₦airaland Forum

Venom236:
**Named Global Top-10 Improver For The Second Time In Three Years



The World Bank’s 2020 Doing Business Index (DBI) has ranked Nigeria 131 out of 190 countries, up 15 places from 146 position last year. The report, which was released on October 24, 2019 also named Nigeria one of the top 10 most improved economies in the world for the second time in three years. Nigeria is one of only two African countries to make this highly prestigious list. With this year’s leap, Nigeria has improved an aggregate of 39 places in the World Bank Doing Business index since 2016.



The Doing Business Index is an annual ranking that objectively assesses prevailing business climate conditions across 190 countries based on 10 ease of doing business indicators. The index captures ease of doing business reforms that have been validated by the private sector, and offers comparative insights based on private sector validation in the two largest commercial cities in countries with a population higher than 100 million. The report consequently features Lagos and Kano for Nigeria.



While, briefing Mr President on the rankings, the Honourable Minister of Industry, Trade and Investment and Vice Chair of the PEBEC, Otunba Niyi Adebayo stated that, “The steady improvement in Nigeria’s ease of doing business score and rank is a testament to the reforms implemented by this Administration over the past four years in line with the reform agenda being implemented at national and sub-national levels across the country since the establishment of the Presidential Enabling Business Environment Council (PEBEC) by President Muhammadu Buhari in July, 2016. The PEBEC works towards the fulfillment of the projections of the Economic Recovery and Growth Plan (ERGP 2017-2020), which is striving to deliver sustainable economic growth in Nigeria by restoring growth, investing in our people, and building a competitive economy as we work towards delivering Mr President’s mandate of bringing 100 million people out of poverty. The 2020 Doing Business report from the World Bank has reaffirmed the commitment of the newly constituted PEBEC to making Nigeria a progressively easier place to do business and removing the bureaucratic constraints to doing business in the country as we forge ahead in this Next Level.”



The Presidential Enabling Business Environment Council, chaired by His Excellency the Vice President, with 13 honourable ministers as members amongst others, has through the Enabling Business Environment Secretariat collaborated with ministries, departments and agencies (MDAs), the National Assembly, the Judiciary, State governments and the private sector to carry out over 140 reforms so far in a bid to remove bureaucratic constraints to doing business in Nigeria and make the country a progressively easier place to start and grow a business.



The report acknowledges reforms spearheaded by the PEBEC in the areas of operationalising a new electronic platform that integrates the tax authority and the Corporate Affairs Commission (CAC). It also acknowledges reforms carried out in some of the World Bank Doing Business indicator areas such as starting a business, registering property, getting construction permits, getting electricity, enforcing contracts, and trading across borders.



“The CAC upgraded its name reservation platform and, in Kano, there is now an electronic platform for registering business premises online, eliminating the need to appear in person. In Lagos, land administration was made more transparent following the digitisation of cadastral plans in a geographic information system; digital copies of cadastral plans are now easily obtainable. Nigeria also made getting electricity easier by allowing certified engineers to conduct inspections for new connections. Initiatives also made commercial litigation of smaller cases more efficient. The Chief Judges in Lagos and Kano issued practice directions for small claims courts introducing pre-trial conferences and limit adjournments. Finally, customs integrated more agencies into its electronic data interchange system, and port authorities launched an e-payment system, speeding up both exports and imports.”



Welcoming the announcement, the Special Adviser to the President on Ease of Doing Business, Dr Jumoke Oduwole, noted that “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, who have implemented the most reforms this year, is significant because we weren’t 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 private sector remains the fulcrum of the ease of doing business interventions. We are committed to more engagement between reform-implementing organs of government and the private sector players and we are happy to see that this has resulted in a more favourable validation of the reforms by the private sector. This result will serve as encouragement to sustain the deepening of these reforms and make it even more tangible for businesses and the citizenry. The PEBEC is focused on delivering even more substantive reforms for the improvement of the general business climate.” she further stated.



Over the past four years, Nigeria’s score has steadily improved in the World Bank Doing Business Report, after years of decline in both score and ranking in the years preceding 2016. It will be recalled that in 2017, Nigeria moved up by an unprecedented 24 places on the Doing Business rankings, and was for the first time ever, recognised as one of the top 10 reformers in the area of doing business that year.



With the impending ratification of the Companies and Allied Matters Bill and the introduction of the Business Facilitation (Omnibus) Bill, 2019 in view, along with other pending and ongoing regulatory, judicial and sub-national reforms, Nigeria is poised to meet its goal of being a top 100 ranked economy by 2020. The announcement indicates that our mandate to move into the top 70 doing business destinations by 2023 remains achievable.



