The Federal Government has assured the international community and potential investors that the benefits of doing business in Nigeria outweigh the challenges.

President Muhammadu Buhari gave the assurance yesterday in Abuja at 42nd Technical Conference of the Commonwealth Association of Tax Administrators (CATA).

Buhari who was represented by the Secretary to the Government of the Federation (SGF) Mr. Boss Mustapha said Nigeria is a safe and conducive destination for doing business with potentials for investment opportunities.

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Buhari noted that his administration has deliberately taken strategic steps to create a conducive environment for business activities to thrive and encourage foreign direct investment.

Specifically, the President stated that “the implementation of our ease of doing business programmes monitors all indices of doing businesses in Nigeria with a view of removing frauds that are potentially employed in the way of economic progress”.

While inviting foreign investors to the country, Buhari urged them to “come and do business in Nigeria, and I am sure you that those who have already acquainted themselves with identified challenges will testify that the benefits outweigh the challenges”.

Speaking to tax matters directly, President Buhari said “it is no longer news that rapid advancement in science and technology have led to the evolution of communication channels that have reduced distinct barriers in trade to the bare minimum”.

He noted that the “digitalization of businesses has increased purchasing power and ensured that remote access to goods and services has grown”.