ENFORCING CONTRACTS: WAY FORWARD An enforceable contract is a written or oral agreement that can be imposed in a court of law. If the law permits enforcement of a contract, execution of an agreement is the obligation of the assenting parties. Terms may not be violated or breached without causing the contract to void. There …
There is an high level of unfamiliarity with the AfCFTA’s existence. MSMEs will not be able to prepare effectively, let alone take full advantage of, AfCFTA without prior awareness. There is therefore need to pay attention to both digital and non-digital dissemination strategies to ensure full reach of Nigerian businesses irrespective of their technological participation …
Entrepreneurs in Africa continue to face significant barriers to entry when starting a business. Burdensome and costly regulation can prevent entrepreneurs from entering the formal economy, negatively impacting all sectors.⠀⠀It’s therefore worthwhile to state that there is a clear evidence that streamlining regulatory procedures can encourage #business entry, business growth, job creation and rising citizens’ incomes. ⠀⠀The …
Reducing the average days required to start a business in Nigeria from 7 to 2 days Read More »
61% of SMEs say AfCFTA will have a positive effect on the cost of materials and machineries. Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture(NACCIMA), September 2020 Obviously, any economic policy that facilitates imports and exports among member countries – with lower or no tariffs, free access to the market and market information, …
Many years of spending too much without a matching result to show for it has continued to increase our debt, place more tax burden on Nigerians and encourage corruption. Limited Government is key.
In the global ranking, Tunisia was ranked 80th position while Egypt and Nigeria was respectively in number 120th and 146th. In the ranking, starting a business, dealing with construction permits, getting electricity, registering property, getting credit, minority investment protection, paying taxes, trading across borders, enforcing contracts and resolving insolvency were all considered. Nigeria for …
Ease of Doing Business of Selected Oil Producing Countries in Africa Read More »
