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Nairametrics
Home Economy Macros

NCDMB leads as PEBEC releases H1 2023 E01 compliance report

Chike Olisah by Chike Olisah
October 24, 2023
in Macros
NCDMB
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The Nigerian Content Development and Monitoring Board has emerged as the most efficient and transparent government agency, according to the 2023 Half-Year EO1 Compliance Report by the Presidential Enabling Business Environment Council (PEBEC).

In the report released on Monday, NCDMB, the Standards Organisation of Nigeria (SON) and the Nigeria Agricultural Quarantine Service (NAQS) were ranked first, second and third, respectively.

The compliance report was released during a stakeholder sensitization session with Ministries, Departments, and Agencies (MDAs).

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Background

Signed on May 18, 2017, the Executive Order (EO1) aimed at ensuring the continuity and sustainability of the reform interventions. It is now codified under the Business Facilitation (Miscellaneous Provision) Act 2022, which was signed on February 8, 2023, making it legally binding.

PEBEC was established in July 2016 by the Federal Government to oversee Nigeria’s business environment intervention with a mandate to remove bureaucratic and legislative constraints to doing business and improve the perception of the ease of doing business in Nigeria.

The Council is chaired by His Excellency, Vice President Kashim Shettima, GCON.

Through the compliance report, PEBEC fulfils its commitment to track compliance with the Executive Order on promoting Transparency and Efficiency in the Nigerian business environment.

  • Speaking at the session on Monday in Abuja, Dr Jumoke Oduwole, the Special Adviser to the President on PEBEC & Investment, said: “Over the past six years, the PEBEC has consistently published EO1 Compliance Reports, providing an empirical analysis of the monthly reports from MDAs.
  • “An MDA’s EO1 performance score is based on Efficiency and Transparency measures, with a 70% to 30% ratio, respectively.
  • “Efficiency measures compliance with service delivery timelines and directives of the EO1, while Transparency is assessed based on website updates, online service portals, detailed service information, timelines, costs, statutory requirements, and customer service contact details. The latest EO1 Compliance Report covers January 2023 to June 2023.”

Top Five Performers

The top five performers on the rating by PEBEC are NCDMB, SON, NAQS, Nigerian Electricity Management Services Agency (NEMSA) and the Corporate Affairs Commission (CAC).

  • Dr Oduwole added: “The top five performing MDAs during this period are the Nigerian Content Development and Monitoring Board (NCDMB) with an impressive 83.06%, followed by the Standards Organisation of Nigeria (SON) at 82.85%, and the Nigeria Agricultural Quarantine Service (NAQS) ranking third with 69.85%.”

She added that NEMSA and CAC secured the fourth and fifth positions, scoring 67.99% and 64.01%, respectively.

Dr Oduwole also urged the MDAs to leverage the findings in the report for the much-needed improvement in transparency and efficiency of public service delivery to improve the Nigerian business environment.


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Chike Olisah

Chike Olisah

Chike was a banker with over 11 years experience in retail and commercial banking, risk management, treasury portfolio management and relationship management. He also acquired some experience in financial management and do have some special interest in investment analysis and personal finance. He had stints with financial institutions like the former Intercontinental Bank and Fidelity Bank.

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