The Federal Government has said it is making efforts to position the country to scoop the 100th position on the ease of doing business index from the 169th position it occupies now.
The Minister of State for Industry, Trade and Investment, Hajiya Aisha Abubakar, who hosted some foreign investors led by the Chief Executive Officer of Susman and Associates Limited, Shamsudden Usman, in her office in Abuja recently, disclosed that an inter-Ministerial Committee has been set up to achieve the purpose.
The committee, which will kick off meeting soon, is expected to speed up the process of Nigeria climbing 69 steps up the index of global countries where businesses are done with ease.
Hajiya Abubakar also told the visiting investors that the federal government was working on reducing imports and increasing exports to reposition the nation’s economy.
“We are trying to move away from imports and create an environment from within before taking our products outside,” she said.
She said the declining oil price is an opportunity for the country to increase investments in non-oil sectors.
She assured the team that there are increased incentives for investors coming to the country to attract more Foreign Direct Investment (FDI).
