An executive bill tagged, ‘Enugu State Investment and Human Development Authority Bill’, sponsored by the leader of the House, Hon. Ikechukwu Ezeugwu yesterday scaled second reading on the floor of the House.
The bill formerly tagged: ‘Enugu State Investment Promotion Bill,’ was earlier passed by the 5th Assembly but was not accented to by the former Governor Chime.
Contributing to the debate on the floor of the House, the sponsor, Hon. Ezugwu ex-rayed the advantages of the bill when passed into law.
Ezeugwu said no sane investor would like to invest in an environment where he is not sure of the security of his investment.
He pointed out that when passed into law, it will not only attract investors but also create employment as well as serve as a source of revenue for the state.
“Talking of attracting investors, no sane invest in an environment where he is not sure of the security of his investment. This bill safeguards investors.
“If you talk of employment generation, it will trickle down to every sector and our youths will get employed and curb youth restiveness.
“It will increase revenue by way of IGR. I encourage my colleagues to contribute to the bill by a robust deliberation,” Ezeugwu urges.
In his own contribution, Hon. Chinedu Nwamba, Nsukka East Constituency said if the bill is enacted, “it will be a guarantee to investors to invest in the state because it will guarantee their safety and profit.”
Nwamba pointed out that Enugu State had been the capital of Eastern Nigeria and would serve as the hub of business in the South East with the aid of the bill.
Member representing Awgu North, Hon. SKE Ude-Okoye said Nigeria is in economic trauma today because of over reliance on oil saying that if investment is encouraged, the economic fortune of the country and Enugu State would change.
He stressed the need for investment opportunities to be promoted because of the inherent gains that will accrue.
Hon. Emeka Ogbuabor of Isi-Uzo said when the bill is passed and accented to, it will change the state from a consuming state to a producing one.
Speaker of the House, Hon. Edward Ubosi charged House Committees on Commerce and Industry, Judiciary, MDG and poverty alleviation to look into the various aspects of the Bill and organise public debate and report to the House in three weeks time.


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