While making his presentation at the plenary session on “Dialogue with the private sector” at the 6th Tokyo International Conference on African Development (TICAD VI) in Nairobi Kenya on Sunday, August 28, 2016, Nigeria’s President Muhammadu Buhari told Japanese business community that Nigeria’s business environment was not healthy for investors.
The president revealed that his government has established a Presidential Enabling Environment Council, PEEC and Inter-Ministerial Council to help eliminate some inherent and artificial bottlenecks likely to impede the ease of doing business in Nigeria.
The president hoped that the efforts would move Nigeria from the rating of World Bank’s business index to 20 places in first year to be in the top 100 within the next 3 years.
“One of the most important priorities is to create right and enabling environment for business and investors in Nigeria. Our vision and objective is to make Nigeria one of the most attractive and the easiest places of doing business in the world.
“We believe government has a particular responsibility to create right and attractive environment for businesses and economic activities to thrive.
“In furtherance of this vision, we have launched the Presidential Enabling Environment Council, PEEC and Inter-Ministerial Council to oversee the efforts of government to remove various bottlenecks that stifle businesses and economic activities and thereby create economic activities; thereby create the right enabling environment and investment climate in Nigeria.
“The secretariat will include strong private sector representation that would be led by experienced business professionals from the private sector. We are committed to moving up the rating of the world bank’s ease of doing business index 20 places in first year and be in the top 100 within the next 3 years”, the president said.