By Torkwase Nyiekaa
Copyright independent
President Bola Ahmed Tinubu’s Renewed Hope Agenda received a boost on the global stage as the Nigerian Parliament reaffirmed its drive to attract foreign investors through pro-business legislation, tax reforms, and incentives designed to stimulate economic growth.
This assurance came from the Chairman of the House of Representatives Committee on Foreign Affairs, Hon. Wole Oke, while addressing lawmakers from across the developing world at the ongoing Global South Legislators’ Summit in Urumqi, China.
Oke, who represents Obokun/Oriade Federal Constituency of Osun State under the All Progressives Congress (APC), explained that the National Assembly has been working to back the president’s economic reforms, particularly those aimed at making Nigeria a more attractive destination for international investors. He stressed that Nigeria’s population of over 250 million people offers a vast market with enormous opportunities across sectors.
The lawmaker also appealed for support towards Nigeria’s bid for a non-permanent seat on the United Nations Security Council, describing the country as a credible candidate given its leadership role in Africa.
Extending an invitation to Chinese entrepreneurs, Oke urged them to tap into Nigeria’s expanding investment opportunities in sectors such as aviation, agriculture, and energy. He noted that Nigeria’s diverse energy mix, spanning solar, hydro, wind, and coal, provides a strong foundation for technological advancement and industrial growth.
“Our parliament has been backing reforms that make it easier to do business,” Oke said. “China already has one of the largest numbers of companies in Nigeria, both nationally and at the sub-national level, but we would like to see more investments in critical sectors.”
He further called for stronger cooperation among Global South nations, anchored on fairness, mutual respect, and shared benefits, with emphasis on the free flow of goods, services, and people. According to him, Nigeria has already signed several integration agreements within Africa, including visa-free entry for Chinese diplomats.
Oke urged the Assembly to expand its focus beyond politics to embrace economic growth, trade, technology transfer, climate-friendly initiatives, and shared prosperity.
“I encourage us to see the Global South not just as a political alliance, but as a platform for deeper economic ties, technology exchange, sustainable policies, and prosperity for our people,” he added.
The Urumqi summit convened legislators from across the developing world to deliberate on strengthening partnerships and advancing the collective interests of member nations.
