As part of plans to improve the ease of doing business in the country, the Federal Government of Nigeria has given 28 states a total of $68 million.
The article from MSN discusses how the Nigerian Federal Government disbursed N68 million to 28 states to facilitate business reforms aimed at improving the ease of doing business. This initiative, part of the State Action on Business Enabling Reforms (SABER) program, was designed to enhance the business environment across Nigeria. The funds were allocated to help states implement reforms in areas like land administration, investment promotion, and public-private partnerships. The article highlights that these reforms are crucial for economic growth, attracting investments, and reducing bureaucratic hurdles for businesses. It also notes that the distribution of funds was based on the states' commitment and progress in implementing these reforms, with some states like Lagos, Kano, and Kaduna receiving commendations for their efforts.