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Gbajabiamila to Ghana: Review legislation on $1 million capital

Gbajabiamila throughout a ‘Legislative Diplomacy’ bilateral assembly with Ghanaian lawmakers.

Speaker of the House of Representatives, Rep. Femi Gbajabiamila, has advocated an amicable settlement of commerce disputes between Nigerians and their host communities in Ghana via arbitration and honest judicial processes.

Gbajabimila made the decision in a press release issued on Thursday after a ‘Legislative Diplomacy’ bilateral assembly with Ghanaian lawmakers and a few high authorities officers as a part of his ongoing go to to Ghana to resolve the disaster.

The Speaker additionally made some far-reaching proposals that will deliver an finish to the assaults on Nigerian merchants doing enterprise in Ghana.

Gbajabimila mentioned he can be glad to champion a legislation to enhance the bilateral commerce relations between Nigeria and Ghana, saying that residents of the 2 international locations stay brothers and sisters.

He referred to as on Ghanaian authorities to revisit the element of the legislation that requires a capital base of $1 million for companies to begin, saying as Africans, Ghana ought to encourage brotherliness.

“First, amicable settlement of commerce disputes via arbitration and honest judicial processes. In this context, we do consider that it’s the sovereign proper of the federal government of Ghana to go and implement the GIPC Act.

“We would implore you to discover different and fewer aggressive choices of partaking, sanctioning and relating with our merchants and enterprise individuals who function in your nation, pay taxes and contribute to the event of each our nations.

“Secondly, we’d encourage you to revisit the element of the legislation that requires a capital base of $1,000,000.

“We are all Africans, all of us have cities and villages, and we all know solely too properly that majority of our merchants throughout the continent are petty merchants.

“The prospect of them having the ability to elevate a capital base of $1,000,000 earlier than they’ll commerce in items which may be price lower than $1,000, clearly is a serious problem.

“Thirdly, one of many issues we’re all proud about and the frequent surname that all of us bear is ‘ECOWAS’ and as you already know, by advantage of being ECOWAS international locations, our nations and our residents ought to be capable to reside, work and thrive in any of our nations with none type of hindrance or discrimination,” he mentioned.

He inspired Ghanaian authorities to discover the rules and the applying of ECOWAS protocols which each international locations are signatories to.

Gbajabimila mentioned that it is very important strengthen legislative diplomacy and collaboration between each international locations.

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