President Muhammadu Buhari-led Government is working hard to move the country to the top 100 in the world on ease of doing business ranking by ensuring that the nation’s economy grow as fast as that of China.
This was made known by the Minister of Finance, Mrs Zainab Ahmed, during a news conference on the forthcoming 25th Nigerian Economic Summit in Abuja on Monday, September 16, 2019.
Mrs Zainab Ahmed explained that the Buhari-led administration had taken steps toward making the country investment friendly and competitive.
According to her, this move will ensure the increasing local content that have been signed to support the diversification efforts. Ahmed said:
“We have also established a competitiveness advisory council and special economic zones (SEZs) in the six geo-political zones, as a vehicle for partnering with the private sector.
“The initiative is in line with the modern trend of providing infrastructure to business clusters to improve and boost economic activities in such zones as found in China and other fast-growing economies. We believe that these initiatives will improve trade balances, investment and create jobs.
“Government is also working toward launching a broad range of sector–specific activities to attract investment and drive growth through improving regulatory efficiency.
Ahmed disclosed that to expand transportation and other infrastructures that would make the country competitive for investment, government was willing to work with the private sector in commercially viable projects.