A recent bill presented in the House of Representatives seeks to amend the Constitution of the Federal Republic of Nigeria, 1999 to introduce citizenship by investment as a new form of citizenship in the country. The bill aims to grant Nigerian citizenship to foreign investors who meet specific investment criteria, with the goal of attracting foreign direct investment into the Nigerian economy.
The proposed legislation, sponsored by Deputy Speaker Benjamin Kalu and other lawmakers, includes additional bills such as one that guarantees indigene status to individuals based on birth, residency, or marriage for a minimum of ten years. Another bill under consideration involves reviewing the penalties for certain capital offenses to align with international standards of justice and human rights.
Furthermore, there is a bill seeking to establish the Office of the Accountant-General of the Federation and the Office of the Accountant-General of the Federal Government, with provisions for the term of office and renewal conditions for the Accountant-General of the Federal Government. These proposed changes aim to enhance accountability and governance within the Nigerian government.