The Federal Government has said the Presidential implementation of over 150 Enabling Business Environment Council, PEBEC, reforms was responsible for moving Nigeria up 39 places on the World Bank Doing Business Index since 2016.

It also said the implementation made it possible for Nigeria, being twice named as one of the top 10 most improved economies in the world over the last three years, to be one of only two African countries to make this highly-prestigious list in 2019.

The Minister of Information and Culture, Alhaji Lai Mohammed, who disclosed this during a visit to the IshK Tolaram Foundation in Lagos, yesterday, said: “To understand the significance of Nigeria moving up in the World Bank Doing Business Index, we have to recall that between 2007 and 2015, Nigeria lost 64 places in the World Bank ease of doing business ranking.”


He said as a result of the reforms, the 2018 Sub-national Doing Business report on Nigeria recorded unprecedented improvement, adding that the World Economic Forum, WEF, in its 2018 Global Competitive Report, recognised Nigeria’s business environment as one of the most entrepreneurial in the world, and highlighted Nigeria’s improved competitiveness in enabling business environment.

He also said the Companies and Allied Matters Act, 2020, CAMA 2020, signed by President Muhammadu Buhari, Nigeria’s most significant business legislation in three decades, introduced at least 15 new provisions that promoted ease of doing business and reduce regulatory hurdles in Nigeria.

The minister said PEBEC also collaborated with the National Assembly on the Secured Transaction in Movable Asset Act, STMA, 2017 and the Credit Reporting Act, 2017, which provides a legal framework for collateralization of moveable assets with the creation of the National Collateral Registry, while CRA 2017 enhances credit reporting in Nigeria.

“The creation of a National Collateral Registry, NCR, of movable assets by the Central Bank of Nigeria, CBN, with the support of the International Financial Corporation , IFC, in May 2016 ensures that functional equivalents of collaterals can be registered. To date, over N1 trillion assets have been uploaded on the Registry,” he said.

Other reforms listed by the minister include visa on arrival for business people, reduction in the time it takes to register a company at the Corporate Affairs Commission, CAC, through the Company Registration Portal, CRP, from about two weeks to just a few days and the introduction of the electronic filing and payment of federal taxes.

Mohammed commended the IshK Tolaram Foundation for its programmes in Nigeria, especially in the areas of healthcare, entrepreneurial and vocational training, saying the artificial limbs provided free of charge had inspired hope for the beneficiaries.

He said: “I am reliably informed that the Foundation, through its IshK Limb Centres in Lagos and Port Harcourt, and mobile camps, has provided more than 19,000 free prosthetic limbs. 

“I am also aware that 242 students have graduated from the Foundation’s vocational skills training programme, while 157 have started earning their livelihood through jobs and start-ups. This is quite impressive  and I congratulate the IshK Foundation for this feat.’’

The Programme Director of ISHK Foundation, Ms. Neha Mehra, who conducted the minister round the Lagos centre, said the foundation, which is funded with 25 per cent of the profit from the Tolaram Group, was set up as the next step in a 100-year history of philanthropy at Tolaram.

She said the Foundation partners with churches, mosques, hospitals and NGOs to identify and support people requiring artificial limbs free of charge.

Some of the beneficiaries of the Foundation’s activities were on hand to brief the minister on how the quality of their lives had been enhanced by such activities.


https://www.vanguardngr.com/2022/03/how-we-made-nigeria-top-10-most-improved-world-economies-lai-mohammed/

at least he is talking just to earn his pay

may be nigerian is now ranked above USA

Kai Mohammed be merciful
Stop Embarrassing the people that is feeding you

I miss this man

A born liar !

Lemme read it first in case the headline is misleading.

modified
omo, its not misleading o

This pix explain our real situations... Add yours

This man well so ?

I doubt if Lai Mohammed had ever spoken any truth all his life.

Lai just wants to trend this morning

Ok. He's talking about ease of doing business.
The headline is misleading.
But no be who get money dey do business. Your interest rates is 22% man!!

And jesus wept .

Liar Mohammed on the beat as usual. Shameless in all his utterances, lies with reckless abandon and always talking from both sides of his mouth. Where are people like this manufactured from

And what is poverty situation and exchange rate of the naira to dollar as u boast the economy of Nigeria has greatly improved under this satanic, vision less and high level of suffering and inflation experiencing by the masses

majamajic:
I miss this man

A born liar !

Lol.... I wonder where he has been all this while sef.

You can't but laugh any time Alhaji opens his mouth.

Is ok, Yoruba Muslims micreants should take note economy have improved, so no mining of human skulls and selling of human parts in the mosques

The legendary lying machine of the APC government is back with a boom. This man is a confirmed shameless liar. I guess even their high graded mummified zombies will stone him with this bullshit.

Name truly dy follow person

Is it that this man has no single shame in him again or he derives pleasure in lying.

Where are this man's children? Don't they advise this useless man?

Of course you and your colleagues have successfully made Nigeria an ATM machine of the world

Such an idiotic lier! The same Nigeria where most people have sank deeper into poverty?

Let them do a new survey and see if 95% of Nigerians are not currently poor.

Lalasticlala come and see.

The same Nigeria that people cannot afford to feed themselves or is it the one in your silly cap?

This just confirm that these people are living in a separate planet.

lie Mohammed makes more sense when he is not talking

The statement should be how we moved Nigeria to the top ten most impoverished nations.

Ekwuite82:
The statement should be how we moved Nigeria to the top ten most impoverished nations.

True talk!

Even our resident zombies have abandoned the thread!

Baba werey!

Sleepy Grandpa

Nigerians dey get poorer by de day.
Now multichoice don add to our woes.

The Man that lied APC into power! What do you expect?