How insecurity has scared away investors from Nigeria – Abbas
By Msugh Ityokura
The speaker, House of Representatives, Tajudeen Abbas said Tuesday, in Abuja that security has been a major challenge bedeviling Nigeria
He recounted the loss of human lives and materials arising from banditry, kidnapping, armed robbery, oil and solid minerals theft, insurgency among others.
These he noted have had the combined effect of scaring investors and creating humanitarian challenges through the displacement of families.
“They have also created issues with food security arising from desertion of farms by farmers. It is therefore imperative that we use the instrumentality of the law to effectively address these challenges”
He spoke during a public hearing on a bill for the establishment of a Nigerian Security and Intelligence Trust Fund at.the National Assembly
The Bill is aimed at boosting the capacity of Nigeria’s security and intelligence architecture to effectively pursue their constitutional mandate of security of lives and property which is the primary responsibility of government.
“Despite these challenges, our security forces have continued to work hard within its constitutional powers to maintain security of lives and property” he said
According to the speaker,This public hearing was “organized to afford members of the public the opportunity to make informed contributions that would assist the House of Representatives to take a decision towards the establishment of a Nigerian Security and Intelligence Trust Fund which would lend itself to help increase the funding of the security agencies and enhance their capacities for intelligence gathering, training, and equipment with the overall aim of nipping security challenges in the bud.
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“I must, however, remind all of us that as we navigate through this, we must also bear in mind the establishment laws of the existing security agencies to ensure that we do not, in the process of solving a problem, create a new one through a duplicity of functions and roles” he said.
He assured that the House will lend itself to promoting Nigeria’s best interest in the pursuits of the objectives and goals of President Bola Tinubu’s, “Renewed Hope mandate”
