Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,152,632 members, 7,816,608 topics. Date: Friday, 03 May 2024 at 01:51 PM

Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital - Politics - Nairaland

Nairaland Forum / Nairaland / General / Politics / Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital (17151 Views)

We Need To Revisit The 2024 Budget, Eliminate Frivolous Expenditures - Peter Obi / Transport Ministry Complies With FOI Request On $1.96 Billion Kano-Mardi Rail / I'll Revisit Jonathan’s Confab Report - Atiku (2) (3) (4)

(1) (2) (3) (4) (5) (6) (7) (Reply) (Go Down)

Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by Paschal2806: 4:43pm On Sep 03, 2020
Gbajabiamila urges Ghana to revisit law on $1m business capital

...seeks bilateral trade law between the two countries

...advocates application of ECOWAS protocols

The Speaker of Nigeria’s House of Representatives, Rep. 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, 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.

"First, amicable settlement of trade disputes through arbitration and fair judicial processes. In this context, we do believe that while it is the sovereign right of the government of Ghana to pass and implement the GIPC Act, we would implore you to explore alternative and less aggressive options of engaging, sanctioning and relating with our traders and business people who operate in your country, pay taxes and contribute to the development of both our nations.

"Secondly, we would encourage you to revisit the component of the law that requires a capital base of $1,000,000. We are all Africans, we all have towns and villages, and we know only too well that majority of our traders across the continent are petty traders. The prospect of them being able to raise a capital base of $1,000,000 before they can trade in goods that may be worth less than $1,000, clearly is a major challenge.

"Thirdly, one of the things we are all proud about and the common surname that we all bear is ‘ECOWAS’ and as you know, by virtue of being ECOWAS countries, our nations and our citizens should be able to live, work and thrive in any of our nations without any form of hindrance or discrimination.

"It is in this light we would encourage that we explore how the principles and the application of ECOWAS protocols - which we are both signatories to - may perhaps conflict with the application of the GIPC Act, especially vis-à-vis the recent adoption of the African Continental Free Trade Agreement (ACfTA) by African nations; and also the movement towards a single currency in the West African subregion.

"Fourth, is the importance of strengthening legislative diplomacy and collaboration. Legislative diplomacy is a tool that has been used across the world - both in developing and developed nations - to negotiate, to arbitrate and to find peaceful resolution to disputes between nations. Legislative diplomacy is akin to back-channel diplomacy, which in many cases, makes it more possible for countries to debate and find solutions to problems, without any country losing face publicly.

"In this regard, I do believe that this step both our parliaments have taken to sit, to discuss, deliberate and find solutions; is a sterling example of legislative diplomacy, which the rest of the continent can follow to ensure that while the executive arm of government is performing its duties, that we in the legislature can also leverage our knowledge, our experience, the relationships we have amongst ourselves, to complement efforts in finding collective solutions to our shared problems.

"Fifth, like I said right from the beginning, Nigeria and Ghana are siblings from the same family. I for one, would be willing to champion a law that helps to improve the bilateral trade relations and reciprocal legislation between our two countries and in this regard, we would like to explore the possibility of jointly passing what we could potentially call a Nigeria-Ghana Friendship Act - or something in that line, which will help to cement into law the good relations between our countries and also create a legal framework for further camaraderie that will enable us to ensure that, when it comes to Nigeria and Ghana, our laws will support efforts to improve relations, trade and positive and friendly interactions between our citizens, institutions and our governments.

"We do not have an exact title for such a law as at now, but agreeing on reciprocal legislation that cements the friendship between our nations; and ensures that it continues to thrive and benefit all our citizens - no matter where they live - would go a long way in strengthening our relations on all levels," Gbajabiamila said.

Noting that the relationship between Nigeria and Ghana is one of the most important in Africa, Gbajabiamila said 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 us 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.

