The World Bank has said the recently released result of its study on doing business in Nigeria should not be seen as guide for investors  but only as a window to stimulate reforms where weaknesses are noticed.

Mr. Williams Kingsmill, the Special Assistant to Dr Oby Ezekwezili, the African Vice President of the World Bank disclosed this when the Bank visited Ogun State to understudy the workings of the State’s Free Trade Zones.

Kingsmill said while the doing business paradigm was important, it should not be used as guidebook by investors, saying categorically that investors decision should not be based on it. He said the efficiency of public expenditure, the state government concern with education development, employment generation and transparency are key in the developmental processes that should be encouraged and institutionalized.

He said the World Bank was committed to the economic agenda which the Ogun State Government was pursuing, stating that the creation of enabling business environment, expansion of economic base and job opportunities are critical measures of development. He said his team was in Ogun to learn from the state about the conception of the free trade zones and understudy its workings.

He admitted that the World Bank does not have all the answers in Washington, saying the officials are open to learning  and replicating best practices wherever found. He described the Ogun State economic agenda as ambitious and workable. He promised the support and co-operation of the Bank.