Professional Service

FG Concludes Regulatory Reform Initiative To Boost Businesses

The Special Adviser to the President on Ease of Doing Business, Jumoke Oduwole, said the reforms concentrated on eight key indicators, including reviewing and updating service level agreements.

Oduwole said others are transparency reforms, efficiency reforms, entry and exit (Airport) reforms, port operations reforms, national single window project facilitation, agro-export reforms, and manufacturing for export reforms.

The News Agency of Nigeria (NAN) reports that the initiative is a 90-day programme, which started on Feb. 20 and terminated on May 20. NAN also reports that the Vice President and Chair of PEBEC, Kashim Shettima, granted a 30-day extension period to enable Ministries, Departments and Agencies (MDAS) to intensify their reform efforts.

According to Oduwole, this is due to the sub-optimal performance of Ministries, MDAs and the sluggish completion of reform. The extension period ends at midnight on June 19.

“These reforms operationalise earlier codified provisions in the Business Facilitation Act 2022 and directly impact the productivity and competitiveness of Nigeria’s economy. With the success of this final sprint, vice-president Shettima is set to host the inaugural PEBEC Townhall Meeting on June 28.”

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