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Gbajabiamila urges Ghana to revisit law on $1m business capital

The Speaker of the House of Representatives Mr Femi Gbajabiamila has made some far-reaching proposals that would bring an end to the attacks on Nigerian traders doing business in Ghana.

During a ‘Legislative Diplomacy’ bilateral meeting with Ghanaian lawmakers and some top government officials as part of his ongoing visit to Ghana to resolve the crisis, Mr Gbajabiamila advocated for an amicable settlement of trade disputes through arbitration and fair judicial processes.

The Speaker also said he would be glad to champion a law to improve the bilateral trade relations between Nigeria and Ghana, noting that citizens of the two countries remain brothers and sisters.

He called on Ghanaian authorities to revisit the component of the law that requires a capital base of $1 million for businesses to start, saying as Africans, Ghana should encourage brotherliness.

The Speaker observed that the relationship between Nigeria and Ghana is one of the most important in Africa, saying at a time the world is battling the COVID-19 pandemic and the economic impacts and the pressures on public coffers “and service delivery systems are weighing heavily on all, it is clear that this is not a time for conflict and disagreements, but a time for partnership and solidarity.

He said it is in a bid to improve the bilateral relationships among African countries that he has been championing the creation of the Conference of Speakers and Heads of African Parliaments ( CoSAP) aimed at identifying, discussing and resolving issues and challenges that affect growth, stability and development within different regions and across the continent.

Mr Gbajabiamila said the challenges that Nigerian traders face in Ghana are a cause for deep concern for all arms of the Nigerian government and the Nigerian people, calling for urgent action to end the hostility.

The Ghanaian Minister of Trade and Industry Mr Alan Kyeremateng, said there are many Ghanaians and Nigerians who are going about their lawful duties without difficulties.


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