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Nigeria: Corruption, significant barrier to doing business in Nigeria — Sen Ibrahim

Nigeria: Corruption, significant barrier to doing business in Nigeria — Sen Ibrahim

Rédaction Africa Links 24 with Rachael Omidiji
Published on 2024-03-20 20:55:18

The Honourable Minister of Police Affairs, Senator Ibrahim Giadam, recently emphasized the detrimental impact of corruption on business operations in Nigeria. Speaking at a meeting with the Presidential Enabling Business Environment Council (PEBEC) team led by Dr. Jumoke Oduwole, Senator Giadam highlighted the crucial role of the police in creating a secure environment conducive to business activities. He stressed the importance of maintaining law and order, protecting lives and property, and upholding the rule of law to ensure a safe and stable society where businesses can thrive without fear of crime or corruption.

Senator Giadam acknowledged the necessity of a secure business environment for smooth operations and investor confidence. He expressed optimism about the collaboration between the Ministry of Police Affairs and PEBEC to enhance the Ease of Doing Business Regulatory Reform Accelerator, aimed at fostering growth and competitiveness in key sectors of the Nigerian economy. The Minister’s commitment to promoting business growth and development in Nigeria was evident in his support for addressing challenges faced by businesses through targeted reforms to establish a more efficient, transparent, and competitive business climate for both domestic and foreign investors.

In his address, Senator Giadam emphasized the importance of upholding principles of justice, openness, and accountability to earn the trust and confidence of investors. He underscored the need to combat corruption within the ranks of the police force to build a respected and well-regarded institution. The Minister’s vision for combating corruption involved implementing robust processes to address instances of misbehavior and corruption promptly and transparently.

Corruption was singled out as a significant obstacle to conducting business in Nigeria, with Senator Giadam identifying the police force’s role in combating corruption through enforcement of anti-corruption laws, investigation of corruption cases, and promotion of transparency and accountability in police operations. The Minister’s stance on fighting corruption within the police force aligned with the broader goal of creating a more conducive business environment free from corrupt practices that deter investment and hinder economic growth.

Senator Giadam’s remarks reflected a firm commitment to reforming the police force to enhance its effectiveness in maintaining law and order, promoting business growth, and combating corruption. The Minister’s collaborative efforts with PEBEC underscored a shared commitment to fostering a business-friendly environment in Nigeria through regulatory reforms that support economic development and competitiveness across various sectors. By prioritizing transparency, accountability, and efficiency, Senator Giadam’s leadership signaled a positive step towards addressing corruption and improving the ease of doing business in Nigeria.

Read the original article on Nigerian Tribune

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