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How Buhari Opened Up The Economy To Investors - Politics - Nairaland

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How Buhari Opened Up The Economy To Investors by Oluwabash(m): 10:39pm On Oct 15, 2018
Before the coming of the President Muhammadu Buhari-led administration, getting a business registered and starting a business in Nigeria were cumbersome.

Today, to register a business in Nigeria is as simple as ABC. Everything has been made quite simple courtesy of the far reaching reforms introduced by the Buhari administration.

~The Presidential Enabling Business Environment Council (PEBEC) chaired by Vice-President Yemi Osinbajo was set up in July 2016 by President Muhammadu Buhari to remove bureaucratic constraints to doing business in Nigeria and make the country a progressively easier place to start and grow a business.

~After months of diligent work, the Council made business incorporation process basically an online matter - on the CAC’s Company Registration Portal. The need for lawyers, accredited agents and chartered secretaries was made optional, reducing the cost of registration of companies.

~PEBEC also succeeded in getting the National Collateral Registry Bill and the Credit Bureau Services Bill passed into law to make it easier for businesses to get access to credit.

~It also simplified the Visa-On-Arrival process to include e-submission of applications to dedicated desk at Nigeria Immigration Service and also eliminated manual baggage searches at airport.

~Rather than weeks or months, approval for reservation of names and incorporation of companies (if application form is completed and required documents available) became matters that can be concluded within hours.

~The World Bank’s Ease of Doing Business Report for 2018 therefore placed Nigeria in the 145th position. This was 24 positions better than the 169th position the nation was ranked in the 2017 report.

~The World Bank also rated Nigeria to be among the top 10 reformers globally. The Bank was impressed with Nigeria for implementing the most regulatory reforms in the area of getting credit, starting a business, dealing with construction permits and paying taxes.

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Re: How Buhari Opened Up The Economy To Investors by buhariguy(m): 10:49pm On Oct 15, 2018
The jobless aggressive lazy idiotic pigs of bia-fra terrorist will not understand this,

2 Likes

Re: How Buhari Opened Up The Economy To Investors by Atiku4presido: 10:59pm On Oct 15, 2018
BMC nothing can save baba go slow!! Aka the lifeless one aka baba ear infection!!

5 Likes 2 Shares

Re: How Buhari Opened Up The Economy To Investors by HARDDON: 11:04pm On Oct 15, 2018
So dumb!

How does this reduce dollar price? Cut inflation, remove the demarketing of the nation and bring back all the foreign investors he has chased away?
Re: How Buhari Opened Up The Economy To Investors by jumpandpas(m): 11:08pm On Oct 15, 2018
shocked
Re: How Buhari Opened Up The Economy To Investors by Bannylove13: 11:22pm On Oct 15, 2018
Osibanjo idea..not the Dullard..

Credit should be properly given..

Still atikulating...
Re: How Buhari Opened Up The Economy To Investors by forgiveness: 12:11am On Oct 16, 2018
Sai Buhari! grin
Re: How Buhari Opened Up The Economy To Investors by horlabiyi(m): 3:44am On Oct 16, 2018
I wonder why Buharists sweat lot when defending their Lord. If Buhari had perform well then it shouldn't be this hard to sell him to Nigerians but then again his achievements are only in audio version you only get to hear them cos they're not visible or felt by common man.
Re: How Buhari Opened Up The Economy To Investors by Nobody: 4:41am On Oct 16, 2018
And where are the investors?
Re: How Buhari Opened Up The Economy To Investors by Nbote(m): 8:28am On Oct 16, 2018
U ppl are trying so hard to resell Buhari to Nigerians.. Abeg which investors and what sector have d govt successfully attracted investors to? If for anything d govt have successfully chased away investors with its unfavourable style of govt...

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