PEBEC commences 90-day regulatory reform accelerator action plan

The Presidential Enabling Business Environment Council (PEBEC) Secretariat has commenced its 90-day regulatory reform accelerator action plan.

It said the move underscores its commitment to delivering impactful reforms working with the Ministry, Departments, and Agencies (MDAs) to foster a conducive business environment and improve the perception of the ease of doing business in Nigeria.

Special Adviser to the President of PEBEC and Investment, Dr Jumoke Oduwole stated that the 90-day Accelerator aligns with the PEBEC’s Regulatory Reforms Workstream, focusing on eight key indicators designed to deliver measurable growth across industries while institutionalizing MDA-led reforms through BFA 2022 compliance.

According to her, the eight key indicators being actively monitored over the next 90 days include review and update on MDA Service Level Agreements, Track MDA Transparency Reforms, Track MDA Efficiency Reforms, Track Entry & Exit (Airport) Reforms, Track Port Operations Reforms, Facilitate National Single Window Project, AgroExport Reforms and Manufacturing for Export Reforms

Oduwole added that the plan will be implemented in close collaboration with stakeholders, noting that the council will provide regular updates on the Accelerator’s progress.

She further explained that the Action plan will deliver a measurable export-focused impact for productivity and competitiveness across key sectors to improve the Nigerian business environment and support the economic initiatives of this Administration.

However, she stressed the need to approach the next 90 days with a sense of urgency and purpose to rapidly improve Nigeria’s business climate by collaborating with the private sector and demonstrating commitment to the overall well-being of Nigerians, particularly in these challenging times.

“The 90-Day Regulatory Reform Accelerator Action Plan kick-off was preceded by an engagement session on Monday, February 19, 2024, with PEBEC Priority MDA reform champions.

“During this collaborative session, the reform champions were apprised of the 90-day Regulatory Reform Accelerator Action Plan along with performance tracking mechanisms.

“These mechanisms include fortnightly performance tracking meetings and a highly anticipated town hall meeting slated to be hosted by His Excellency the Vice President in Q2 2024,” she said.