President Muhammadu Buhari has commended the progress recorded by Nigeria on the latest World Bank’s 2020 Ease of Doing Business Index (DBI). The President reacted in a statement on Thursday by his Special Adviser on Media and Publicity, Mr Femi Adesina, following the announcement that Nigeria moved up by 15 spots from the 146th position it was last year.
The report also noted that Nigeria was one of the top 10 most improved economies in the world under the period of review. Welcoming the announcement, President Buhari said, “The movement of 15 places to 131, as well as the recognition being given to Nigeria as one of the top 10 most improved countries, that have implemented the most reforms this year, is significant because we were not even able to achieve some of the key reforms we had pursued, but what we have done so far is being recognised. “This validation confirms that our strategy is working and we will continue to push even harder to deliver more impactful reforms.”
The President noted the impending ratification of the Companies and Allied Matters Bill and the introduction of the Business Facilitation (Omnibus) Bill, 2019, which he said were in view along with other pending and ongoing regulatory, judicial and sub-national reforms. He added, “The announcement by the World Bank indicates that our mandate to move into the top 70 doing business destinations by 2023 remains achievable.”