AfriHeritage Unveils Business Environment Report Tuesday

Determined to enthrone an evidence-based policy-making and eliminate the administrative, cultural and socio-political factors that hinder a flourishing business climate and flow of investment into Nigeria, a research center! African Heritage Institution, will on Tuesday, December 12 present its Business Environment and Competitiveness Across Nigerian States (BECANS) III 2016 Report to the public.

Briefing journalists on their readiness for the presentation, the executive director of  AfriHeritage Institution, Professor Ufo Okeke-Uzodike, lamented that despite the clamour by various tiers of government in Nigeria for direct local and foreign investments, the market attraction and the desire of these potential investors to do business in Nigeria, the business environment still doesn’t look conducive for investors. 

According to him, BECANS 111 2016 was preceded by the African Heritage BECANS 1 and 11 and has 19 measures and 88 indicators. He added that the institution carried out advocacy visits to states to enable them to take the advantage and improve on their infrastructure, security and economy.

“The expectations and efforts of the government in poverty reduction, employment creation and the attainment of Millennium Development Goals and also the realization of the objectives of the National Economic Empowerment Development Strategy (NEEDS) will largely remain a mirage except the issue of ease of doing business and reduction of cost of doing business in Nigeria are pragmatically dealt with, not just in theory, but in practical terms,” he said.

Professor Okeke-Uzodike also noted that a good and attractive business environment requires an efficient and effective supply of public infrastructure as well as institutional and regulatory framework. He therefore urged the government and the public to participate at the event which will take place at the AfriHeritage Institute at Independence Layout, Enugu. 

The executive director further disclosed that the African Heritage Institute had collaborated with some organizations which provided critical data that helped in the compilation of a concise report.

These partners comprise the following: International Development Research Centre (IDRC); the Nigerian Economic Summit Group (NESG); National Planning Commission (NPC); National Bureau of Statistics (NBS); Manufacturers Association of Nigeria (MAN); Nigerian Chamber of Commerce, Mines and Agriculture (NACCIMA); Central Bank of Nigeria (CBN); National Association of Small and Medium Enterprises (NASME); National Association of Small Scale Industrialists (NASSI), and Small and Medium Enterprise Development Agency of Nigeria (SMEDAN).

Others include the Nigerian Investment Promotion Council (NIPC); United Nations Industrial Development Organization (UNIDO); the Nigeria Police; the National Competitiveness Council of Nigeria (NCCN); the media and other critical stakeholders and institutions.

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