Ease of Doing Business: Nigeria implemented more than 140 reforms in three years, says Osinbajo

Posted by News Express | 5 April 2019 | 919 times

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•VP Osinbajo

Vice President Yemi Osinbajo says the Federal Government has implemented more than 140 reforms on the ease of doing business in the last three years.

Osinbajo stated this during the Second Presidential Enabling Business Environment Council (PEBEC) Awards 2019 held at the State House Banquet Hall on Wednesday in Abuja.

“In the past three years, Nigeria has implemented more than 140 reforms to make doing business in Nigeria easier,” he said.

According to him, some of the successful reforms bordered on the reservation of a business name within four hours, the online registration of a company within 24 hours, the application for and receipt of an approval of a visa-on-arrival electronically within 48 hours.

Others included the online filing and payment of taxes and the access to specialised small claims commercial courts in Lagos and Kano states.

Osinbajo, who also chairs the National Economic Council, noted that he was delighted to celebrate the phenomenal successes of the PEBEC reforms and recognition of those who made it all possible.

Citing a 2018 World Bank report that said 32 states in Nigeria had improved their Ease of Doing Business environment, he reiterated the commitment of the current administration to do more.

According to him, the Federal Government will continue to partner with the National Assembly in the passage of bills that will enable businesses to strive.

“We will be pursuing the continued implementation of reforms across all indicators, including the implementation of legislative reforms, specifically the passage of the new Companies and Allied Matters Act and the Omnibus Bills; the expansion of the regulatory reform program which started with NAFDAC and NAICOM; and now to include other regulators; the establishment of a National Trading Platform for ports; and the concession of our major international airports,” he added.

Sourced from a Channels TV report



Source: News Express

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