The federal government has said via the Presidential Enabling Business Environment Council , it has implemented over 150 reforms, moving Nigeria up 39 places on the World Bank Doing Business Index since 2016.
The minister of Information and Culture, Alhaji Lai Mohammed, who disclosed this during a visit to the IshK Tolaram Foundation in Lagos on Monday, said the reforms were also responsible for Nigeria being twice named as one of the top 10 most improved economies in the world over the last three years – one of only two African countries to make this highly-prestigious list in 2019.
Mohammed said as a result of the reforms, the 2018 Subnational Doing Business report on Nigeria recorded unprecedented improvement, and the World Economic Forum , in its 2018 Global Competitive Report, recognized Nigeria’s business environment as one of the mostcompetitiveness in the enabling business environment.
“The Creation of a National Collateral Registry of movable assets by the Central Bank of Nigeria, with the support of the International Financial Corporation , in May 2016 ensures that functional equivalents of collaterals can be registered. To date, over N1 trillion assets have been uploaded on the Registry,” he said.
Yet companies are either leaving the country or choked out of business with unbearable multiple taxes and high operating expenses.
Ah welcome back sir. Been a while
You see Ehn I’m just doing countdown … if you like say you have dragged 200m Nigerians out of poverty