PEBEC approves 60-day action plan on Doing Business in Nigeria


Wednesday, February 22  2017, 11.30am/Presidency

As part of its commitment to achieving its objective of creating a conducive business environment in Nigeria, the Presidential Enabling Business Environment Council (PEBEC) chaired by Acting President Yemi Osinbajo, SAN has approved a 60-day national action plan to push through short term reforms.

The Acting President, who addressed journalists after the Council’s meeting attended today by the Senate President, Dr Bukola Saraki and Speaker of the Federal House of Representatives, Rt. Hon. Yakubu Dogara at the State House, said the Council will within the stipulated period focus on areas that will not only deliver tangible changes for SMEs but also help improve Nigeria’s entire business environment within the shortest possible time.  

According to Prof. Osinbajo, “we are trying to improve the business environment in three broad respects; the entry and exit of goods; entry and exit of persons into Nigeria, and then general government transparency- transparency and efficiency in government agencies, parastatals”.

He said “The whole idea is that we are able to provide an environment for those who want to do business in Nigeria- local businesses and of course, foreign businesses.’’

The Acting President noted that the participation of National Assembly’s leadership at Tuesday’s meeting was to “work together, trying to improve the business environment in Nigeria.’’

Prof. Osinbajo said the renewed synergy with the legislature was to ensure that all the necessary legislations relating to the reforms were passed by the National Assembly.

Osinbajo said: “There are pieces of legislations that we are also looking forward to seeing. We are working together with the National Assembly to ensure that these pieces of legislations are passed”.

He added that the expected outcome of the new plan will be noticeable in improvements in all the key areas of government that facilitate trade and commerce in the country. According to him, “there are improvements which we expect to see at our ports. Improvements at our airports,  improvements at the seaports, improvements in immigration visas etc”.

On the issue of specific targets and timelines “the set timelines in the action plan were to ensure that we are not just speaking about these things without necessarily tying ourselves down to specific timelines.’’

Senate President, Dr. Bukola Saraki  in his remaeks stressed the importance of the executive/legislature collaboration in creating a conducive business environment for both local and foreign businesses in Nigeria.

The senate president, who commended the efforts of the executive, said the National Assembly would look into some of the issues that it could to improve the business environment in the country.

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