Journalism of Courage

FG implements 140 reforms to ease business in Nigeria

 

•Targets Nigeria to be among 100 countries by 2020

 

 

The Vice President, Yemi Osinbajo, has disclosed that the Federal Government has implemented no fewer than 140 reforms in the past three years, to ease business in Nigeria.

This is even as five states; Kaduna, Enugu, Lagos, Abia, and Anambra, were named and awarded top most reformed states for ease of doing business in 2018.

Kaduna State improved its score from 55 to 65.97 by making it easier to start a business.

Enugu State improved its score from 47 to 56.82 by making it easier to start a business, register property as well as enforce contracts in the State.

Lagos State improved its score from 48 to 54.90 by making it easier to start a business, register property and obtain construction permits in the State.

Abia State improved its score from 46 to 53.90 by making it easier to start a business and to register property in the State.

Anambra State improved its score from 47 to 53.50 by making it easier to start a business and to register property in the State.

Osinbajo, who made the disclosure at the State House Conference Center, Abuja, at the Presidential Enabling Business Environment Council (PEBEC) Award Dinner, applauded the private sector for their contribution to improve business climate in the country.

He listed some of the successful reforms to include the ability to-reserve a business name within four hours; complete the registration of a company within 24 hours online; apply for and receive approval of a visa-on-arrival electronically within 48hrs, file and pay taxes online; and access specialised small claims commercial courts in Lagos and Kano.

According to Osinbajo, “In the past three years, Nigeria has implemented more than 140 reforms to make doing business in Nigeria easier. The World Bank also reported in 2018 that 32 states of Nigeria improved their Ease of Doing Business environment led by Kaduna, Enugu, Abia, Lagos and Anambra states.

“In 2019, PEBEC set a goal to move Nigeria into the