Skip to main content

The Ease of Doing Business in Nigeria and other matters-----Obinna Edeh

The Vice President, Yemi Osinbajo’s office coordinates the Presidential Enabling Business Council. The Council was set up pursuant to an Executive Order signed by the V.P then Acting President of the Federal Republic of Nigeria.

The crux of the Order was to ease the process  of doing business in Nigeria. Prior to this order, it was a herculean task moving from point A to Point B in business registration without facing countless potholes. The move by the Vice President has so far received accolades both within and outside the shores of the country. The Ease of Doing Business initiative has streamlined the process of business registration making it easier to start a business. The V.P has also involved industry stakeholders comprising the organized private sector and relevant government departments with a view to cover up loopholes that impede efficient business formation and administration in Nigeria. Several regulatory agencies have been directed to reduce the down- time in product registration and ensure more efficient service delivery.

All these are commendable when viewed from the institutional perspective. However, considering the fact that there are human factors involved at every stage of the process, it  is imperative  that these factors be considered. Nigeria is at the most formative years of information technology. The country is yet to embrace the world of artificial intelligence or the internet of things. It is still grappling with the challenges of the second industrial revolution. The image of the country is in tatters and the Nigerian passports arouse suspicion at any port of entry around the world. There is no way, doing business in the 21st century can be easy without considering these elements and changing the attitude and our way of doing business in the country. 

Therefore, without any intention to denigrate the current arrangement, we submit that the council on enabling business must move beyond ad-hoc arrangements to addressing the real issues. It cannot be gainsaid that Trust is the major factor that propels business partnerships. Thus, without working on the national psyche and having a strong and steady arrangement to change the national image, doing business in Nigeria may not be easy as expected. There should be arrangements to fix the roads, to ensure that the telecom industry operates as world class. Internet connectivity ought to be cheap and easy to install. The Justice System and the Health system must be efficient and offer prompt service. These are some of the factors that propel investment in a country and must be addressed alongside the current institutional re-arrangements of the moment.    

Obinna Edeh is a Lawyer and Research Consultant with interest in  the Economics of Governance, Medical Rights and Divinity. You can follow him on Facebook and  twitter @obilexie  


Popular posts from this blog

Young Nigerian Presidential Aspirants Forge Alliance To Win 2019

The faction of the Young Nigerian Presidential Aspirants from various political parties tonight decided to collaborate and forged a united front to win the seat in 2019.

Atiku Shares Deep Lessons From Black Panther

Over the weekend, I joined my children to watch the much talked about ‘Black Panther’. It was a good film, and I was happy they took me to see it. However, I came out of the movie theatre a little upset. When the first scenes came up, and I saw “Sambisa Forest” I was unhappy that the only reference the film makers could have for Nigeria was a negative one, but I was later encouraged by the thought of Africans solving African problems. That is a good thing, the kinds of things we used to do. For young people who may not remember, Nigerian civil servants and indeed most able citizens used to contribute money every month to support the struggle against Apartheid in South Africa. Nigeria was the single stabilizing force across West Africa. Helping to restore peace in Liberia and Sierra Leone are examples of the gigantic status we once had.

Selling Smart Phone Pictures: When My Phone Photography Exhibition Abuja Held Recently

The maiden edition of the 'my phone photography exhibition' held on the 23rd of March. The Shehu Musa Yar'adua Centre located in central area, Abuja, played host to this event. It was an atmosphere filled with calmness but you could also hear the joy and excitement in the voices of the over 100 people who came through the exhibition doors. 
The idea of the exhibition was born by one of the exhibitors (Omofuoma Agharite). Haven taken numerous pictures with her phone, she wanted to share those pictures with others and at the same time support a charity organisation. It was then that the idea was born and given to Ivy Events to nurture. After months of planning and execution, a group of exhibitors came together to showcase some of the amazing pictures that they had photographed with only their phones.