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Saraki assures investors of attractive business environment
 
By:
Mon, 31 Aug 2015   ||   Nigeria, Abuja
 

The Senate President, Bukola Saraki has assured investors of an attractive business environment in Nigeria.

Saraki made this known when the Chairman of Black Rhino Group and Emir of Kano, Muhammadu Sanusi II, led the Chairman and Co-founder of Blackstone Group, Stephen Schwarzman and his delegation on a courtesy visit to the Senate President in Abuja.

The President, Dangote Group, Alhaji Aliko Dangote, was also a part of the delegation.

The Senate President said  the eighth Senate would concentrate on commercial aspects of  the nation’s laws, having successfully reviewed the criminal aspect in the seventh Senate.

Saraki said: “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 interesting and attractive to invest in Nigeria.

“In the seventh Senate, we had done a review of the criminal aspect of the laws and brought them up to date and now, we are dealing on the commercial side," he said.

Earlier, Sanusi said his firm, Black Rhino Group, which handles Africa’s infrastructure investments, is partnering with Dangote Group to make significant investments in the country.

The Emir of Kano added: “I am here in my capacity as the chairman, Black Rhino Group, which handles Africa’s infrastructure investment and we are committed, in partnership with Alhaji Aliko Dangote, to make significant investments in power, energy and infrastructure in this. country.

Also, Dr Saraki charged the Senate Ad-hoc Committee on Power to urgently work towards the resolution of all the challenges currently facing the power sector.

Inaugurating the committee headed by Senator Abubakar Kyari in Abuja, Saraki said the economic woes in the country can only be addressed when the power sector is fully made functional.

He said the immediate concern of the  Senate is to use every legislative instrument at its disposal to ensure that “light replaces the darkness” in the country.

“Cannot be prosperous without us addressing the problems of the  power sector.

“The power sector is a key driver of the economy. Whatever we do in trying to address the problems of the power sector is essential in trying to rebuilding  economy. The power challenges that we have are real. They are serious and many,” he said.

 

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