Nigeria’s Vice President Calls for Enhanced Synergy and Technological Adoption to Boost Business Environment

Vice President Kashim Shettima of Nigeria has urged stronger collaboration and technological integration among stakeholders in both the public and private sectors to further improve the business landscape in the country. This call was made in Abuja on Tuesday as the Presidential Enabling Business Environment Council (PEBEC) initiates its 90-day Regulatory Reform Accelerator Action Plan.

The action plan underscores the commitment of President Bola Tinubu’s administration to implement impactful reforms in collaboration with Ministries, Departments, and Agencies (MDAs) to foster a conducive business environment and enhance the perception of ease of doing business in Nigeria.

During the second PEBEC meeting chaired by the Vice President at the Presidential Villa Abuja, it was emphasized that robust engagement among stakeholders and the adoption of relevant technology would help address bottlenecks faced by operators at the nation’s entry points and in business regulation.

The 90-Day Regulatory Reform Accelerator focuses on eight key indicators aimed at delivering measurable growth across industries and institutionalizing MDA-led reforms through compliance with the Business Facilitation Act (BFA) 2022.

Key indicators include reviewing and updating MDA Service Level Agreements, tracking MDA transparency and efficiency reforms, monitoring entry and exit (airport) reforms, facilitating the National Single Window Project, and reforms in agro-export and manufacturing for export.

PEBEC will collaborate closely with stakeholders to implement the plan and will provide regular updates on its progress.

Dr. Jumoke Oduwole, Special Adviser to the President on PEBEC and Investment, emphasized the need for urgency and purpose in approaching the next 90 days to rapidly improve Nigeria’s business climate. She highlighted the importance of collaborating with the private sector to support economic initiatives, especially during challenging times.

The kickoff of the 90-Day Regulatory Reform Accelerator Action Plan was preceded by an engagement session with PEBEC Priority MDA Reform Champions. The meeting was attended by representatives from various sectors, including Justice Tijjani Abubakar, Senate Committee Chairman Sen Sadiq Umar, and several ministers.

Quest: Cris-Edesiri Odjomah

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