Strat.1 Work with the Corporate Affairs Commission (CAC) and other relevant agencies to promote the streamlining and digitisation of the business registration process to reduce bottlenecks and delays .
Strat.2 Work closely with the Executive to review and update tax laws and policies to modernise the tax system, improve transparency and predictability, and offer incentives to businesses and foreign investors .
Specific Legislative Actions
Strat.1
Strat.2 The Ongoing tax reform (Nigeria Tax Administration Bill: HB.1756; Nigeria Revenue Service (Establishment) Bill: HB.1757; Joint Revenue Board Bill: HB.1758 and Nigeria Tax Bill: HB.1759)
Improved Business Environment and Tax Reforms
Not started
In progress
Completed
Implementation Strategies
Strat.1 Develop legislation to improve access to finance, especially for small and medium-sized enterprises (SMEs)
Strat.2 Collaborate with the Executive and relevant labour organisations to modernise labour laws to make the business environment more attractive.
Strat.3 Introduce legislation to provide tax incentives for investment in priority sectors such as agriculture, manufacturing, and infrastructure development .
Specific Legislative Actions
Strat.1 The bills in the 10th House of Representatives of Nigeria that aim to improve access to finance, particularly for Small and Medium-sized Enterprises (SMEs):1. Financial Inclusion Bill, 2023
sponsor by Hon. Mohammed Bello El-Rufai, and passed First Reading on the 5th July 2023; Development Finance Institutions (Regulation and Supervision) Bill, 2023 sponsored by Hon. Babajimi Benson, passed first reading on 12th October 2023;
Motion: Improving Access to Capital for Women and Youth-Owned SMEs
Moved by Hon. Khadijat Bukar Abba Ibrahim on the 3rd August 2023.
Strat.2 The house collaborated with the Executive in the passage of the minimum wage bill. The passage of this bill followed extensive negotiations between the Executive, Committee members of the House and organized labor unions, culminating in a consensus to enhance workers' remuneration.
Strat.3 The Ongoing tax reform (Nigeria Tax Administration Bill: HB.1756; Nigeria Revenue Service (Establishment) Bill: HB.1757; Joint Revenue Board Bill: HB.1758 and Nigeria Tax Bill: HB.1759)
Improved Business Environment and Tax Reforms
Not started
In progress
Completed
Implementation Strategies (STRAT)
Strat.1 Support the Executive to provide reliable infrastructure needed to attract investors .
Strat.2 Support the creation of special economic zones offering incentives for foreign businesses and ensuring no discrimination against foreign investors .
Strat.3 Enact legislation to promote domestic and foreign investment by streamlining bureaucratic processes and incentivising investors through investor- friendly policies to attract investment to Nigeria .
Specific Legislative Actions
Strat.1 The 10th House of Reps has taken several actions toward supporting the Executive to provide reliable infrastructure needed to attract investors. This include improvement in ELectricity ((HB.445) Electricity
Act (amendment) Bill,2023);
Road Networks (https://www.vanguardngr.com/2024/10/fg-approves-over-n820bn-for-rehabilitation-of-abuja-kaduna-zaria-kano-bodo-bonny-roads/)
Through Motion: (Motion by Hon. Khadija Bukar Abba Ibrahim (July 2023) calling for urgent rehabilitation of federal highways to boost economic activities.
Motion by Hon. Sada Soli (September 2023) pushing for acceleration of infrastructural projects under the Presidential Infrastructure Development Fund (PIDF)). Through Bill: Nigeria Infrastructure Development Commission (Establishment) Bill, 2023 sponsored by Hon. Abdullahi Ibrahim Ali Halims, passed first Reading on "
Strat.2 As of April 2025, the 10th House of Representatives of Nigeria has demonstrated support for the establishment and revitalization of Special Economic Zones (SEZs) to attract foreign investment. A notable instance is the motion passed on December 17, 2024, urging the Federal Government, through the Nigeria Export Processing Zones Authority (NEPZA), to reopen negotiations with the Benue State Government to reactivate agreements for the Makurdi Special Economic Zone. (https://orderpaper.ng/home/wp-content/uploads/2025/01/Order-Paper-17-December-2024.pdf?utm)
Strat.3 Through the propose Nigerian citizenship for major foreign investors bills; Investments and Securities Act (Amendment) Bill, 2024 and the National Digital Economy and e-Governance Bill
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