The House of Representatives has passed a bill that will allow foreign investors to acquire Nigerian citizenship, a move aimed at attracting more investment into the country.
The bill, which was sponsored by Representative Femi Bamishile, seeks to amend the Constitution to make it easier for foreigners who invest significantly in Nigeria to become citizens. According to lawmakers, this will help boost economic growth by encouraging long-term investments.
Speaking on the bill, Bamishile explained that granting citizenship to investors would increase confidence in Nigeria’s economy. “We need to create an environment where investors feel a sense of belonging and security. This will help drive development and create jobs,” he said.
The bill has generated mixed reactions among Nigerians. Some believe it is a good step to attract investors and stimulate economic growth, while others fear it could be exploited, leading to an influx of foreign nationals at the expense of Nigerians.
Critics argue that Nigeria should focus on improving the ease of doing business rather than offering citizenship as an incentive. Others have raised concerns about national security and the potential for abuse of the system.
The bill now moves to the Senate for further consideration. If approved and signed into law, it will mark a significant change in Nigeria’s approach to foreign investment.
