The World Bank has rated Nigeria 145th in the world for ”ease of doing business” moving up 24 places, and as one of the top 10 improved economies in the world. The rating was made public on Monday.
Vice-President Yemi Osinbajo has expressed delight over the achievement. He congratulated all stakeholders who worked with the Federal Government to achieve what he described as “significant result.”
Osinbajo’s position was contained in a statement made available to journalists by his Senior Special Assistant on Media and Publicity, Mr. Laolu Akande on Tuesday.
He said, “I welcome Nigeria’s improved performance. We are one of the top 10 reforming economies in the world in 2017. After a decade-long decline in Nigeria’s rankings, last year, the government recorded a modest increase.
“This year, Mr. President set us an ambitious target of moving up 20 places in the ranking – I am delighted that we have exceeded his goal.
“Improving the business environment is at the heart of the Buhari administration’s reform agenda. We are reinforcing our economic turnaround by a vigorous and active implementation of the Economic Recovery and Growth Plan so businesses operating in Nigeria can thrive and be competitive globally.
“For the first time, coordinated efforts across various levels of governments have been undertaken to make it easier to do business in Nigeria.
“I commend all stakeholders who worked with us to achieve this significant result, particularly the National Assembly, Lagos and Kano state governments, and the private sector.”
Osinbajo said the present administration would continue to ensure that SMEs operating in Nigeria find it easier to do business.
He said the government’s ultimate success would be the testimonials received from businesses across the country.