One of the challenges faced by entrepreneurs and investors alike is the difficulty in operating a business in the country. President Muhammadu Buhari has, therefore, approved the formation of a Presidential Commission on ease of doing business in Nigeria to address this.
Nigeria currently ranks 169 on the World Bank Ease of Doing Business ranking.
“The commission will have a secretariat to be headed by a private sector professional,” Vice President, Professor Yemi Osinbajo, said while presiding over the first Quarterly Consultation between the presidency and the Manufacturers Association of Nigeria (MAN).
“One of the key issues the presidential commission which I am heading would be looking at is the case of multiple taxation. This is also an issue that the Ministry of Trade and Investment is also actively engaged with,” Osinbajo said.
He explained that the chair would lead the secretariat of the Presidential Commission that would now pay even greater attention and focus to the issues of doing business in Nigeria.