A new government programme is offering millions of dollars in incentives to states that implement reforms aimed at improving the business environment.
The US$750 million, three-year programme targets four key areas for reform: SABER aims to streamline land administration processes, making it easier for businesses to acquire and utilize land. The workshop focused on FRILIA, a key reform advocated by SABER. Dr. Mohammed acknowledged Nigeria’s food production growth, but expressed worries over food security as a persisting challenge.
This includes protecting the rights of communities, employing environmentally sustainable practices, and providing fair compensation for any land acquired. “These have impacted negatively on the cost of doing business, agriculture value chain, livelihood, environment and ultimately, economic development,” Mr. Okauru observed.
Furthermore, seven states have developed Executive Orders mandating FRILIA implementation with the NGF’s support.
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