"While our countries share a constructive and healthy rivalry in several areas - ranging from football to music, food and movie production, amongst others - we know that our healthy rivalry is based more on friendship than enmity and more on healthy competition than destructive confrontation.

"We are friends, we are family, we are one and are determined to remain so, as we continue what our founding fathers started over six decades ago. These reasons, ladies and gentlemen, is why we are here: to deliberate on how we can jointly overcome current challenges and together, build the peaceful and prosperous future we both seek for our countries and our citizens."

He 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.

Gbajabiamila added that: "The escalation of the tensions between our citizens and our nations is nothing for either of our countries to be proud of. And therefore, as I said today at the Nigeria High Commission, it is important that we leaders ensure that our utterances and our actions; and what is reported in our media do not fan the flames of conflict and confrontation, but instead, fuel the possibilities of first de-escalating tensions; finding constructive options for resolution; and working together to effectively implement those solutions, both here in Ghana as well as in Nigeria."

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

“The incidence that has occurred where some shops were locked up must have risen out of situations where there were clear abuses of the application of the laws.

“I was happy that the Nigerian Speaker of the House of Representatives mentioned that if they are doing legitimate business, please allow them as brothers and sisters to continue to do so. I want to give you that assurance that that will be the case. Anybody engaged in business, trading, doing the rightful things, they must have no difficulties.

“Even in cases where we found that in some instances where the laws were not being followed, I, in my capacity as the Minister of Trade, had ordered that they shut the office and those who are being seen as offending the law be given an opportunity to regularize their documentation.

“I say this, being the Minister of Trade and Industry, this is not something that is new, I have always since the time I’ve been a Minister found a way of going along, so that those who needed to regularize their businesses would do so.

“Also as indicated by the Speaker, that it will be a desire to see whether certain aspects of the law could be looked at, I’m sure the Speaker will look at that request and appropriate Committees would be engaged on the subject

“As long as the laws remain on our statute books, I will like to request that, you send a strong signal to our brothers and sisters who are engaged in retail trading that at least for now until further considerations are made on our statute books, they should just respect the law because Ghanaian traders themselves are required to respect the laws of our country. And in that sense, it will be discriminatory for us to require Ghanaians to respect the same laws in our statute books and not require foreigners to do so."

Arising from the meeting, which lasted into the night on Wednesday, a communique would be issued.

Signed:
Lanre Lasisi, Special Adviser on Media and Publicity to the Speaker, House of Representatives, Federal Republic of Nigeria.
https://www.tvcnews.tv/ill-champion-law-to-improve-nigeria-ghana-trade-relations-speaker/

5 Likes 1 Share

Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by Brio984(m): 4:48pm On Sep 03, 2020
First time to hit FTC.... I dedicate this space to all legit hustlers world wide and also to all Corp members that passed out this year most especially batch A God nor go shame us

8 Likes

Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by abramelin11: 4:48pm On Sep 03, 2020
Nice or they'll face another round of Ghana must go loading angry and this time we will not even make bag for them, they'll pack their things inside poly bag

Learn project/research analysis with SPSS & Eviews via zoom/whatsapp, for just N5k. Chat/call:> +234 814 565 8405

15 Likes

Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by YoungLionken(m): 4:48pm On Sep 03, 2020
We have numerous intelligent Minds in Nigeria and yet, being governed by an illiterate..

Imagine Osinbajo, Gbajabiamila, Sanusi Obayangbon, Obiano and their likes.

Pathetic it is...

32 Likes 4 Shares

Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by Thankgod2020: 4:49pm On Sep 03, 2020
This is a welcome development sir.

Get a custom built website for seven thousand naira only. This covers cost of domain, hosting and business emails.
Send a what's app message to 0907,897 9,110.

