The Federal Government is to address concerns over investments inflow and ease of doing business through its new reforms that will see the emergence of strong institutions to implement its agenda, the Senate President, Bukola Saraki has said.
At a forum in Lagos, he expressed concern about the country’s low ranking on the ease of doing business, saying the government has set up a technical committee to review institutional, regulatory and associated instruments affecting businesses.
Represented by the Chairman, Senate Committee on Industry, Sam Egwu, Saraki added that there were many reform bills being worked on to jump-start the economy and strengthen institutions. He said one of the bills has the potential to cut poverty and reduce unemployment by creating a friendly environment for investors and small and medium enterprises (SMEs).
“The bill is the Public Procurement Act Amendment Bill, which has already been passed by the Senate.
‘’Other bills aimed at improving our transport networks and maintenance culture includes the Private Sector Infrastructure Replacement and Protection Bill,” he added.
He noted that the nation would require a collective approach to solve its insecurity challenges, saying that the Federal Government, civil society groups, business and organisations shoulc fight insecurity to create an enabling environment where businesses will thrive to ensure sustainable economic development.