PRESIDENT MUHAMMADU BUHARI
The Presidential Enabling Business Council, recently approved by President Muhammadu Buhari will work in unison with a private sector-led Enabling Business Environment Secretariat, EBES, which will develop action plans for the implementation of reforms in the business environment in the country.
President Buhari stated this in a message to the opening of the 37th Kano International Trade Fair, saying the Federal government is cognizant of the fact that Nigeria economy requires a private sector driven approach for sustainable growth.
It could be recalled that the president approved the Presidential Enabling Business Council, chaired by the Vice President, to provide strategic direction and political will for the reforms and action plans required to remove bureaucratic bottlenecks and facilitate the simplification of procedures for business and property registration, taxation, export and import documentation among others.
“As a government, we are very mindful of the fact that the kind of economic growth that Nigeria requires is one that is driven by the private sector, with the government acting only as an enabler and cheerleader; creating and implementing policy initiatives that would enable you – investors, traders, entrepreneurs, SMEs – to operate at maximum potential and create economic value, for yourselves, and for the people and government of Nigeria”, he emphasized.
Represented by the Minister of Industry, Trade and Investment, Dr. Okechukwu Enelamah, the president maintained that while his administration is committed to attracting foreign investment through a number of incentives, it is aware of substantial investible funds within the country, and would do its best to encourage such funds to be channeled into investment and enterprise.
He reiterated that the government is committed to fundamentally restructuring the Nigerian economy away from dependence on oil and gas revenues to other areas including agriculture, oil minerals, manufacturing and Information and Communication Technology.
In his remarks, the governor of Kano state, Dr. Abdullahi Umar Ganduje, represented by his deputy, Prof. Hafz Abubakar commended the Federal government for working hard to create a favorable business climate in the country, pointing out that on its part, the state government established the Kano Investment Promotion Agency, with a view to articulating the required the services and provide same.
“The creation of the agency with the support of our development partners particularly the DFID, GEMS 3 programme has opened up a new window of opportunity for investors to overcome myriad of challenges that slow down influx of investment. Very soon, the agency will establish a One-Stop-Shop to centralize and ease the needs of prospective and existing investors in the state”, he assured.
Dr. Ganduje noted that the potential of investment in Kano are extremely huge and largely untapped citing the example of its huge agricultural resources, solid minerals, water resources and teeming manpower.
In his remarks, the President, Kano Chamber of Commerce, Industry, Mines and Agriculture, Alhaji Umar Faruk Rabi’u Dansuleka, explained that the choice of this year’s theme, “Attracting Entrepreneurs and Investors Towards National Economic Growth”, was informed by the current socio-economic difficulties, arising from global recession and the determination of the Buhari administration to re-position Nigeria form a nation of dwindling economy to a more powerful entity.