Tinubu’s govt implementing bold reforms to stabilise economy, enhance investor confidence – Speaker Abbas

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The Nigerian Government under the leadership of President Bola Ahmed Tinubu, GCFR, is implementing bold reforms that are stabilising the economy, enhancing investor confidence, and improving the ease of doing business, the Speaker of the House of Representatives Rt. Hon. Abbas Tajudeen, Ph.D., GCON, has said.

Speaking at the opening ceremony of the China International Import Expo (CIIE), 2025 at the National Exhibition and Convention Centre, Shanghai, China,

Speaker Abbas said the Nigerian National Assembly is working assiduously to back the reforms through strong legislation.He said: “These reforms, backed by strong legislative support, are creating opportunities for innovation and local production.

The National Assembly has advanced key bills to support this vision, including legislation mandating a minimum of 30 per cent local value addition before export and reforms to make the Nigeria Export–Import Bank more responsive to exporters’ needs.”These measures are designed to help Nigerian businesses take full advantage of platforms such as the China International Import Expo.

“Speaker Abbas also noted that the Nigerian Parliament plays an important role in strengthening the country’s relationship with China, saying under his leadership, the 10th House established the Nigeria–China Parliamentary Friendship Group, which has become a model for legislative diplomacy and cooperation.“Through this platform,” he added, “our two parliaments regularly engage to promote trade, technology, and cultural exchange.

In the past year, we have welcomed high-level delegations from China, including Mr. Zhang Qingwei, Vice Chairman of the Standing Committee of the National People’s Congress, and Mr. Hu Chunhua, Vice Chairman of the Chinese People’s Political Consultative Conference.

On the recent designation of Nigeria as a Country of Particular Concern by the United States President Donald Trump, the Speaker said, “We affirm that freedom of religion and belief is protected under our Constitution and emphasise the need for direct engagement with the U.S. government to communicate Nigeria’s position through dialogue.

“He added: “I call on the United States to work with Nigeria as we tackle the real causes of tension, including poverty, exclusion, and insecurity. We can only make real progress by working honestly and collaboratively. Together, we must strengthen peace, promote democracy, and create a fairer and more stable world.”

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