General problem/challenge addressed by the commitment
The bureaucracy and excessive red-tape inherent in government institutions involved in business process services constitutes a challenge and makes it difficult for potential investors and entrepreneurs to set up micro, small and medium scale enterprises in the country. Lack of basic and functional infrastructure is another critical challenge which investors face especially in the area of power and transportation. This also affects foreign businesses that wish to invest in Nigeria and is clearly evident in the country’s persistent poor ranking in the World Bank’s ease of doing business index.
To improve the ease of establishing and operating a business in Nigeria by improving the basic infrastructure stock required to enhance business performance and making government agencies involved in business processes more efficient and transparent.
Specific OGP challenge addressed by commitment
This commitment will lead to Improvement in Private sector and Public Service delivery of critical development projects. It will also lead to improved transparency and Integrity of public servants and private sector entrepreneurs
Rationale for commitment
By implementing this commitment, government will further enshrine public accountability in its dealings with the citizens.
Improved business environment will lead to more jobs being created, higher employment rates and ultimately to a more diversified and improved economy.
1. Time needed to register a business.
2. Time needed to register business premises
3. Time taken to obtain land title.
4. Access to credit information
5. Access to credit for business.
6. Number of processes involved in obtaining business licenses and permits.
7. Improved ranking on the World Bank ease of doing business index.
8. Increase in the number of MSMEs registered.
9. Number of new jobs created.