The Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen, has pledged that the National Assembly will repeal obsolete laws hindering businesses, strengthen regulatory certainty and support reforms aimed at improving Nigeria’s investment climate and accelerating economic growth.
Speaking at the Legislative Business Breakfast held as part of the 2026 National Assembly Open Week in Abuja, Abbas said the House would pursue a legislative agenda focused on reducing the cost of doing business, expanding access to finance, promoting local manufacturing and strengthening oversight of agencies implementing economic reforms.
He said the House was committed to ensuring that laws affecting businesses remain stable, transparent and predictable, noting that investors require policy certainty to make long-term decisions.
Abbas also proposed the establishment of a National Assembly and Business Executive Roundtable (NABER), to institutionalise regular engagement between lawmakers, the organised private sector and development partners on reforms needed to improve Nigeria’s business environment.
Director-General of the Presidential Enabling Business Environment Council (PEBEC), Princess Zahra Mustapha Audu, said the Council had shifted its focus from policy formulation to implementation, stressing that efforts were underway to eliminate regulatory bottlenecks and improve coordination among government agencies.
She said PEBEC had introduced reforms to address regulatory overlaps and improve service delivery, adding that credible data remained essential to attracting investment and projecting Nigeria’s true business potential.
Former Minister of Information, Lai Mohammed said investors were more concerned about the stability of laws than the individuals occupying political offices.
He urged the legislature to enact laws capable of outlasting political administrations, noting that policy continuity was critical to sustaining investor confidence.
Stakeholders at the meeting emphasised the need for closer collaboration between the legislature and the private sector, saying stable policies, improved regulation and sustained reforms would strengthen Nigeria’s competitiveness and drive long-term economic transformation.
