Economy: Buhari, Osinbajo laud W/Bank ranking of Nigeria


President Muhammadu Buhari and Vice President Yemi Osinbajo have welcomed most heartily what he called the phenomenal improvement of Nigeria on the World Bank’s Doing Business latest rankings.

Besides moving up 24 places in the rankings, Nigeria was equally reported by the World Bank to be among the Top Ten Reformers globally.

Buhari, in a statement by his spokesman Mr Femi Adesina, congratulated all Nigerians on this ‘very significant step forward which symbolizes the real success achieved by the Presidential Enabling Business Environment Council, (PEBEC), the National Assembly and state governments in making it easy for people to register their businesses speedily, obtain licenses and approvals from government agencies without unnecessary bureaucratic bottlenecks.

“It also reflects our efforts to make it easy for foreign business visitors to obtain visa on arrival, pass through our airports and do their businesses with ease and speed.”

Buhari particularly commended the PEDEC chaired by Osinbajo for a job well done, stressing that he looked forward to even greater achievements for the nation.

Osinbajo, in a statement by his spokesman Laolu Akande, congratulated all stakeholders who worked with the Federal Government to achieve what he described as “ significant result.”

He said: “I welcome Nigeria ’s improved performance. We are one of the top 10 reforming economies in the world in 2017 . After a decade -long decline in Nigeria’ s rankings, last year, the government recorded a modest increase. This year, Mr. President set us an ambitious target of moving up 20 places in the ranking – I am delighted that we have exceeded his goal.

“Improving the business environment is at the heart of the Buhari administration ’s reform agenda . We are reinforcing our economic turnaround by a vigorous and active implementation of the Economic Recovery and Growth Plan so businesses operating in Nigeria can thrive and be competitive globally. For the first time, coordinated efforts across various levels of governments have been undertaken to make it easier to do business in Nigeria.” (Daily Trust)



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