Buhari pledges to make Nigeria one of best countries for business

Photo credit: The Times UK
Photo credit: The Times UK

Nigeria will be one of the most attractive and easiest places of doing business in the world by 2019, President Muhammadu Buhari said on Sunday in Nairobi, Kenya.

Speaking at a plenary session on “Dialogue with the Private Sector” at the sixth Tokyo International Conference for African Development (TICAD VI), 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.

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  • emmanuel kalu

    Does any one vet this president statement before he makes it. There are some developed economies that have being working on this for decades and they are still not the best place for business. How does this president plan on doing this within a year or two? Good place for business doesn’t only mean removing red tape. it means making it easier for investor to come in, for investment to grow, for business to be transacted, level playing field, rule of law, etc.

  • thusspokez

    Buhari pledges to make Nigeria one of best countries for business

    Yeah right, we remember the following in March 2015:

    “I’ll make Naira equal in value to dollar, says Buhari