Trade Modernisation Project as tool to combat trade-related corruption
By Martha Agas
Generally, one menace countries seeking to facilitate ease of doing business to generate revenue, especially through direct foreign investment, face, is corruption along the chain of service delivery.
Analysts have, thus, argue that the first step to boost international trade is to deal with corruption and other sharp practices that could hurt investors’ confidence.
They have always emphasised the need for transparency, accountability and the need to establish deep trust, particularly in global trade.
Analysts believe that a deep trust in the trade operations processes will encourage and attract investors to the country, with their activities boosting the country’s economic profile and facilitating implementation of more developmental projects.
Even though the World Bank’s Annual Ease of Doing Business Report states that Nigeria has greatly improved in the ease of doing business,…
Source: News Agency of Nigeria
