Friday,
February 02, 2018 4.00PM / Proshare WebTV
As part of its commitment to driving the process of an enabling
environment for businesses in Nigeria, the Federal Government is set to kick
off another 60-day third phase of the National Action Plan on Ease of Doing
Business from February 5th, 2018.
On Wednesday, January 31st, 2018 the Vice-President Prof. Yemi
Osinbajo, SAN Chaired the first Presidential Enabling Business Environment
Council (PEBEC) for the year 2018.
The 1st and 2nd National Action Plan on the Ease of
Doing Business, coordinated by the Vice-President’s Office, which saw reforms
on processes and permits in the government saw an improvement in Nigeria’s
ranking in the World Bank’s 2018 Doing Business Index, as Nigeria moved 24 places from 168 to 142, which exceeded the target
of the Ease of Doing Nigeria unit responsible for delivering the mandate of PEBEC.
The 1st National Action Plan (February 21 to April 21,
2017) reformed the Corporate Affairs Commission processes reducing the number
of days required to incorporate a business, Simplified Visa-on-Arrival
process, Immigration regulation 2017, amongst others.
For the 2nd National Action Plan (October 3 to December
1, 2017) the focus was deepening the reforms implemented across Ministries,
Departments and Agencies which will drive productivity, boost industrialization
that will create jobs and reduce poverty.
The Ease of Doing Business Office led by Dr Jumoke Oduwole(SSA to
the Vice-President on Trade and Investments) has been working extensively in
engaging public and private sector stakeholder in the country, on various
reform steps required to provide
a favourable business climate in the country.
Interestingly,
the Ease of Doing Business has seen an effective collaboration between
Presidency and the National Assembly through
legislative bills and action plans.
It should be recalled that in May
2017, Vice-President, Prof Yemi Osinbajo signed an Executive Order on the Ease
of Doing Business which mandates all Federal Government ministries, agencies
and departments to henceforth publish a complete list of all requirements or
conditions for obtaining products and services within their scope of their
responsibility. This, it explained, will include permits, licenses, waivers,
tax-related processes, filings and approvals.
According to the Executive Order
"the list shall include all fees and timelines required for the processing
of applications for the products and services; and be conspicuously pasted
on the premises of the relevant MDA and published on its website within 21
days from the date of issuance of this order," the statement said. It
further put the responsibility of verification of the list on the heads of the
ministries and departments.
The 3rd National Action
Plan is expected to leverage on the ongoing reforms and strengthen the Ease of
Doing Business frameworks adopted across MDAs and even take them to the
frontiers of the States in the nation.
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