The Speaker of the House of Representatives, Abbas Tajudeen, has pledged that the National Assembly will repeal outdated laws that hinder investment and introduce reforms to make Nigeria’s business environment more competitive.
Mr Tajudeen gave the assurance on Thursday at the Legislative Business Breakfast, held at the National Assembly as part of the 2026 National Assembly Open Week. He stated that the House will focus on providing regulatory certainty, reducing the cost of doing business, expanding access to finance, and strengthening oversight of agencies tasked with implementing economic reforms.
“We will repeal the obsolete laws that frustrate enterprise and legislate to support local manufacturing, agriculture, and our readiness for the continental market,” the Speaker said.
He also promised greater legislative predictability for investors, adding, “Laws affecting business will be stable, transparent, and created with your input so that no investor is ever ambushed by a rule they could not foresee.”
Mr Tajudeen noted that these commitments followed extensive engagement with business leaders and emphasised that Parliament must first understand the private sector’s challenges before enacting legislation. He acknowledged concerns raised by business leaders, including high borrowing costs, foreign-exchange volatility, multiple taxation, unreliable electricity supply, insecurity, and policy uncertainty.
