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Nigeria Ranks 146 Out Of 190 On Ease Of Doing Business Globally Saturday Sep 28 2019   @Tonye Lekara
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The Nigerian Investment Promotion Commission says the country is currently rated 146 of 190 countries on the global Ease of Doing Business, according to rating by the World Bank.

This rating was revealed by the Executive Secretary of the Commission, Yewande Smith, in Lagos.

The report, which was presented at the lecture, Nigeria’s Ease of Doing Business score shows that there was an improvement of 1.37 points from 51.52 distance to frontier in 2018 to 52.89 in 2019.

She added that the Commission had adopted some proactive strategies geared towards improving Nigeria’s Investment Promotion, thereby helping to create ease in doing business.

“The Proactive Investment Promotion strategies include focusing on key strategic partners and countries, identifying high impact sectors, better balance investors’ rights with obligations, improving investor experience and using feedback to develop the business environment.”

Others are: proactively inviting target companies to Nigeria and hand-holding them through the decision making and the implementation process, and encouraging more Nigerians to invest in the country.

“We encourage states to develop investment promotion agencies so that they will be specifically charged with the responsibility of promoting
the states,’’ she said.

She urged the government to enable investors so they can create more jobs that will have a significant impact on the economy, the News
Agency of Nigeria reports.

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