Lagos State Governor Akinwunmi Ambode says the country must address issues of infrastructural decay, rule of law and timely dispensation of justice to ease the process of doing business.The governor said it was only then that Nigeria could achieve its dream of building a globally competitive economy that would attract foreign investors.
The governor, who spoke at a dinner on Friday, added that the judiciary would play a role in improving the rating of the country as a place where business could be done with ease.
He said a recent World Bank rating of countries on the basis of ease of doing business rated Nigeria low, noting that one of the parameters considered was the ease with which disputes from business transactions were resolved.
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He said, “The report is an indication that the nation’s desire to build a globally competitive economy that will attract foreign investors cannot be achieved without a vibrant judiciary.
“It is therefore imperative that as we address the issue of infrastructural deficiency to ease the process and reduce cost of doing business; the issues of rule of law and timely dispensation of justice must also be given priority.”
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