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Ease of doing Business: States must partner with Federal Government – Osinbajo

Vice President, Yemi Osinbajo has called on other states to partner with the Federal Government to ensure that businesses run smoothly in Nigeria. 

He made this statement at the inauguration of Kings Flour Mill at Onna in Akwa Ibom as part of programmes organised to mark the 32nd anniversary of the State. He described Akwa Ibom as Nigeria’s investment hub. 

While felicitating with Governor Udom Emmanuel and the people of the Akwa Ibom, he commended the Governor for providing a favourable environment for businesses to thrive. 

He noted that he was present in the state to commission Jubilee Syringe factory, a metering solution plant and some upgraded health facilities in September 2017. He also promised that he would be back to commission more projects. 

 Akwa Ibom State Governor, Mr Udom Emmanuel, is working relentlessly to attract sustainable investments to boost the Industrialisation drive of the Federal Government. These will create employment and generate wealth for the state and country. I appreciate the investors for the choice of Akwa Ibom State for their investment and I’m optimistic that the youths will seize these opportunities to acquire skills that would enhance self-reliance,” he said. 

Kings Flour Mill: The factory is expected to produce 500 metric tonnes of flour daily. According to the Governor, Kings Flour Mill is one of the best flour millers in Europe and he applauded the investors for hearkening to the appeal to come and invest in the state. 

Going further, Osinbajo went to reaffirm the Federal Government’s commitment to ensuring ease of businesses in Nigeria. 

“The Government has spent a lot of time and energy in propagating the ease of doing business in Nigeria and we want to attract investments to Nigeria. How do we attract these investments? We need power, we need infrastructure and the right environment to bring in investments. Everyone that wants to join the Federal Government should also partner with us,” the President stated. 

A Nairametrics’ report, however, stated that businesses still encounter barriers in doing businesses in Nigeria. A finance and tax expert, Dr Peter Adebayo said businesses face challenges of erratic power supply and poor infrastructure mostly at the ports. 

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