FG Inaugurates C’ttees To Tackle Nigeria’s Doing Business, Investment Bottlenecks

The Federal Government has inaugurated two technical committees for the Doing Business and Competitive Committee and Investor-Care Committee to tackle the problems militating against the ease of doing business in Nigeria; inflow of Foreign Direct Investment; and ultimately improve the country’s ranking in? the Global? Competiveness Index.

The Minister of Trade and Investment, Mr. Olusegun Aganga , who performed the inauguration ceremony? in Abuja, said that the exercise was a follow-up to the earlier inauguration of the Doing Business and Competitiveness Committee? and After-Care Committee(formerly known as Committee on Problems of Investors),? by the Secretary to the Government of the Federal Government ,few months ago.

The two committees which have the minister as? chairman, have its membership? drawn from Ministries, Departments and Agencies of the Federal Government including? Finance; Power; Mining,? Justice; the Central Bank of Nigeria; Nigerian National Petroleum Corporation; Nigeria Immigration Service; Federal Inland Revenue Service and? Nigeria Customs Service, among others.

However, Aganga, explained that the newly inaugurated technical committees were expected to address policy issues inhibiting Nigeria’s competitive business environment; instil fair and transparent business operational procedures; enhance the image of the economy and build investors’ confidence. The committees are expected to meet twice a month to review their performance.

He said that members of the two technical committees were selected by the heads of their respective MDAs which constitute the Doing Business and Competitiveness Committee and Investor-Care Committees respectively.

Aganga said: “We have assembled very bright and seasoned officers? from various Ministries, Departments and Agencies? who were selected by the Chief Executives /Heads to represent their MDAs in the Technical Committees of the Doing Business and Competitiveness, and After-Care Committees.The? respective Technical Committees? are expected to address policy issues inhibiting our competitive business environment ; instill fair and transparent business operational procedures and enhance the image of the economy and build investors’ confidence.

?