IDEAS home Printed from https://ideas.repec.org/a/bcp/journl/v6y2022i11p501-522.html
   My bibliography  Save this article

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
    as

    Download full text from publisher

    File URL: https://www.rsisinternational.org/journals/ijriss/Digital-Library/volume-6-issue-11/501-522.pdf
    Download Restriction: no

    File URL: https://www.rsisinternational.org/virtual-library/papers/ease-of-doing-business-policy-and-efficiency-of-public-enterprise-in-nigeria/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Dr. Nihal Bayraktar, 2015. "Importance of Investment Climates for Inflows of Foreign Direct Investment in Developing Countries," Business and Economic Research, Macrothink Institute, vol. 5(1), pages 24-50, June.
    2. Adrian Corcoran & Robert Gillanders, 2015. "Foreign direct investment and the ease of doing business," Review of World Economics (Weltwirtschaftliches Archiv), Springer;Institut für Weltwirtschaft (Kiel Institute for the World Economy), vol. 151(1), pages 103-126, February.
    3. Steven Globerman & Daniel Shapiro, 2003. "Governance infrastructure and US foreign direct investment," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 34(1), pages 19-39, January.
    4. Milan Sedmihradsky & Stanislav Klazar, 2002. "Tax Competition for FDI in Central-European Countries," CESifo Working Paper Series 647, CESifo.
    5. D Sethi & S E Guisinger & S E Phelan & D M Berg, 2003. "Trends in foreign direct investment flows: a theoretical and empirical analysis," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 34(4), pages 315-326, July.
    6. David M. Kemme & Alex Nikolsko-Rzhevskyy & Deepraj Mukherjee, 2014. "Foreign Capital, Spillovers and Export Performance in Emerging Economies: Evidence from Indian IT Firms," Review of Development Economics, Wiley Blackwell, vol. 18(4), pages 681-692, November.
    7. Andreia Olival, 2012. "The influence of Doing Business’ institutional variables in Foreign Direct Investment," GEE Papers 0048, Gabinete de Estratégia e Estudos, Ministério da Economia, revised Dec 2012.
    8. Ruiz, Francisco & Cabello, José M. & Pérez-Gladish, Blanca, 2018. "Building Ease-of-Doing-Business synthetic indicators using a double reference point approach," Technological Forecasting and Social Change, Elsevier, vol. 131(C), pages 130-140.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Haliti Bersan & Merovci Safet & Hetemi Alban & Sherpa Sanjib, 2019. "The Impact of the Ease Doing Business Indicators on Foreign Direct Investment in the European Transition Economies," Ekonomika (Economics), Sciendo, vol. 98(2), pages 19-32, December.
    2. Bersan Haliti & Safet Merovci, 2020. "The Impact of the Investment Environment on Foreign Direct Investment (FDI) in the European Transition Economies," Economic Alternatives, University of National and World Economy, Sofia, Bulgaria, issue 1, pages 138-147, March.
    3. Ghulam Ghouse & Aribah Aslam & Muhammad Ishaq Bhatti, 2021. "Role of Islamic Banking during COVID-19 on Political and Financial Events: Application of Impulse Indicator Saturation," Sustainability, MDPI, vol. 13(21), pages 1-17, October.
    4. Joseph A Clougherty & Michał Grajek, 2008. "The impact of ISO 9000 diffusion on trade and FDI: A new institutional analysis," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 39(4), pages 613-633, June.
    5. Andrew G Ross & Maktoba Omar & Anqi Xu & Samikshya Pandey, 2019. "The impact of institutional quality on Chinese foreign direct investment in Africa," Local Economy, London South Bank University, vol. 34(6), pages 572-588, September.
    6. Assi Okara, 2018. "Developing inclusive economic institutions in South countries: The role of FDI," CERDI Working papers halshs-01845085, HAL.
    7. Chidlow, Agnieszka & Holmström-Lind, Christine & Holm, Ulf & Tallman, Steve, 2015. "Do I stay or do I go? Sub-national drivers for post-entry subsidiary development," International Business Review, Elsevier, vol. 24(2), pages 266-275.
    8. Nielsen, Bo Bernhard & Asmussen, Christian Geisler & Weatherall, Cecilie Dohlmann, 2017. "The location choice of foreign direct investments: Empirical evidence and methodological challenges," Journal of World Business, Elsevier, vol. 52(1), pages 62-82.
    9. Geert Bekaert & Campbell R Harvey & Christian T Lundblad & Stephan Siegel, 2014. "Political risk spreads," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 45(4), pages 471-493, May.
    10. Zwinkels, Remco C.J. & Beugelsdijk, Sjoerd, 2010. "Gravity equations: Workhorse or Trojan horse in explaining trade and FDI patterns across time and space?," International Business Review, Elsevier, vol. 19(1), pages 102-115, February.
    11. Xinbei Qian & Dexue Liu & Liangxiong Huang & Hanchao Li, 2022. "Distance of doing business and outward foreign direct investment: An empirical study of China," Review of Development Economics, Wiley Blackwell, vol. 26(3), pages 1411-1437, August.
    12. Dimitra Mitsi & Constantina Kottaridi, 2022. "Fiscal and non-fiscal institutional context effects and foreign direct investment: empirical evidence in developing countries," SPOUDAI Journal of Economics and Business, SPOUDAI Journal of Economics and Business, University of Piraeus, vol. 72(1-2), pages 11-33, January-J.
    13. Qian, Xinbei & Huang, Liangxiong & Wang, Xianbin & Wang, Shuqi, 2022. "Detecting pivotal countries of China's OFDI in the “Belt and Road” initiative: The perspective of similarity of doing business," International Review of Economics & Finance, Elsevier, vol. 77(C), pages 296-311.
    14. Helmi Hammami & Moez Hammami & Siriki Coulibaly & Mariem Marzouk, 2020. "Determinants of FDI attractiveness: A MCI model approach," Economics Bulletin, AccessEcon, vol. 40(2), pages 1033-1048.
    15. Joey Pek U Sou & Thea Vinnicombe, 2023. "Does governance quality matter for FDI-led tourism development? A supply-side perspective," Tourism Economics, , vol. 29(2), pages 392-408, March.
    16. Donnelly, Róisín & Manolova, Tatiana S., 2020. "Foreign location decisions through an institutional lens: A systematic review and future research agenda," International Business Review, Elsevier, vol. 29(4).
    17. Liu, Bofan & Guo, Ruifei, 2025. "Can the development of e-government make local enterprises more attractive to foreign capital: Empirical evidence from the performance of Chinese local government websites," Research in International Business and Finance, Elsevier, vol. 74(C).
    18. Maja Nikšić Radić & Daniel Dragičević & Marina Barkiđija Sotošek, 2019. "Causality between Terrorism and FDI in Tourism: Evidence from Panel Data," Economies, MDPI, vol. 7(2), pages 1-19, May.
    19. Joseph A. Clougherty & Jin Uk Kim & Bradley R. Skousen & Florian Szücs, 2017. "The Foundations of International Business: Cross-Border Investment Activity and the Balance between Market-Power and Efficiency Effects," Journal of Management Studies, Wiley Blackwell, vol. 54(3), pages 340-365, May.
    20. Xie, Qing & Yin, Hua, 2024. "Business environment and the choice of entry mode of OFDI: Evidence from China," Journal of Asian Economics, Elsevier, vol. 92(C).

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bcp:journl:v:6:y:2022:i:11:p:501-522. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Dr. Pawan Verma (email available below). General contact details of provider: https://rsisinternational.org/journals/ijriss/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.