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Danfako Media Ventures > Blog > Daily News > ZMHA CLEARS WAY FOR FOREIGN INVESTORS
Daily News

ZMHA CLEARS WAY FOR FOREIGN INVESTORS

danfako
Last updated: 2021/11/11 at 4:12 PM
By danfako 4 Min Read
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FROM SURAJO MUHAMMAD

The Zamfara State House of Assembly has made its quest for getting a legal framework for direct foreign investment in the state.

Followed by passage of a bill into law that will allow for the establishment of the Directorate of investment and Public Private Partnership and for other matters connected therewith 2021.

  The Chairman House Committee on Commerce and industries, Hon Mansir Muhammad Daki Takwas, representing Gummi (1), said, the bill was first brought to the floor of the House on Wednesday 26th February, 2020 and passed through Second reading on 11th February 2021.

“My committee went into action by consulting widely with all the relevant stakeholders by putting into accounts of positive contributions from Hon members during the second reading of the bill to really justify the need to have this bill passed into law”,the Chairman said.

“After careful considerations, evaluation and critical analysis of all the submissions and observations expressed during the proving of the bill, his committee has come-up with some far reaching recommendations that when dully follow will pave way for a legal framework for local and international investors to invest freely without any hitch.

the bounties of Economic and mineral deposits that Allah has endowed Zamfara state with”, Hon Mansir Said.

He solicited for the support and corporation of his colleagues for the bill to passed without further delay and also gave it a third and final reading for the government and good people of the state to benefit with enormous content and verse legal framework contained in the bill.

Speaking after explaining the report before the House, Speaker of the House, Nasiru Mu’azu Magarya allow for contributions and observations from the members before considering the passage of the bill into law.

In their Various Contribution,  the deputy House leader Hon Nasiru Bello Lawal Bungudu commended the effort  of the committee for arriving at this decision, adding that, for the first time in the political history of Zamfara, the state now has a legal framework for, that  would allow investors to  come and have direct local and international investment in the state .

He then urged all his Members to give the bill maximum support and accelerated passage and forward a clean copy to the executive governor for his assent for the state to start enjoying the drivable benefits of the bill.

While Hon Speaker Magarya ordered the clerk to the House to give the bill third reading and saluted the courage of the committee on commerce and industries for attaining this feat of legislative development.

With this development, the state is now set to receive and accommodate local and international investors who are willing to come and invest in the state, called on the federal government to consider lifting the ban on mining activities in the state and other neighbouring states of Zamfara to ensure true federalism as enshrined in our constitution”, Speaker Said.

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