BusinessDay – Making Nigeria more competitive
In its quest to improve business competitiveness and ability to attract local and international investment, Nigeria launched the National Competitiveness Council (NCCN) in 2013. The council, which was inaugurated by President Goodluck Jonathan, has Olusegun Aganga, minister of industry, trade and investment, as chairman, and Tony Elumelu, chairman of Heirs Holdings, representing the private sector, as vice chairman. Other members were drawn from the Nigerian and international communities.
Competitiveness, no doubt, is a prerequisite for a country’s development. Countries that successfully implement reforms and overhaul regulatory obstacles experience better economic outcomes, job creation and improved standards of living, according to the World Bank.