President Muhammadu Buhari told captains of industry and political leaders at the dinner that his administration had done exceedingly well in improving the business climate, urging the private sector to complement the government’s effort in poverty reduction and job creation for the young people.
According to a statement by presidential spokesman, Femi Adesina, Buhari spoke during Iftar with members of the business community and the leadership of political parties in Abuja on Tuesday, April 26, 2022.
He said, ‘‘No administration has done as much as we have done in the creation of a climate best suited for business, big and small, to thrive.
‘‘The ease of doing business index that is globally recognised has acknowledged that the ease with which business is carried out in the country has never been better than it’s today. We will continue to make it better.
‘‘We’ll equally continue to count on the support of the private sector to improve economic growth and create new job opportunities for our teeming population.
‘‘Employment is critical to the stability and prosperity of our country. Government and the private sector, working together, have an opportunity to transform the lives of people in ways that was hard to imagine in the past.’’
In 2020, Nigeria ranked 131 globally on the World Bank’s ease of doing business index.
The country moved up by 15 places from its previous position — 146.