BY

AMAEFULE UCHECHUKWU ERNEST

1.0 INTRODUCTION

Laws and policies are the life-blood for building a competitive business sector in any country. For there to be a thriving business environment, there should be far-reaching and viable laws and policies to regulate business activities in order to promote competitiveness and efficiency in the business environment. The competitive and burgeoning business environment in Nigeria has made it imperative for laws and policies to play vital roles in not only regulating business activities, but also ensuring that the level of competitiveness in the Nigerian business environment is maintained. This essay intends to accentuate and portray the role of law and policy in driving competitiveness for Nigerian businesses. The essay shall highlight few major laws and policies that are made to promote the needed drive for competitiveness among businesses in Nigeria. It shall also in a nutshell, run through the founding of the African Continental Free Trade Area (AfCFTA) and its major objectives and provisions. The essay shall in the final analysis, show how laws and policies play a vital role in providing a competitive market/business environment for businesses in Nigeria.

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