Nigerian laws provide best legal protection for foreign investors, says Malami

The Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN says Nigeria’s laws provide some of the best legal protections for foreign investors to be found anywhere in the world.

This is contained in a statement issued by Dr Umar Gwandu, Special Assistant on Media and Public Relations to the Attorney General of the Federation (AGF).

Malami made the assertion on Monday as he received the leadership of the Rice Farmers’ Association of Nigeria (RIFAN) together with the visiting delegation from Egypt National Service Project Authority (NSPA), Cairo led by the Egyptian ambassador to Nigeria Moustafa Awad.

He said the 1999 Constitution of the Federal Republic of Nigeria gives protection to all investors, citizens and foreigners alike against any form of exploitation.

He noted that foreigners are allowed to register and incorporate companies under the Companies and Allied Matters Act, 2020.

The minister appreciated members of RIFAN and the Egyptians on the investment drive to boost food security and enhance the economic fortunes of the two nations.

“Under the Nigerian Investment Promotion Act, investors are allowed to invest and participate in the operation of any legal enterprise approved by the law”.

The attorney general expressed optimism on the project and notified the delegation that the government of President Muhammadu Buhari, has been unparalleled in its commitment to making Nigeria a haven for investment.

“This is done through infrastructural development, foreign direct investment and ease of doing business initiatives.

“This administration is committed to protecting and promoting the inalienable fundamental human rights to life, liberty, right to own property, among others”.

The minister assured the delegation that they have absolutely nothing to fear in their choice of investing in the Nigerian Rice Sector, informing them that the Nigerian Laws, her Justice Administration institutions and systems guarantee protection of such investments.

They both hoped that such mutually beneficial bilateral engagements will continue to make the ties stronger through consolidation of economic and trade relations between the two nations.