Analysts at Lagos based investment firm, Afrinvest Plc, stated this stressing that attaining higher World Bank’s Ease of Doing Business ranking is insufficient to attracting foreign direct investment .
“This is because a higher EoDB ranking is not sufficient for increased investment. To attract investment, we believe PEBEC and the federal government have to look beyond gains in the ranking as business environment reforms must be complemented by pro-business regulations, accommodative monetary and fiscal policies, and the opening up of sectors to private investment,” they noted.
Afrinvest analysts however noted that the results from the three cycles of actions so far taken have been mixed. “The second 60-day National Action Plan expanded the scope of the reforms to include such areas as selling to government, trade within Nigeria and trading across borders. The reforms achieved a poor success rate of 52 percent.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Ireland Ireland Latest News, Ireland Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
FG unveils 4th national action plan for ease of doing business - Vanguard News NigeriaThe Presidential Enabling Business Environment Council (PEBEC) has commenced the fourth 60-day National Action Plan (NAP 4.0) on Ease of Doing Business (EoDB), in furtherance of the federal government's reforms plan aimed at improving the enabling environment for doing business in Nigeria through systemic interventions. vanguardngr Thugs and extortion. Start with those.
Source: vanguardngrnews - 🏆 5. / 75 Read more »
FG Begins 60-day Action Plan On Ease of Doing BusinessIn line with the commitment to deliver reforms aimed at improving the enabling environment for doing business in Nigeria through systemic interventions, the Presidential Enabling Business Environment Council (PEBEC) has commenced the fourth 60-day National Action Plan (NAP 4.0) on Ease of Doing Business (EoDB). The NAP 4.0, which would run from March 1, to […]
Source: LeadershipNGA - 🏆 4. / 77 Read more »
Is Nigeria’s Compliance Industry Ready for Challenges of Regulatory Technology? - THISDAYLIVEWith banks struggling under higher costs, mergers and acquisitions, more competitive environments, increasing sophistication in the ease of doing business, intelligence, agility and speed to keep up with the evolving technology-based solutions and customer preferences, they are faced with a raft of increasing legislative and regulatory compliance requirements, and managing these is both a necessity …
Source: THISDAY LIVE - 🏆 14. / 51 Read more »