Nigerian Government to provide good business environment

Timothy Choji, Abuja

Nigeria’s Minister of Industry Trade and Investment, Dr Okechukwu Enelamah says government intends to provide a good business environment, which he said is essential for the country’s prosperity.

According to him, the aim is to boost the country’s economy as well as improve its business ranking globally.

The Industry, Trade and Investment Minister said in view of the current economic realities, Nigeria must look inward for solution.

“A strong and a favourable business environment is critical and essential for a country’s prosperity. In other words, you need the enabling environment to attract investment and this is usually the engine for growth and poverty reduction, something that is very dear to our hearts right now,” he said.

The trade Minister said the President Mohammadu Buhari led administration has the political will and commitment to ameliorate the bad situation it inherited.

He said the country now has the political will to correct the anomalies and move the country forward.

“It’s only those with the political will that can make the difference and I believe that under the leadership of President Mohammadu Buhari we now have the political will. Incidentally, it points out that a lot of things will have to be done. Some of them require capital but a lot of them will just have to do with the political will and commitment. As a government and as a nation, we just have to do the basic things in order to succeed,” The Minister explained.

Monitoring Mechanism

Dr Enelamah said hope was not lost yet because government will create an enabling environment that will guarantee the ease of doing business, take the right measures and introduce a strong monitoring mechanism that will ensure that the right things were done by all stakeholders.

“Once we have put the necessary measure in place, the next thing is just to begin to monitor them. All these will take quite some time but we believe that the moment we get started, we will make progress,” he stressed.

Global Ranking

Dr Enelamah stated government’s resolve to improve the country’s ranking on the global business index.

“Right now we are ranked 169 by the World Bank, out of 189 and we will like to see ourselves ranked among the top 100, later, progressing to top 50 and even top 20,” Dr Enelamah said.

The business forum tagged “the ease of doing business” brought together a Nigerian economic team led by Vice President Yemi Osinbajo and a fifty eight man trade delegation from the US, led by the US Secretary of Commerce, Penny Pritzker.