We Are Tracking Agencies on Ease of Doing Business Strategy – VP office


By Samuel Oyejola


Following the executive order signed by the Vice President Yemi Osinbajo few months ago on easy of doing business in the country, the Office of the Vice President said it is monitoring Ministries, Departments and Agencies for compliance.


A member of the Presidential Ease of Doing Business Committee, Dr. Jumoke Oduwole said this at the ongoing World Bank and Rural Electrification Agency Summit on Mini-grids in Nigeria on Tuesday.


She revealed that the executive order was necessitated due to lots of feedback that revealed that it is difficult doing business within Nigeria. Oduwole said that the office of the Vice President is monitoring the MDAs to ensure full compliance.


She said that the committee is working on a lot of reforms with most of the agencies to ensure that the ease of doing business in the country is achieved.


Oduwole revealed that the reforms being carried out are being domesticated in the states. She said that Lagos and Kano state are the pilot states that the committee is working with.


Speaking also at the event, Adeshina Emmanuel of the Nigerian Investment Promotion Council (NIPC) said that although the NIPC is seen as an agency promoting Foreign Direct Investment alone, the council also promotes domestic investors and investment.


“In the past NIPC is seen as an agency promoting Foreign Direct Investment. We are at the stage where we are promoting domestic investments and investors.” Emmanuel said.


He said that in spite of the previous perception of Nigeria by foreign investors, he revealed that perception of investors about Nigeria is growing on the positive side. He said the council is putting together documents on incentives for investors in various industries.


The NIPC official encourages investors to relate with the NIPC since it is a one-stop shop agency. “Investors should have good relationship with us. We have capacity to intervene on behalf of investors if they have issues with any of the government agencies. “We are a One-Stop-Shop agency,” he said


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