Signed:

Dr Jumoke Oduwole

Special Adviser to the President, Ease of Doing Business

Secretary, PEBEC

24th October, 2019

ijustdey:
• Stakeholders Express Worry, Task Govt On Ports’ Efficiency

• Fear Grip Importers Over Imminent Delay Of Cargoes

• More Vehicles Imported Through Seaports





https://m.guardian.ng/news/border-closure-may-worsen-ports-congestion/


Lalasticlala

Scandinavian02:
Closing border to stop smuggling of goods you don't produce at home is stupidity.

Charging high tariff on all goods you don't produce or have alternative for is extended stupidity.

Having interest rate as high as 35% and then expecting people to establish factories is insanity.

Paying 12% or more interest on treasury bills and then expecting people to establish factories is insanity multiply by insanity.

Why should I invest my 1 billion Naira in agricultural sector when I can get 120 million profits on it by just fixing it in the bank for few months?
Why should I create job when i can get 15% profit with a mere phone call or 100% from forex trade?

Increasing tax, introducing toll, taxing cash deposit and withdrawal are directly opposite of incentive to produce.

Who will invest his hard earn money in a country where government don't obey her own rules and court orders

If you wake up today and still think Nigeria is on her path to greatness, you are probably sick or mentally not ok.

Olivegreen:
You're missing the point!!!
Being gay is not just about gay sex just as love is not just about sex.
You just quote the Bible from beginning to end but you can't interprete it with wisdom.
I don't care how you have sex with your wife or husband ( by the way are you male or female?) To me, as long as you both love each other, you both can use whatever positions or methods to give yourselves pleasure during sex.

Some people just like acting blind and intentionally ignore the main point of certain issues. Sex is not the main point of the lgbtq+ community. The main point is that love is love regardless of one's gender. We fall in love with other people's souls and not their body.
My body was given to me so it should not define me but my soul is who I am therefore, it defines me.
If my soul loves the soul of another female then how is that wrong? I love her personality and not just her body.

Please let us stop this unreasonable spread of hate and intolerance.

Love is love.

TundeBricklayer:
Innoson only indigenous vehicle Manufacturing firm

eternityk:
These people have inferiority complex
Compare that pangolo with this

ubox:
Some parts of Uyo, minimum of 20hrs in a day, haven't bought diesel in a month now cos of the constant light.

MrStan11:
Whether the boy was forgotten or not, Nigeria as a country can change your destiny.
Happy for the young man that God used his parents to make him escape this shithole.

Pmtvng:
Watch the Full video of Regina Daniels slapping her Mother, got people talking ==> HERE

See reactions

grandiose4ever:
They shouldn't have splitted the school fees by nationality.

EtovalAutomobil:
Really I don't think anyone want to borrow and not pay but sometimes things happens that are beyond control.

EtovalAutomobil:
Mrs Aishah Ahmad though my female candidate and Oga Godwin Emefiele my male Candidate for the CBN job should realize that Nigerians are one of the smartest people in the world.They would either ship their deposits out of the country or find a pseudo account that is not link to them to operate.The real bone of contention is the interest rate,how can you be charging customers 28% interest rate when they borrow and be given them 3% when they save ,does that really make sense...the interest rate is too high jare.

Justbeingreal:


This country sha.

People go de insult runs girls fucking codedly but be supporting and gifting millions to people locked in a live show fucking eating and playing.

Lots of hustling peeps out there that need sponsorship yet nothing but u wanna sign her.

That's how Miracle n Nina was getting gift from former IMO state governor and his wife.


Wow.

AbuAeesha:
can someone please tell me the economic importance of this program?

Debaiz:
Hate him or love him that unity and promotion of local content is the handwork of OBJ.

I remember back then when he(through NBC) banned foreign musics and movies from Nigerian airwaves. B.C.O.S Ibadan used to show Indian films on Friday, Chinese films on Wednesday and American films on other days. They all stopped and were forced to show Nigerian films. AIT started showing English(Igbo) films. Then we also started hearing the likes of Olu maintain, Hedris abdulkarim, tony tetuila, plantation Boiz, tony one week etc.

He didn’t stop at that he encouraged comedians like Alibaba and the likes by constantly having a comedy slot on FGs public programs. These actions gave rise to Nigerian entertainment industry but the music industry exploded far more than anyone could’ve imagined given the advancement of the US music industry then.

The idea may not be his(originally) but kudos to him for the courage to implement it and follow through.

I can’t help but to bring the other things he banned that we are now enjoying massive local production.

Cement importation was banned.
Dangote, BUA Group and Larfarge took advantage of it and became what they are today. Today, we not only export cements, but we export cement companies as a whole(dangote cement company). Jobs for Nigerians and savings on forex. Higher foreign deposit. Stable currency.

Importation of vegetable oil was banned
Now we have mamador, Sunola, Grand oil, Power oil, Devon kings oil etc produced locally. Jobs for Nigerians and savings on forex. Higher foreign deposit. Stable currency.

