Wednesday, 19 April 2017

Lagos Govt Reiterates Commitment to Improve Ease of Doing Business

Lagos State Government has reiterated its commitment to improve the ease of doing business in the Nigeria’s commercial hub to attract more investments.

The Special Adviser, Office of Overseas Affairs and Investment, Lagos Global, Professor Ademola Abass, while speaking with the media in Alausa, Ikeja, stated that part of the desire of Governor Akinwunmi Ambode is to make Lagos the most desirable investment destination in the world through the ease of doing business that every investor looks out for to stimulate their interest to invest.



He said the index of the ease of doing business ranking of nations; according to World Bank include ease of starting a business, obtaining construction permits, property registration, tax payment, trading across borders, getting credits and enforcing contracts.

“His Excellency, the Governor has again reaffirmed his commitment at ensuring that Lagos becomes the destination of choice as far as investment is concerned. A number of reforms have been instituted to create an enabling environment for businesses to thrive and for investors, both local and foreign to realize that the business environment has been greatly enhanced and therefore conducive for businesses to prosper,” said Ademola Abass

“The various efforts being made by the government are all geared towards enhancing the ease of doing business in the state. Some of these reforms include but not limited to tax reforms, ease of permits application processes, improved land registration system, quicker proposal processing and so many others. These are areas where investors had setbacks in the past that brought about discouragement leading to a reduced presence of investments in the state”.

“A major part of the effort of government to enhance the ease of doing business is the creation of the Office of Overseas Affairs and Investment as a one-stop shop for investors to reduce the stress involved with multi-agency handling of investment issues; the office centralises the processing of investment proposals to fast-track the process to enhance business turn-around time”.

Abass further said all these are done in the hope that, if Lagos State, being the commercial hub of Nigeria gets its acts together in this regards, then Nigeria as a whole stands a better chance to attract more investments.

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