Nigeria’s rating alongside China and India as some of the ten countries with the ‘most notable improve­ment’ on the ease of doing business is a welcome de­velopment reflecting the impact of President Mu­hammadu Buhari’s regu­latory reforms.

Making this observation, the Buhari Media Organisa­tion (BMO), recalled the World Bank’s ease of doing business report for 2020 which indi­cated that getting electricity, enforcing contracts, and reg­istering property as part of the reforms that contributed to the improvement which ranked Nigeria131 among the 190 countries ranked.

In a statement signed by its Chairman Niyi Akinsiju and Secretary Cassidy Madueke, BMO noted that “this improve­ment is suggestive of the fact that the country has made commitments to improving the business environment in the country, making it possible to be listed with economic gi­ants like India and China.

“This will subsequently impact positively on both local and foreign investors making Nigeria a core primary invest­ment destination in Africa.”

The group also took into consideration the new Com­pany and Allied Matters Act (CAMA) which is expected to revolutionalise the ease of doing business in the country.