On the back of reforms undertaken by the Governor Godwin Obaseki-led administration, Edo State has been ranked as one of the safest states to do business in Nigeria.
According to a new report by business and advisory firm, Vistern Partners Nigeria Limited, Edo ranked high on registering a business, tax administration, contract enforcement and dispute resolution, land administration and registering property, getting electricity and power generation, investment promotion and facilitation and ease of doing business institutionalisation.
The report accessed the legal and regulatory frameworks for business enabling environment, employment promotion and Micro, Small and Medium Enterprise (MSMEs) development.
Read also: Ogun, leading light in ease of doing business, says Ecobank MD
Other areas analysed include job creation and promotion of employment, public procurement, access to finance and private sector participation in the policy process and gender mainstreaming and entrepreneurship, among others.
The report, which hailed reforms by the Obaseki-led administration aimed at creating a business-friendly environment in Edo State, noted, “governments have a crucial role in providing a conducive environment for private sector activities by ensuring the predictability and functionality of the policy and legal environment, adequate market completion, the availability of public goods and services required by businesses, a functioning finance system, the efficient and transparent regulation and taxation of private enterprises and the development of a healthy workforce through investments in education and health.”
