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Government Approves $750m World Bank-backed business reform

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The National Economic Council (NEC) has approved a $750m World Bank-backed State Action on Business Enabling Reforms (SABER)

The Secretary of Presidential Enabling Business Environment Council , Dr. Jumoke Oduwole, who disclosed this, yesterday, said the $750 million financing amounts to 36 per cent of the $2 billion government SABER programme , which represents the aggregate recurrent expenditure of key Ministries, Departments and Agencies at the federal and state levels across the country.

She added that the initiative would give expression to the Ease of Doing Business mandate articulated in the Economic Recovery and Growth Plan , which was subsequently retained in the National Development Plan , aimed at generating 21 million full-time jobs and lifting 35 million people out of poverty by 2025.

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