The Bank of Industry (BoI), Nigerian Export Processing Zones Authority (NEPZA) and the Nigerian Upstream Regulatory Commission (NUPRC) have been ranked low in business facilitation by the Presidential Business Enabling Environment Council (PEBEC) for the first half of 2024.
The three agencies are among 11 agencies who could not score up to 50 per cent in business facilitation as enshrined by the Business Facilitation Act 2022. The Business Facilitation Act (BFA 2022) says all MDAs must provide comprehensive information about its charges, timelines, terms, and prerequisites for obtaining permits, licenses, and approvals, adding that the information should be readily available in their physical facilities, on official websites and through service portals.
A breakdown of the agencies who ranked low by Daily Trust shows that the Nigerian Export Processing Zones Authority (NEPZA) scored (48.3%), the Nigerian Upstream Regulatory Commission NUPRC (46.9%), the Nigerian Broadcasting Commission (34.7%), the Oil and Gas Free Zones Authority (30.1%) and Bureau for Public Procurement (24.1%).
Others include Bank of Industry (23.7%), Joint Tax Board (23.1%), SERVICOM (15.6%) National Sugar Development Council (15.3%), Nigeria Airspace Management Agency (13.9%) and the least being Trademark Registry (9.6%).
