President Muhammadu Buhari has reiterated his administration’s commitment to blocking all the loopholes in revenue-generating agencies.
He said the government would increase revenue-generating agencies’ efficiency in trade facilitation and ensure transparency in all government businesses in order to attract greater foreign direct investments into Nigeria.
Buhari made this known at the State House in Abuja Monday, after a presentation on enhancing Nigeria’s trade and economic competitiveness.
President Buhari also assured that his administration would soon introduce more policies to further ease the process of doing business in Nigeria.
According to him, the new policies would be focused on increasing efficiency and transparency in government operations, and the blocking of leakages from revenue-generating agencies.
Towards this end, Mr. Buhari said the Nigeria Customs Service (NCS), Ministry of Trade and Investment, Ministry of Finance and other relevant agencies would be encouraged to adopt some of the positive ideas contained in the presentation for implementation next year.
Earlier, a representative of the company that made the presentation, Mr. Lim Chee Boon, had told Buhari that virtually all the countries that implemented its solutions had successfully reduced corruption in their import and export processes.