Engr Abdullahi Sule has signed the Nasarawa State Investment Development Agency Bill 2020, as well the Nasarawa State Mortgage and Foreclosure Bill, into law.
The Investment law would ensure that the state and the investors get maximum benefit and security from their Investments.
Engr Sule described the two new laws as a foundation for the take-off of the state’s friendly business environment, stressing that without the laws, it will be difficult to attract lots of investors into the state.
“Without these laws, it would be very difficult to be able to invite a lot of investors, who are serious about investment, who understand what investment is, who understands what it takes for resolutions of all kinds of issues that come as a result of the investment,” Sule said.
According to the Governor, the Nasarawa State Investment Development Agency will facilitate the establishment of a one-stop-shop for all kinds of investments, where the government will assist investors towards realizing their vision.
The mortgage and foreclosure law, on the other hand, will promote liquidity.
“For housing, it’s going to fast track the process of creating all the legal issues on mortgages and the issue of timely resolution of all kinds of disputes that are likely to happen,” he said.
Earlier, the Managing Director, Nigerian Mortgage Refinancing Company (NMRFC), Kehinde Ogundimu said “There is a direct correlation between legal framework and amount of investments you have in a state. Now that we have the legal framework, we will not relent in attracting investment to Nasarawa State”.
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