FG Is Committed To Promoting Ease Of Doing Business – Enelamah

Okechukwu-EnelamahThe Minister of Trade, Investment and Industry, Mr Okechukwu Enelamah, says one of the key priorities of the government is to promote the ease of doing business in Nigeria.

Mr Enelamah made the statement during a public hearing on Tuesday on two consolidated bills organised by the House of Representatives Committee on Commerce to ensure fairness in economic activities in Nigeria.

The Federal Competition and Consumer Protection Bill seeks to establish a commission to regulate competitive activities in every sector of the economy.

The bill, which is co-sponsored by the Speaker of the House of Representatives, Honourable Yakubu Dogara, aims at promoting and protecting a competitive market from unjust business practices.

Mr Dogara was represented at the public hearing by Honourable Pally Iriase who stressed the need for the establishment of the commission.

The Chairman of the House Committee on Commerce, Honourable Sylvester Ogbaga, identified the bill as a way to aid the diversification of Nigeria’s economy and create jobs.

The Minister of Trade, Investment and Industry also advocated for competition laws to strengthen the nation’s economy and recommended the quick passage of the bill.

Other agencies and groups, however, emphasised the need to strengthen regulatory bodies.

Participants at the public hearing agreed that the Federal Competition and Consumer Protection Bill would encourage foreign investments and facilitate the growth of small and medium scale enterprises in the country.

The approval of the commission  had earlier been given by President Muhammadu Buhari few days ago, according to the Vice President, Professor Yemi Osinbajo.

A statement by a spokesman for the Vice President, Laolu Akande, said Professor Osinbajo announced the approval of the commission while presiding over the first Quarterly Consultation between the presidency and the Manufacturers Association of Nigeria on Friday afternoon.

Second Edition Of Bayelsa Economic Forum Begins In Yenagoa

BSIEF-BayelsaThe second edition of the Bayelsa State Investment and Economic Forum (BSIEF) has kicked-off in Yenagoa, the Bayelsa State capital.

The State Commissioner of Trade, Investment and Industry, Mr Kemela Okara, told reporters on Wednesday that he essence of the Economic Forum was to bring the world to Bayelsa State and vice-versa.

Mr Okara said that this year’s edition of the summit was intended to consolidate on the achievements made from the forum during the first edition that was held in July last year.

The Commissioner, who assured participates at the forum of a safe environment in the state, advised them to take advantage of the preparedness of the present administration to unveil the projects of the government, and enter into fruitful partnership with all interested participants.

The BSIEF is a platform through which government of Bayelsa State seeks to collaborate with the private sector to build a system where private enterprise will thrive.

According to the BSIEF’s website, this year’s forum will showcase to the world, Bayelsa State’s industrialisation plan and the consequent investment opportunities existing in the state.

The platform is also organised to unveil the proposed Eco-Industrial Park and the investment opportunities that are existent in its development, foster discussions and dialogue between projects developers, investors and financiers and the state government, encourage and facilitate investments in oil and gas and power generation among others.