impediment to the realization of economic objectives in Nigeria,
particularly in the manufacturing sector.
Railway system development. The present Administration is committed
to developing the railway sector to ensure the movement of people and
freights under the aegis of Nigeria Railway Corporation (NRC). The Mass
Transit Train Service (MTTS) recently added a Lagos to Ilorin service to its
existing routes. This is necessitated by the need to complement road
transportation system which has been the dominant mode of transport in
Nigeria for over three decades.
Massive rehabilitation and extensive expansion of major Highways all
over the country, to strengthen transportation, enhance safety and
improve the environment for transport dependent businesses.
Establishment of Abuja Bus Rapid Transit (BRT) System: Impressed by
the success of the Lagos BRT that impacted positively on traffic situation
in Lagos, and with the aim of easing transport gridlock that is becoming a
feature in the Federal Capital Territory, government through the Federal
Capital Territory Administration (FCTA), launched the Abuja BRT system
on 24th May, 2011.
Business Registration Reforms: In order to lessen the burden of investors
who hitherto have to deal with multiple agencies during start up and close
phases of business in Nigeria, the Federal Government, through the
Corporate Affairs Commission (CAC), approved the establishment of a one
– stop – center. The CAC now has a desk at the one –stop center that
facilitates business incorporation and registration for joint venture and
foreign companies. The Kwara State Government also adopted this idea
by establishing a one- stop shop where investors interact with the
organized private sector and civil society groups. The Bayelsa State
Government also created the office of Special Adviser to the Governor on
Business Development.
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