1 Like

Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by Deborah98(f): 4:49pm On Sep 03, 2020
Okay
Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by gunners160(m): 4:49pm On Sep 03, 2020
whenever I c people attack Ghanian govt for treating Nigerians as trash, I just look at them with one kind bad eyes.
Are Ghanaians the reasons for our own problem? Hell No? When our govt treats us like trash and we all act as if it does not matter how will some one else outside respects us.
imagine petrol was increase three times under this corona period were it is difficult to get 3 square meal; thesame thing with NEPA and exchange rate.
Abegi jor make our leaders kip shut

34 Likes 4 Shares

Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by captianfreeman(m): 4:49pm On Sep 03, 2020
Gbajabiamila should come back home and work on passing quality laws that will protect the interest of Nigerians in Nigeria.

The Ghanian Parliamentarians are merely doing their job. Protecting the interest of the citizens is the primary responsibility of any responsible government.

20 Likes 2 Shares

Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by Chujor1634(m): 4:50pm On Sep 03, 2020
Please who was able to read the story?. gather here please[b][/b]
Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by Coronavirus84: 4:50pm On Sep 03, 2020
Ghanian government is taxing her non citizen higher so that it will discourage them paying such amount of money and they will likely vacate their country for their citizens to be engaged. God no go shame us my people

12 Likes 2 Shares

Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by cooltola(m): 4:50pm On Sep 03, 2020
nothing is going to happen because this is just for show. Nigerians in Ghana doing trade should prepare for the worst, failure to plan is planning to fail

8 Likes 2 Shares

Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by winkmart: 4:50pm On Sep 03, 2020
repair your country, fools

How many South Africans do you see leavin thier country in search of greener pastures, very few

But here, everyone wanna leave because tasting luxury is almost an impossibility for the lower class in this conTREE

16 Likes 2 Shares

Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by ecolime(m): 4:51pm On Sep 03, 2020
Ghana should revisit their law but you guys keep making laws that brings hardship for the populace here at home. Isn't this hypocrisy?

We are being taxed to death but the rubber stamp legislature sees nothing wrong with it. Wicked souls!

16 Likes 2 Shares

Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by flexd99(m): 4:51pm On Sep 03, 2020
Commendable

BTW,
Selling cheap!!
Dell studio 1555
500gb
4gb RAM
2gb total graphics memory
55k only!
Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by Nobody: 4:51pm On Sep 03, 2020
How can a Nigerian tell Ghanaian how to rule their country .

It is their laws.

If those guys dont like it there, they should move back to naija

9 Likes

Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by jayjaycee0: 4:52pm On Sep 03, 2020
abramelin11:
Nice or they'll face another round of Ghana must go loading angry and this time we will not even make bag for them, they'll pack their things inside poly bag

When was the last time you saw a Ghanaian littering the streets of Nigeria. You shut your borders on them. killing their own SMEs as most depend on Nigeria market to break even, they increased their capital base for business start up, you re here shouting brotherliness... Gbaja head is not correct. Be the first brother by opening up your borders

www.nairaland.com/attachments/12262763_12129508screenshot202001091239442jpeg6013487c95f5b4fed2544bbbaa7ee987_jpeg59b74f4419b512935e495bb5a3ebd7bd

15 Likes 1 Share

Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by Elsueno: 4:52pm On Sep 03, 2020
That's why I like trump some times, very selfish leader who oy care about himself first then his people unlike Nigerian leaders who only care about themselves first, their interest second, them themselves again.

But it's not thier fault, even the whole president of Nigeria is shock at the rate of insecurity, poverty and inflation in the country he governs.

If you can survive Nigeria, I BET, YOU CAN SUCCED ANYWHERE ELSE IN THE WORLD

2 Likes 2 Shares

Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by Olukat(m): 4:53pm On Sep 03, 2020
That's a reckless statement from the parliamentary rubber stamp grin grin
Any comments as regards, fuel, electricity tariff, data, tax and DSTV etc increases?
How many Ghanaian still live in Nigeria? Is that bad! shocked shocked shocked

2 Likes

Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by cassyrooy(m): 4:54pm On Sep 03, 2020
Very good plea. I hope Ghanaian authority respond well enough. The world needs every body whether Nigerians, Nigeriens, Somalis or Ivorian.

