The Vice President Yemi Osinbajo has said the Buhari administration’s business reforms, through the Presidential Enabling Business Environment Council (PEBEC), is an opportunity to significantly boost local and foreign investments in the country.
Prof. Osinbajo spoke yesterday at a virtual meeting of the PEBEC to review the state of the reforms across a number of government agencies, noting that the Federal Government will continue to take the opportunity and ensure that more results are recorded.
He stated that as a result of the work of PEBEC, the World Bank has praised the economic direction of the Buhari administration and ranked the country higher in its annual Ease of Doing Business Rankings.
According to Osinbajo, “this is a country with so much promise, this is a country that has so much resources and our administration has every opportunity to do something profound about investments in Nigeria.
“We must focus on how to get our business environment working.”
Earlier in his presentation, the Minister of Industry, Trade and Investment, Otunba Niyi Adebayo expressed optimism that the challenges observed in sustaining the successes recorded in the reforms will be addressed.
On his part, the Minister of the Federal Capital Territory (FCT), Alhaji Mohammed Bello, said sustaining the PEBEC reforms is a priority for Nigeria as the country would not have risen in the Ease of Doing Business rankings if not for PEBEC.
The Special Adviser to the President on Ease of Doing Business, Dr. Jumoke Oduwole, said the Enabling Business Environment Secretariat (EBES) will continue to drive the mandate of PEBEC through extensive collaborations.