Osinbajo says Doing Business in Nigeria is getting easier

The Vice President who disclosed this at the Micro, Small and Medium Enterprises (MSME) Clinic in Jos, said issues of new business registration, access to loans, certification of products, issuance of visas and import inspection were all being addressed under a new reform regime anchored by the PEBEC secretariat.

Vice President Yemi Osinbajo, SAN has assured Nigerians that doing business in the country is becoming easier going by the recent reforms undertaken by the Presidential Enabling Business Council (PEBEC) and currently being implemented by the relevant agencies. “we tried to look at the various areas that make it particularly difficult to do business in Nigeria, for instance, for those who want to register companies it used to take a long time but now we have improved on that considerably.’’ He said, “It is now possible for you to do a lot of business registration online. As a matter of fact by next month the portal facility of the Corporate Affairs Commission, CAC, would be completely online.’’ He added that we are also using a private sector cyber resource called Main One which is providing all of the services for the CAC portal. So it can become much easier for us to use, I am saying that the Corporate Affairs Commission will now be online all the time.

Prof. Osinbajo added that “the other aspect of doing business that we are trying to do is with respect to ensuring that those who come in to Nigeria to do business find it easy to come in, we are making it easier for them to obtain visas on arrival.” On import inspections. He added that before now you had several documents to fill but we have reduced the number of documents by half so that you are not filling hundreds of documents, adding that imported goods must henceforth be in pallets so that it is easier to inspect under a new joint inspection arrangement led by the Nigerian Customs Service.

On the MSMEs clinic, the Vice President said, “part of the ease of doing business is what we are doing here today – the MSME CLINIC. According to him, “the whole idea of a clinic is almost like a hospital, but in this case it’s a mobile hospital. We are bringing the doctors here to meet with the manufacturers, with the small scale manufacturers.’’

He added that “as far as agro-allied industry is concerned, it will be difficult to compete with Plateau State,” describing the state as truly the agro-allied hub of Nigeria.

He attributed the recent achievements to President Buhari’s commitment to the growth of MSMEs in Nigeria which had initially given rise to the establishment of the Presidential Enabling Business Council (PEBEC) and culminated in government’s new policies on the ease of doing business.

Prof. Osinbajo had on arrival at the Jos Polo Field venue of the clinic, inspected products exhibited by local manufacturers and stands of government agencies participating in the clinic.

Governor Simon Lalong had earlier thanked the Vice President for bringing the MSMEs clinic to Plateau state, stressing that it would unlock the agro-allied potentials and create avenues for prospective small business owners in the state.

He appealed to the Federal Government to consider the state in the establishment of industrial hubs across the country, stressing that the state possessed the necessary environment and logistics.

The Vice President was accompanied on the visit by the Minister of State for Industry, Trade and Investment, Hajiya Aisha Abubakar, the Minister of Youth and Sports, Barr. Solomon Dalung, heads of agencies of government responsible for the certification and regulation of small businesses.


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