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FG Issues Executive Order to Attract Foreign Investors

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By Kolawole Olayinka, Abeokuta

The Federal Government of Nigeria has issued an executive order to attract foreign investors to the country and also improve her global ranking in the World Bank’s Ease of Doing Business Index from 169 to 100 by 2020.

This hint was dropped by the Honourable Minister of Budget and National Planning, Senator Udoma Udo Udoma at the Side Event of the Joint Planning Board/National Council on Development Planning Meeting ongoing in Abeokuta, Ogun State.

The Minister in his speech presented  by the Permanent Secretary of  the Ministry, Mr Olajide Odewale stated that as a step to realizing this goals, the Presidency has set up a  Presidential Enabling Business Environment Council (PUBEC) with the mandate to remove critical bottlenecks and bureaucratic constraints to doing business in the country.

Senator Udoma revealed that the Executive Order contained far-reaching directives to be implemented by MDAs in order to improve transparency and efficiency in public service delivery to ease the business environment.

In her own speech, the Minister of State for Budget and Planning, Mrs Zainab Ahmed also represented by the Ministry’s permanent Secretary P. S. stated that the quality of life of every individual started from the womb, saying that to ensure realisation of inherent potential of the country’s work force attention must be paid to the protection of the children.

Also speaking at the occasion, Mrs Wonuola Adetayo in her lecture titled, Developing Talent and Institutions for Effective Implementation of Economic Recovery and Growth Plan, opined that prioritisation of vocational and technical education is exigent.

She said, it will be a grate advantage if the federal government of Nigeria can emulate Switzerland formula for developing talent by strength in both vocational/technical and global knowledge skill. It has two local specificity, a thriving apprenticeship programme and a system where workers can be move and forth from classroom to workplace.

Also, the Swiss government created an enabling environment to attract, grow, and retain talent to foster these output skill.

They foster a strong education systems and they have a well established tradition of immigration to attract talent. So if our government can imbibed formula our young graduate we stopped looking for white scholars job.

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