Just as the International Finance Corporation (IFC) and World Bank released the 10th edition of Doing Business report series, ranking Nigeria 131 out of 185 countries surveyed, discussants on Channels Television’s weekend programme, Sunrise examined the ease of doing business in the country.
The debate was between Adewole Ojo, a communication consultant and Odilim Enwegbara, a financial analyst.
Mr Enwegbara said the World Bank report which held that it is becoming easy to do business in Nigeria cannot be substantiated.
“Where is the improvement,” he asked.
“If there are improvements, it will translate to jobs; it will translate to GDP growth and it will show that corruption is coming down and other indices. As far as I am concern, I think it is high time we stopped taking all these types of grading seriously,” he said.
On the contrary, Mr Ojo said it would be wrong to completely disregard the World Bank report as Mr Enwegbara suggested.
“What is important for me is to situate Nigeria in the ranking. To look at what countries above Nigeria are doing well and those below Nigeria that is not doing well and avoid those things countries below Nigeria are doing,” he said.
Watch the video below for the full debate on ease of doing business in Nigeria.
