Foreign Investors and Ease of Doing Business with Ministries, Departments and Agencies (MDAs) in Nigeria

Abstract

Business environment in Nigeria might be a challenge to even foreign investors in Nigeria. This study was an attempt to probe the tauted improvement in ease of doing business in the 21st century Nigeria. Critical research method was adopted to analyze relevant literature information and reports on events around the country. Results show
that foreign investors get frustrated with Nigeria’s brand of ease of doing business. A major setback and deficiency in communication flow between government agencies and foreign investors exists. This impairs conduct of enquires that can lead to decision on launching out to Nigeria with foreign investment. Most Nigerian ministries,
departments and agencies (MDAs), which are repositories of vital investment information, lack functional information communication technology (ICT) facilities, such as telephone lines, website and emails. Less than 30 percent of MDAs have functional website and emails in Nigeria. The study recommends ways MDAs overcome their
communication challenges.