Nigeria records marginal improvement in ease of doing business

Nigeria's Overall Ease of Doing Business Satisfaction index has recorded marginal improvement, according to a recent report. However, satisfaction scores across all indicators dropped, except for Transparency and Accessibility of Information. Jumoke Oduwole, Special Adviser to the President on Ease of Doing Business in Nigeria, discussed these findings in an interview with CNBC Africa. She highlighted the importance of enhancing transparency and accessibility of information to support businesses in the country. Despite some positive developments, challenges remain, particularly in the regulatory environment and ensuring a secure and stable business environment. Oduwole emphasized the need for continued efforts to address these issues and further improve the ease of doing business in Nigeria. The interview also touched on recent legislative changes, such as the Business Facilitation Bill and the shift towards concurrent power electrification, highlighting the government's commitment to enhancing the business climate and driving economic recovery amidst global challenges. Looking ahead, Oduwole expressed openness to serve further if the opportunity arises, reflecting on her impactful journey in the public sector. As Nigeria navigates through various reforms and consolidates efforts to support businesses and MSMEs, the focus remains on driving progress and finishing strong.