President Muhammadu Buhari, on Tuesday, October 31, said that
the administration led by the All Progressives Congress (APC) which he
champions has recorded major successes since its emergence in 2015.
Buhari, who was at the APC National Executive Committee (NEC)
meeting, also said he was set to make new appointments including those
of boards.
One of the successes was illustrated in the latest Doing Business
rankings released by the world bank, which rates the ease of doing
business in each country.
According to the latest rankings, Nigeria has moved up 24 places.
Special adviser to the president on media & publicity Femi Adesina
released a statement saying:
“President Muhammadu Buhari welcomes most heartily the phenomenal
improvement of Nigeria on the World Bank’s Doing Business latest
rankings released Tuesday.
“Besides moving up 24 places in the rankings, Nigeria is also
reported by the World Bank to be among the top ten reformers globally.
“The president congratulates 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 encountering unnecessary bureaucratic
bottlenecks.”
President Buhari said: “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.”
According to Adesina, Buhari particularly commends PEBEC chaired by
Vice President Yemi Osinbajo, for a job well done, stressing that he
looks forward to even greater achievements for the nation.
Empirical research funded by the World Bank to justify their work
show that the economic growth impact of improving these regulations is
strong.
Nigeria has always ranked in the lower end when it comes to the ease
of doing business. In 2017, Nigeria was number 169, ranking even below
Sudan.
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