Importation of Poultry products were banned
Now we have Zartech, Tuns, Obasanjo farm, Ajanla farm and scores of businesses in either small scales or large scale. Jobs for Nigerians and savings on forex. Higher foreign deposit. Stable currency.

Pasta was banned which gave dangote and flourmill the opportunity to produce spaghetti locally. When last did anyone saw a foreign produced spaghetti in any Nigerian shop.

Same goes for noodles. We now have dangote noodles, Indomie noodles etc produced locally.

Obasanjo went as far as arresting shop owners and supermarkets that still displays and sells those banned products then. A lot of people went bankrupt through poultry products seized and destroyed. Today we are the ones enjoying the long term effect.

PMB came in he banned importation of rice. Today we are the largest producers of rice in Africa. We are also the largest importer of rice in Africa. Meaning we are not yet there but we will get there.

Again they have restricted access to forex for milk importation, enemies of progress have started antagonizing it.

If you know what is good for you as a Nigerian, start your own RUGA on that your family land. That 2million you want to blow on a wedding that may crash after two months, go and buy 10cows and let them start producing 100liters of milk each per day. That’s a total of 1000liters of milk per day, 30,000liters per month and 360,000liters in a year. Get a company to sell them to and start expanding.

If you have N2million you’re not using come and borrow me o. I have RUGA to start in my fathers compound.

If you know what is good for you as a Nigerian, start your own RUGA on that your family land. That 2million you want to blow on a wedding that may crash after two months, go and buy 10cows and let them start producing 100liters of milk each per day. That’s a total of 1000liters of milk per day, 30,000liters per month and 360,000liters in a year. Get a company to sell them to and start expanding.

IkpuMmadu:
So we don't have igbi in Rivers State ...so is Chibuike Amaechi a Latin name...is Nyesom Wike a Greek name or is Amadi a Latin name

Stupidity everywhere...sometimes I think something is wro g with some of you guys ...in PH igbo (Ikwere and obigbo ) is the lingua there

Do you even know the meaning of obigbo ? It means heart of Igbo and it's in Rivers State


Your such a big full.... That akwa ibom and cross river bears the same name, understood each other could that justify that a crosiverian is and akwa ibomite.?
Your such a stupid, big fat idiot

You need that sniper.. Is it still #500

Snipper is still cheap....just ₦500 do the needful

TruthinAction:
You did not answer my question. Most students who score above 300 and have As in their O levels mostly attend federal universities. It is those who score under 200 that go to private universities.

Coitus:
The educational system is designed to keep Nigerians dosile. The people need to be woken.

TruthinAction:
I think it's time to have a uniform final examination on all courses offered by university. Or better still, one extra year where graduates from different universities can come together to sit for the same examination.

The manner and ways first class is rolling out from some of these private universities is questionable. I don't think most of our Federal universities like UNN, ABU, UNILAG etc which admits the best brains turn out these numbers of first class. Please, correct me if I am wrong.

The majority that attends private universities in Nigeria are those who could not meet up with cut off points but they have money to enter any private university.

Infinityk:
Didn't they teach u English in primary one
Ikpummadu ikpumumu
I said technically
The guy doesn't even associate himself with anything Igbo
His hero is fela
If a Ghanian listens to his songs they would think he is yoruba ,I won't lie,I used to think he was Yoruba
He is just Igbo by tribe
I doubt he even knows any Igbo words than popular Igbo slangs
Lol
u see him calling a whole Igbo tribe that he belongs to Easterners,and u think he considers himself Igbo?
Note: I'm not saying Burna boy is Yoruba
I'm just stating facts

Jeromejnr:
Japanese are very respectful, clean and productive everywhere they go so it's no wonder.

Nigerians are the opposite.

The nature and mindset of the average Nigerian can be very appalling.

femodfemo:
ATK - AVIATION TURBINE KEROSENE

KingsleyBuubba:
Don't be in a hurry to count us out

Nmahgood:
Good evening nairalanders.

I want to start up an agent banking business, how much will it cost me and what are the requirements?



Thanks in advance.

idrisdm:
hmmm

KingOdart:
We should start patronizing our own local goods instead of importing everything

kaen1317:
All I know is that Nigeria is big for nothing. Countries that are least endowed compared to us are doing better and have become better than us. What natural resource does Japan and Dubai have and yet we can't see their brake light.

purpleicious:
Is she a Calabarian.

tunjijones:
Those two guys above me shd jst shut the hell up. U guys are disgracing urselves.

There was no where in the new testament that talked about paying tithe and yet these pastors wld keep saying if you dnt pay tithe u wld go to hell. Well I still don't understand dis. But pastors won't mention the part that says women shd not preach in church... This passage is even in new testament o...