World Bank’s Ranking On Ease Of Doing Business Excites Buhari

Related stories

Natasha vs Akpabio: Court Orders Senate President To Recall Senator Natasha

Warns Natasha Against inappropriate Conduct By Abiola Olawale The Federal...

Hadi Sirika Denies Defection to ADC Coalition Rumors, Reaffirms Loyalty to Buhari, APC

By Abiola Olawale Former Minister of Aviation, Hadi Sirika, has...

China Snubs U.S. Crude for Third Month, Even as Ethane Trade Restarts

China has avoided buying U.S. crude oil for three...

Super Eagles Icon Peter Rufai Passes Away at 61

By Abiola Olawale The Nigerian football community has been thrown...

Dakuku Peterside’s Beneath the Surface Book Out in October

By Abiola Olawale Masobe Books, a renowned publisher has announced...

At the FEC meeting, President Muhammadu Buhari also lauded members of his cabinet over the World Bank ranking on doing business.

The Minister of Trade and Investment, Okechukwu Enelamah, told reporters that FEC celebrated Tuesday’s ranking of Nigeria in the World Bank Doing Business report which saw Nigeria moving 24 places up from its last ranking on ease of doing business.

Okechukwu said the ranking was significant because it exceeded the target of the Presidential Enabling Business Environment Council (PEBEC), which only sought to move Nigeria 20 places up.

Describing the feat as a turning point for Nigeria in view of the persistent decline in Nigeria’s ranking on ease of doing business in the last 10 years, Enelamah said the ranking showed that the government was moving in the right direction. However, he said what was paramount to FEC would be to see the ranking translate to practical ease of doing business in the country.

He also said FEC commended the National Assembly for passing some bills which enabled owners of small and medium enterprises (SMEs) to obtain loans for their business transactions. He commended states, which partnered with the council in the pursuit.

Enelamah said the National Action Plans One and Two, which were recently launched, were yet another round of reforms being pursued by the government to enhance Nigeria’s business environment.

Also, Minister of Water Resources, Suleiman Adamu said the council approved N40.2bn for the completion of an irrigation dam in Kotangora in Niger State.

He said the project, which had been under execution since 1985, witnessed the upward review of the initial N18bn required to complete the project to N40.2bn after rigorous analyses.

Disclosing that the duration of the project is 36 months, Adamu said the National Irrigation Master Plan launched in 2016 would guarantee the provision of irrigation for 100,000 hectares of land.

Hamilton Nwosa
Hamilton Nwosa
Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories

NDN
Latest News
Natasha vs Akpabio: Court Orders Senate President To Recall Senator NatashaHadi Sirika Denies Defection to ADC Coalition Rumors, Reaffirms Loyalty to Buhari, APCChina Snubs U.S. Crude for Third Month, Even as Ethane Trade RestartsSuper Eagles Icon Peter Rufai Passes Away at 61Dakuku Peterside’s Beneath the Surface Book Out in OctoberOil Prices Dip on Confirmation of Inventory BuildBuhari In Stable Condition - Ex-Aide ConfirmsBREAKING: Ex-President Buhari sick, hospitalised abroad2027: Abure, Usman Clash Over Peter Obi’s Rising Profile in ADC CoalitionMTN’s Dabengwa Tier III Cloud Data Centre: A New Era for West African Tech and AIGanduje: Why are they resigning?OPEC Reports a Global Oil Production Decline in 2024IMF Warns FG to Overhaul 2025 Budget to Prevent Economic Meltdown2027: Peter Obi Vows, Says ADC Coalition 'll prioritize Nigerians’ WelfareTragedy! Liverpool Star Diogo Jota Dies in Car Crash in Spain
X whatsapp