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

Related stories

Breakdown as FAAC Disburses N1.818 Trillion in June 2025 

• FG Receives Lion share By Abiola Olawale The Federation Account...

2027: Osun Senator, Fadeyi Dumps PDP, Amid Adeleke’s Defection Speculations

By Abiola Olawale Senator Olubiyi Fadeyi, the lawmaker representing Osun...

Ranked: The 40 Countries With the Best Culture and Heritage

Greece is the best country in the world known...

EFCC Probing 18 Sitting Governors in Major Corruption Crackdown, Olukoyede Reveals

Reveals ex-governor Arrested in UK for spraying Money By...

Natasha Vows to Return to Senate Tuesday, Despite Akpabio’s Appeal

By Abiola Olawale Suspended Kogi Central Senator Natasha Akpoti-Uduaghan has...

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
Breakdown as FAAC Disburses N1.818 Trillion in June 2025 2027: Osun Senator, Fadeyi Dumps PDP, Amid Adeleke's Defection SpeculationsRanked: The 40 Countries With the Best Culture and HeritageEFCC Probing 18 Sitting Governors in Major Corruption Crackdown, Olukoyede RevealsNatasha Vows to Return to Senate Tuesday, Despite Akpabio's AppealPresidency, ADC in War of Words Over BuhariPresidency, ADC in War of Words Over Buhari(VIDEO) Gambari Weighs in on Buhari's Legacy, Says History Will Be Kind to Him2027: Osun Senator, Fadeyi Dumps PDP, Amid Adeleke's Defection SpeculationsEFCC Probing 18 Sitting Governors in Major Corruption Crackdown, Olukoyede RevealsDrama as Okpebholo Tells Peter Obi: Notify me Before Visiting Edo or Else I Can't Guarantee Your SecurityTrump Vows to Sue Rupert Murdoch as Epstein Report Opens New Rift in Their RelationshipTinubu Names IBB’s Son, Top Experts to Lead Key Nigerian Agencies2027: Labour Party Appoints Nenadi Usman as Interim National Chairperson Alleged $9.6 Billion P&ID Fraud: Fleeing Briton’s Surety Arrested, Produced In Court
X whatsapp