Inclement Business Regime in Nigeria: Removing Persistent Legal and Bureaucratic Bottlenecks

The Nigerian Federal Government, towards improving its poor performance in easing the process of doing business and attracting Foreign Direct Investment, set up a committee known as Presidential Enabling Business Environment Council (PEBEC) to promote the World Bank's Ease of Doing Business index and grow the nation's economy. The objective of this article is to assess the mediating roles of PEBEC in order to expose persistent legal and bureaucratic bottlenecks buffeting the clemency of business transactions in Nigeria. The exigency of this journal recommends legal and administrative actions in removing the investment bottlenecks and placing Nigeria among the advanced economies in the world.