4 Likes

Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by KINGwax007(m): 4:54pm On Sep 03, 2020
YoungLionken:
We have numerous intelligent Minds in Nigeria and yet, being governed by an illiterate..

Imagine Osinbajo, Gbajabiamila, Sanusi Obayangbon, Obiano and their likes.

Pathetic it is...
shio. It shows you're so intelligent. Even and intelligent president in limited in his area of specializatio and would need specialized hands in other arms. Albeit the fact that Buhari is more intelligent than you are because he has knowledge of the military strategies. Calling him unintelligent is a show of unintelligence in your part because all you recognise as intelligence is the academic certificate. What about specialist? What about professional in other fields? He is a military professional, he doesn't have to be in school except the military schools.

4 Likes

Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by SouthNigerian: 4:54pm On Sep 03, 2020
ecolime:
Ghana should revisit their law but you guys keep making laws that brings hardship for the populace here at home
Seconded

2 Likes

Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by NgwalandAbia(m): 4:54pm On Sep 03, 2020
So this lowlife senator think poor Ghanians will listen without some rough play? Nigerian senators are weak azz.

2 Likes

Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by PrudencyFeats: 4:55pm On Sep 03, 2020
Ghanaian government are a joke.

Where in this world would you pay permit of $1 million dollars (465,000,000) N465 million naira to run a shop where your goods is not even up to $1000.

7 Likes 2 Shares

Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by BreconHills(m): 4:57pm On Sep 03, 2020
abramelin11:
Nice or they'll face another round of Ghana must go loading angry and this time we will not even make bag for them, they'll pack their things inside poly bag

We won't do that.

There is no reason to do that. Sovereign laws must be obeyed but laws should not be so onerous as to constitute hostility.

Nigeria and Ghana are bond brothers. We fight and compete but the bond cannot be broken.

4 Likes

Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by kheny12(m): 4:57pm On Sep 03, 2020
1 million US dollar,Ghana government na thief.They want to be rich trough Nigerian traders,Thunder fire them.
Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by delpee(f): 4:58pm On Sep 03, 2020
abramelin11:
Nice or they'll face another round of Ghana must go loading angry and this time we will not even make bag for them, they'll pack their things inside poly bag

They are no longer here in large numbers. We may have a lot more to lose if that happens.

2 Likes

Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by Nwabem: 4:59pm On Sep 03, 2020
Good move.
Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by Olukat(m): 5:00pm On Sep 03, 2020
cassyrooy:
Very good plea. I hope Ghanaian authority respond well enough. The world needs every body whether Nigerians, Nigeriens, Somalis or Ivorian.



Oh really?
Plead with our government to always think through their actions shocked shocked shocked
When this failed government shut borders to others we applaud them!
Re: Gbajabiamila Urges Ghana To Revisit Law On $1 Million Business Capital by Nathphil(m): 5:00pm On Sep 03, 2020
gunners160:
whenever I c people attack Ghanian govt for treating Nigerians as trash, I just look at them with one kind bad eyes.
Are Ghanaians the reasons for our own problem? Hell No? When our govt treats us like trash and we all act as if it does not matter how will some one else outside respects us.
imagine petrol was increase three times under this corona period were it is difficult to get 3 square meal; thesame thing with NEPA and exchange rate.
Abegi jor make our leaders kip shut
Hmmm because Nigeria no good make our brothers that Hussle legitimately in Diaspora suffer. My dear start a protest we will join dont come online and be protesting.

1 Like

(1) (2) (3) (4) (5) (6) (7) (Reply)

Tinubu, Target Of Blasphemous Campaign To Cause Religious War - Campaign Office / Kogi 2023: Pictures From Admiral Usman Jibrin Kogi East Ward To Ward Tour / We Will Write Your Resignation Letter, Nigerians Abroad Tell Saraki

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 49
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.