By Chijioke Okoronkwo
Abuja, Nov. 17, 2022(NAN) Vice President Yemi Osinbajo says the Federal Government will continue to push its business reform agenda for which the Presidential Enabling Business Environment Council( PEBEC) was established.
Osinbajo’s spokesman, Laolu Akande, in a statement on Thursday, said the vice president made this known when he received some of the participants of the ongoing Nigeria Diaspora Investment Summit (NDIS) at the Presidential Villa, Abuja.
The NDIS team was led by Abike Dabiri-Erewa, Chairman, Nigerians in Diaspora Commission (NiDCOM) and the acting Governor of Ondo State, Lucky Ayedatiwa.
Osinbajo said that the reforms were to create an enabling environment for more investments in the country, including from Nigerians abroad.
He acknowledged the contributions of Nigerians in the Diaspora to the economy, especially with the remittances sent into the country.
“When you look at the role the Diaspora has played in our economy, the remittances are wonderful and that is huge, relatively speaking.
“It is clear there is rising interest to invest at home by Nigerians abroad, what would bring more investments from those in the Diaspora is to create the environment that ensures it is easy for them to invest.
“It is now obvious that there are incredible opportunities that can be taken advantage of by our folks in the Diaspora; they can see and recognise those advantages.”
The vice president spoke on the seriousness with which the administration was taking the Ease of Doing Business Initiative.
He observed that there were challenges involved in working through a bureaucracy that was accustomed to being more of an obstacle than a facilitator.
“We are breaking that; bureaucracy is everywhere and tends to be that way and after a while, regulators (of businesses) don’t recognise anymore that the reason they are there is to facilitate business
who control an enormous amount of assets to have conversations with Nigeria about emerging opportunities for investments,” he said.
In her own remarks, Dabiri-Erewa stated that through the intervention of the NDIS in the last five years, investments had been made, particularly in the area of Agriculture, Medicare, ICT and Education.
“For those in the Diaspora, there is passion and interest to invest in Nigeria and the ease of doing business has improved tremendously under the leadership of the vice president,” she said.
Others at the meeting included a delegation from Ondo and Ekiti States, who are also attending the summit, and officials from NIDS and NIDCOM.(NAN)(www.nannews.ng)
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