Abuja – An economist, Dr Aminu Usman, on Thursday, advised the Federal Government to formulate policies that would eliminate all forms of bureaucracy that hampered the process of doing business in the country.
Usman, who is also a Lecturer at the Department of Economics, Kaduna State University, gave the advice in an interview with the News Agency of Nigeria (NAN) in Abuja.
The lecturer, who spoke on the World Bank latest ranking of Nigeria on “Ease of Doing Business Report”, said that moving up one step could be seen as a positive development, adding that however that it was nothing to celebrate.
NAN reports that the report released by the World Bank showed that Nigeria moved from 170th position in 2015 to 169th out of 189 economies.
According to the report, there is improvement in protecting minority investors and registering property compared to 2015.
“Nigeria should remove too many bureaucracies and corruption in the system, in addition to addressing current security challenges.
“The country must improve our learning curve fast.
“We must take conscious steps to improve on all the areas that are measured so that we can move up significantly to give the impression that we are now serious.
“If we achieve that, we will be able to attract the attention of investors to come to us instead of going to other countries equally seeking for investors,’’ the lecturer said.
Usman said that the issue with ease of doing business in the country was very serious, adding that the country needed to attract foreign direct investment.
The lecturer, however, said that the country would have been attracting investors if the business environment “is has been friendly’’. (NAN)
Ease of Doing Business: Expert urges FG to address bureaucracy
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