Investment Policy Monitor
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the quarterly Investment Policy Monitor (since 2009) and the UNCTAD-OECD Reports on G20 Measures.
In 2011, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2000 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for growth and development.
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Note: the policy measures are identified through a systematic review of government and business intelligence sources. Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.
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- Nigeria - Executive Order on the Promotion of Transparency and Efficiency in the Business Environment
Nigeria
Executive Order on the Promotion of Transparency and Efficiency in the Business Environment
18 May 2017The Executive Order, which was signed by the Acting President on 18 May 2017, instructs all ministries, departments, and agencies (MDAs) of the federal government to publish a complete list of all requirements or conditions for obtaining products and services within the MDA’s scope of responsibility (including permits, licenses, waivers, tax related processes, filings and approvals) on their websites within 21 days of the issuance of the Order. Also, it places responsibility on Heads of MDAs to ensure that the list is verified and kept up-to-date at all times. In the published list, MDAs must state the stipulated time in getting an approval. Any application for permits, registration or licenses not approved or rejected within the stipulated time is deemed approved.
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Type:
- Promotion and facilitation (Investment facilitation )
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Industry:
- Not industry specific
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Sources:
- Budget Office of the Federation - Federal Republic of Nigeria, Executive Order - Efficiency and Transparency in Business Environment , http://www.budgetoffice.gov.ng/index.php/resources/internal-resources/executive-order, 18 May 2017
- Techpoint, How the new Executive Orders will affect tech-enabled businesses in Nigeria, https://techpoint.ng/2017/05/22/nigeria-executive-orders-tech-businesses, 22 May 2017
- PricewaterhouseCoopers, Nigeria Highlights of executive orders on ease of doing business, www.pwc.com/ng, 19 May 2017
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UNCTAD has been collecting information on changes in national foreign direct investment (FDI) policies on an annual basis since 1992. This collection has provided input to the analysis of global and regional investment policy trends in the World Investment Report, the quarterly Investment Policy Monitor (since 2009) and the UNCTAD-OECD Reports on G20 Measures.
In 2011, to further strengthen the quality of reporting, UNCTAD revised the methodology of monitoring investment policy measures. and revised the measures going back to 2000 accordingly.
The Investment Policy Monitor provides the international investment community with country-specific, up-to-date information about the latest developments in foreign investment policies.
Through its monitoring of investment policy changes, UNCTAD offers cutting-edge and innovative contributions to investment policy discourse, and contributes to preparing the ground for future policymaking in the interest of making foreign investment work for growth and development.
-
Note: the policy measures are identified through a systematic review of government and business intelligence sources. Measures are verified, to the fullest extent possible, by referencing government sources. The compilation of measures is not exhaustive.
Disclaimer: the boundaries and names shown and the designations used on this map do not imply official endorsement or acceptance by the United Nations.