Zamfara Assembly Passes Into Law Directorate of Investment, PPP, To Allow For Direct Foreign Investment

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From Maiharaji Altine, Gusau

The Zamfara state House of Assembly has today made another giant stride in the quest for getting a legal framework for direct foreign investment in the state. 

In a statement, the Director General Media Public Relations of the House, Mustafa Jafaru Kaura said, “This followed the passage of bill into law that allowed for the establishment of the  Directorate of investment and Public private partnership and for other matters connected therewith 2021”.

Mustafa said, presenting his report before the hallow chamber for consideration and possible passage into law, the chairman, House standing Committee on commerce and industries, Hon Mansur Muhammad Daki Takwas representing Gummi one, informed his colleagues that the bill was first mentioned on the floor of the House on Wednesday 26th February 2020.

Hon Mansur said the bill was also given second reading on 11th February 2021 about a year interval between first and second reading and was sent to his committee for proper scrutiny. 

Since then, according to Hon Mansur Muhammad his committee delved into action by consulting widely with all the relevant stakeholders by putting into accounts positive contributions of Hon members during the second reading of the bill to really justify the need to have this bill passed into law.

He said after careful considerations, evaluation and critical analysis of all the submissions and observations expressed during the scrutiny of the bill, his committee has come-up with some far reaching recommendations that when dully followed 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,

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

Shortly after laying the report before the mace of the Assembly, speaker Nasiru Mu’azu Magarya who presided today’s plenary allow for  contributions and observations from the members before considering the passage of the bill into law.

Leading debate on the matter the deputy House leader Hon Nasiru Bello lawal Bungudu commended the forsight of the committee for arriving at this decision, saying for the first time in the political history of zamfara, the state now has a legal framework for would be investors to  come and have direct local and international investment in the state .

He then called on his colleagues to give this bill maximum 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.

Also contributing a member representing Tsafe West constituency Hon Aliyu Namaigora Danjibga added his voice on the matter describing the bill as timely .

While directing for the passage of the bill into law 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 according to Speaker Nasiru Magarya the state is now set to receive and accommodate local and international investors who are willing to come and invest in the state.

The Speaker also 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. 

Shortly after exhausting today’s order paper speaker Magarya directed Deputy House leader Hon Nasiru Bello lawal Bungudu to adjourn today’s plenary  to tomorrow Wednesday 10th November 2021  by 10:00 AM prompt insha-Allahu and was seconded by  Hon Sani Dahiru Adabka .          

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