The World Bank has urged the Presidential Enabling Business Environment Council (PEBEC) to sustain the momentum of keeping Nigeria in the good business ranking across the globe.
Nigeria has moved from 169 to 145, 24 places on the World Bank ranking.
The Country Director, Rachid Benmessaoud said this when he presented the report on the Ease of Doing Business ranking to the Vice President, Yemi Osinbajo.
More work to be done
Osinbajo said the progress made by the government won’t make it to be complacent on its reforms.
“It is for this reason – the creation of a business environment that catalyses business activity and investment – that this year alone we have issued an Executive Order focusing on improving the business environment, and launched two National Action Plans designed to be short-term interventions aimed at implementing specific business environment reforms. The second National Action Plan is ongoing, and we expect that it will yield results across every sector of the economy, including the OPTS.”
According to him, the Federal Government is also making progress towards reforming and repositioning the country’s oil and gas sector – through its sector road map launched in October 2016.