Posted By: | December 08, 2020 |

Executive Order on Ease of Doing Business in Nigeria: Knuckling Down to Get Business Done

President Buhari's administration is on record as being the first to consciously determine to address Nigeria's perennially low ranking in global ease of doing business (EDB)/ competitive ratings, acknowledging inevitability of taking composite reform actions to significantly improve Nigeria's EDB rankings. This is commendable, given anxieties caused by the President's five month delay in constituting his cabinet, inclement global and national macro-economic landscape headlined by shrinking government revenues from falling crude prices and production cuts as a result of unrest in the Niger Delta, as well as policy actions or inactions that put pressure on Nigeria's foreign exchange metrics. Little wonder that Nigeria's EDB rating actually slipped in 2016 from 2015, after marginally improving in 2014.

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