House of Representatives Speaker, Yakubu Dogara on Wednesday, declared that the drive for foreign investment will be boosted if the country domesticates international conventions and statues on the environment and human rights.
Speaking at a public hearing held by the House Committee on Treaties, Protocols and Agreements on two bills pertaining to the domestication of the Stockholm Convention and the Rome Statute, which are international instruments on the protection of the environment and human rights respectively, the speaker stated that the House is committed to prioritising issues related to human rights and protection of the environment.
He asserted that domesticating international conventions and statues will result in an increased foreign direct investment inflow and help in lowering the administrative cost of taxation.
“You will agree with me that these two bills are very important to us as a country because they are meant to protect human lives and secure the health of the people as well as the environment.
In addition, they will lower the administrative cost of taxation and encourage the inflow of Foreign Direct Investment (FDI) to our country,” Dogara said.
He added that the House considers health and environmental issues to be of utmost importance, especially as both bear a direct impact on economic growth and development.
“Let me stress here that the House of Representatives is aware of the need to be responsive and take initiative on issues of the environment and health, as well as national economic challenges.
“That is the essence of these two bills. Moreover, the issues that these two bills reinforce the provisions of the right to life in Section 33 of the 1999 Constitution as amended.
The passage of these bills into law will further assure our international partners that we are alive to the obligations to which our country as a member of the global community is committed,” the speaker stated.
According to him, the process of making treaties, agreements and protocols become part of the nation’s laws are encapsulated in Section 12 (1) of the constitution.
The bills being considered are a bill for an Act to give effect to the Stockholm Convention on persistent organic pollutants and a bill for an Act to provide for the enforcement and punishment of crimes against humanity, war crimes, genocide and to give effect to certain provisions of the Rome Statute of the International Court in Nigeria.