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Ease of Doing Business Policy and Efficiency of Public Enterprise in Nigeria

Author

Listed:
  • Akujuru, Chukunonye A. (PhD)

    (Department of Political Science, Rivers State University, Port Harcourt, Nigeria.)

  • Enyioko, Newman C. (PhD)

    (Medonice Consulting and Research Institute, Port Harcourt, Nigeria.)

Abstract

The study examined the relationship between ease of doing business policy and efficiency of public enterprise in Nigeria. The population of study consisted of all the people in Nigeria (201,139,589) based on 2016 national population estimate. A sample of 554 respondents was selected from the six geopolitical zones in Nigeria for the study. Descriptive and inferential statistics that were used to analyse data in this study included: percentages, frequency distribution, rating scales, ranking and summations. Pearson’s Product Moment Correlation Co-efficient (r) was used to test the four hypotheses formulated in this study. The study found that to a very large extent ease of doing business policy aids the public enterprises to maintain efficiency and effectiveness in their operations. The study revealed that ease of doing business policy helps the public sector to maintain sustainable development. The study further revealed that ease of doing business policy: Facilitates the entry and exit of goods, defines clear timelines for net exports proceeds forms to be processed by all relevant agencies, enforces the mandatory 3-day timeline for pre-shipment inspection agents to issue clean certificates of inspection, ensures sanctity of contact and enforcement, The study identified the problems hampering ease of doing business policy in Buhari administration as long fiscal dominance by the federal government, economic instability in Nigeria, non-reform in ease of doing business policy in Nigeria to address the constitutional issue of fiscal powers among the three tiers of government, problem of corruption in federal and state governments, inefficient allocation of resources, changing government policies, poor debt management and optimal use of limited resources government, lack of political will on the part of federal government and lack of fiscal indiscipline. From the test of the hypotheses in this study it is obvious and conclusive that: There is significant relationship between ease of registering business and efficiency of public enterprise in Buhari administration, there is no significant relationship between simplifying the mode of paying taxes and efficiency of public enterprise in Buhari administration, there is no significant relationship between access to electricity and efficiency of public enterprise in Buhari administration and there is no significant relationship between port operations and efficiency of public enterprise in Buhari administration. The study, therefore, recommends that government at all levels must develop a strong political will that ensures their commitment to implementing the objectives of ease of doing policy so as to attract foreign investors and a large number of local entrepreneurs’

Suggested Citation

  • Akujuru, Chukunonye A. (PhD) & Enyioko, Newman C. (PhD), 2022. "Ease of Doing Business Policy and Efficiency of Public Enterprise in Nigeria," International Journal of Research and Innovation in Social Science, International Journal of Research and Innovation in Social Science (IJRISS), vol. 6(11), pages 501-522, November.
    • Handle: RePEc:bcp:journl:v:6:y:2022:i:11:p:501-522
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    References listed on IDEAS

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