PEBEC Commences 90-day Regulatory Reform Accelerator Action Plan

Folalumi Alaran in Abuja

The Presidential Enabling Business Environment Council (PEBEC) Secretariat has commenced its 90-Day Regulatory Reform Accelerator Action Plan that underscores PEBEC’s commitment to deliver impact ful reforms working with Ministry, Departments, and Agencies (MDAs) to foster a conducive business environment and improve the perception about the ease of doing business in Nigeria.

The 90-Day Regulatory Reform 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.

Special Adviser to the President on PEBEC and Investment, Dr. Jumoke Oduwole stated that the 90 day Accelerator will deliver 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

She emphasized 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 wellbeing 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.

The eight key indicators which are 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 The plan will be implemented in close collaboration with stakeholders, and the PEBEC will provide regular updates on the Accelerator’s progress.

The Presidential Enabling Business Environment Council (PEBEC) was established in July 2016 by the Federal Government to oversee Nigeria’s business environment intervention and Is a top priority of His Excellency, President Bola Ahmed Tinubu GCFR, in line with the 8-point renewed hope agenda of this Administration.

The 3rd cohort of the Counal was inaugurated on November 16, 2023, with 24 members from all arms and levels of government, and is chaired by His Excellency, Vice President Kashim Shettima