The Federal Government, through the Presidential Enabling Business Environment Council (PEBEC), is looking to improve its ease of doing business strategies. To this effect, a subnational tour to six geopolitical zones in the country has been outlined to take place. It is aimed at highlighting key economic reforms as it affect businesses in the country.
The essence of the project tagged, ‘Lituation’ is to provide a platform for smooth collaboration between entrepreneurs and other industry stakeholders.
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The Details: The Special Adviser to the President on Ease of Doing Business, Dr Jumoke Oduwole, noted that the tour is expected to focus on economic reforms engineered by the council since July 2016. Reeling the council achievements, Oduwole said that they had successfully implemented over 140 reforms designed to make business easier for Micro, Medium and Small Enterprises, which account for 90% of registered businesses in Nigeria. This figure, according to her, contributes nearly 50% of the Country’s Gross Domestic Product (GDP).
“This programme, for us, presents itself as a need to deliver measurable results and impact in the improvement of regulatory, bureaucratic and legislative environments for businesses operating in Nigeria, particularly Micro, Small, and Medium Enterprises, so that they not only thrive but are able to compete favourably with its counterparts globally.
“Nigeria has moved up 24 unprecedented places on the World Bank’s Doing Business Index Rankings since PEBEC began reforms in 2017, an attestation to the improved business environment,” she said.
Oduwole also added that the Council would continue to boost its ease of business strategies through the Listen, Implement and Track subnational tour. She also pledged to continually remove constraints, hindering ease of business.
Recently, Vice President, Yemi Osinbajo reaffirmed the commitment of the Federal Government to ensuring ease of business in Nigeria. He asked other states to partner with the Federal Government to ensure businesses run smoothly in Nigeria.