The National Assembly has restated its commitment to enacting business-friendly laws and tax incentives to draw foreign investment into Nigeria’s economy.

Chairman of the House of Representatives Committee on Foreign Affairs, Oluwole Oke, made the pledge on Wednesday while addressing parliamentarians at the Global South Legislators’ Summit in Urumqi, China.

Oke, who represents Obokun/Oriade Federal Constituency of Osun State, said the legislature had been backing President Bola Tinubu’s economic reforms. “Our parliament has been supportive of reforms that ease business operations,” he said.

He noted that Nigeria’s population offers “a vast market and opportunities across multiple sectors” and urged for deeper collaboration among Global South nations based on “mutual respect, equal partnership, and shared benefits.”

Oke reminded delegates that Nigeria had signed agreements promoting regional integration, including visa-free access for Chinese diplomats. He called on the summit to “look at the global south, not only as a political alliance but as a platform to deepen economic ties, transfer technology, promote climate-friendly policies, and ensure prosperity for our people.”

He also used the forum to solicit support for Nigeria’s bid for a non-permanent United Nations Security Council seat and invited Chinese investors to explore opportunities in aviation, energy, and agriculture.

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