

He said, “today, we are challenged with unemployment and youth restiveness, which is also a function of unemployment and as long as we are creating employment for our people I’m sure we are rolling back those challenges”.

He assured them that the Senate would continue to pass laws that will make investors have confidence in the system, “such as ease of doing business in Nigeria, to ensure that those who come to Nigeria to invest don’t have hard times in the issuance of visa on arrival, tax holidays and others, adding that, “no country can develop on its own, because we run a global village”.

Earlier, the leader of the delegation and Managing Director of Metropolitan Motors Limited, Mr. Olutoyin Okeowo, informed the Deputy Senate President that, the Indian company agreed to partner with Metropolitan Motors to launch Maxima Cargo in Nigeria, being the first non-Asia country in the business, because, the investors had confidence in Nigeria’s economy.

He said “the technicians who assemble the new technology are Nigerian youths who were trained abroad and are doing well at it”.

On his part, the Managing Director of BAJAJ Auto, Mr.Sanjiv Bajaj, said his company has been doing business in Nigeria since 10 years ago, as a result of confidence it has built in the country, BAJAJ decided to launch its Maxima Cargo, in addition to Motorcycles and Tricycles (KEKE NAPEP), which have been operational in Nigeria.

“BAJAJ has currently engaged about 500 workers in Nigeria and before the next 3 years, with this new cargo, we would have employed over 100,000 Nigerian youths in BAJAJ”, he added.

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