Nigeria to become one of easiest countries to do business – Buhari

Nigeria to become one of easiest countries to do business – Buhari
August 28 18:27 2016

President Muhammadu Buhari has said Nigeria will be one of the most attractive and easiest places of doing business in the world by 2019.

Speaking at a plenary session on “Dialogue with the Private Sector” at the sixth Tokyo International Conference for African Development (TICAD VI), taking place in Nairobi, Kenya, President Buhari said his administration is implementing policies and measures to create right and enabling environment for business and investors in Nigeria.

Nigeria is currently ranked 169 out of 189 countries by the World Bank, according to the Bank’s 2016 Ease of Doing Business report.

President Buhari told the session attended by several African leaders, Japan Prime Minister Shinzo Abe and international business executives that his administration’s vision and objective is to make Nigeria one of the top investment destinations in the world, within the shortest possible time.

‘‘We believe government has a particular responsibility to create right and attractive environment for businesses and economic activities to thrive.

‘‘In furtherance of this vision, we have launched the Presidential Enabling Environment Council, PEEC and Inter-Ministerial Council to oversee the efforts of government to remove various bottlenecks that stifle businesses and economic activities and thereby create economic activities and the right enabling environment and investment climate in Nigeria.

‘‘The secretariat will include strong private sector representation that would be led by experienced business professionals from the private sector.

‘‘We are committed to moving up the ranking of the World Bank’s ease of doing business index 20 places in first year and be in the top 100 within the next 3 years,’’ the President said.