adsence

Breaking News

Forbes rating of Nigeria, an indication that the anti-corruption exercise has not done much to our economy.

Despite government’s effort to boost business environment in the country and improve on ease of doing business, analysts say that Forbes rating on Nigeria as the 110th best country to do business and 14th in Africa is a confirmation of the unfriendly business environment in Nigeria.

Zainab Ahmed
Zainab Ahmed





John Chukwu, Managing Director of Cowry Assets Management Limited in his view said that though it is an improvement from the 115th position that we are in the previous year, it is a confirmation of the country’s weak business friendliness.

“it is a confirmation that the economic environment is still unfriendly to do business, bringing the fact that there were 13 countries including South Africa, Rwanda, Botswana, Ghana, Kenya and the likes; small countries doing better than Nigeria, it confirms that it is aligning with the report of the World Economic Forum on Global Competitiveness where Nigeria was in 2017 rated at 125 out of 167 or the World Bank ease of doing business where Nigeria was rated 146.”

  Chukwu stated that this amounts to a clarion call for the government to begin to implement policies that would improve on things like property rights, tax collection, tax administration, issue of freedom, personal freedom, among others.

No comments

IBC

IBC
IMO BROADCASTING CORPORATION