Osinbajo reaffirms Nigeria’s commitment to ease of doing business

Vice President Yemi Osinbajo on Thursday reaffirmed the Federal Government’s readiness to create a business atmosphere favourable to all investors in the country.

Osinbajo, who stated this at the official commissioning of Chartered Institute of Bankers building in Abuja, noted that the government was ready to deepen economic advancement in the country.

He said: “With population constituting the largest market on the continent, a swelling demography of ambitious, tech-savvy young people, accelerating regional integration and connection to new markets, we are presented with an unprecedented opportunity to launch the country into a new decade of sustained prosperity.

“We also understand that the realization of our country’s potential, at this crucial moment, will require the careful choreography of government policies that remove every impediment in the way of those determined to pursue their dreams and build businesses.

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“This is why in the past six years we have aggressively pursued, under the Presidential Enabling Business Environment Council (PEBEC), the creation of an environment that allows Nigerian businesses, at every level, operate without the bottlenecks and drawbacks that have come to characterize their interface with agencies and regulators.

“Building on the progress of these reforms and aggregating lessons from some of the setbacks in its implementation, we doubled down on PEBEC on the 7th of February with the 7th 60-day National Action Plan (NAP 7.0) on the Ease of Doing Business, which is programmed to run until the 7th of April 2022.

“We will consolidate on the achievements in removal of regulatory constraints around agro-exports, driving electronic filing of taxes and working closely with the States to make their own business environments friendlier.”

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