Nigeria to top investment ranking by 2019 – President Buhari

Ben Adam Shemang

Nigeria will be one of the most attractive and easiest places of doing business in the world by 2019, President Muhammadu Buhari said on Sunday in Nairobi, Kenya.

Speaking at a plenary session on “Dialogue with the Private Sector” at the sixth Tokyo International Conference for African Development, TICAD,  President Buhari said his administration is implementing policies and measures to create right and enabling environment for business and investors in Nigeria.

Nigeria is currently ranked 169 out of 189 countries by the World Bank, according to the Bank’s 2016 Ease of Doing Business report.

President Buhari told the session attended by several African leaders, Japan Prime Minister Shinzo Abe and international business executives that his administration’s vision and objective is to make Nigeria one of the top investment destinations in the world, within the shortest possible time.

‘‘In furtherance of this vision, we have launched the Presidential Enabling Environment Council, PEEC and Inter-Ministerial Council to oversee the efforts of government to remove various bottlenecks that stifle businesses and economic activities and thereby create economic activities and the right enabling environment and investment climate in Nigeria”, he said.

The Nigerian President said, to achieve this, ‘we are committed to moving up the ranking of the World Bank’s ease of doing business index 20 places in first year and be in the top 100 within the next 3 years,’’ the President said.

Similarly, President Muhammadu Buhari assured existing and prospective  foreign investors that their investments in Nigeria will be fully secured and protected.

Speaking at a bilateral meeting with Japanese Prime Minister Shinzo Abe, on the sidelines of the sixth Tokyo International Conference on African Development (TICAD) in Nairobi, Kenya, President Buhari outlined several steps taken by his administration to secure the
country and ease doing business in Nigeria.

He told the Japanese leader that with the defeat of the boko haram terrorists by the military, the attention of government is now focused on stopping the destruction of the country’s economic assets by militants in the Niger Delta region.

He said the militants must dialogue with the Federal government or be dealt with in the same way like boko haram.

On the United Nations Security Council reform, President Buhari agreed to work with Japan for the reforms, stressing that the case for a permanent seat for Africa on the Council was a moral one.

He equally expressed Nigeria’s support for Japan in their bid for a UN resolution on the problems in East China and South China as well as the “uncontrolled nuclear tests by North Korea.”

In his remarks, Prime Minister Abe congratulated President Buhari “for courageously tackling boko haram terrorism.”

He said Nigeria and Japan must work together to improve the investment climate in view of the many Japanese companies wishing to invest in Nigeria.

PM Abe reaffirmed Japan’s commitment to rapid development in Nigeria through quality delivery of ongoing projects in the country, including Jebba hydro power scheme and the Lagos railway project.