NECA Commends FG for Establishing PEBEC to Address Regulatory Bottleneck, Enhance Ease of Doing Business

Dike Onwuamaeze

The Nigeria Employers’ Consultative Association (NECA) has commended the federal government for the inauguration of the Presidential Enabling Business Environment Council (PEBEC) Regulators’ Forum in a bid to address regulatory bottlenecks and create a more conducive environment for businesses in Nigeria.

The NECA said that the recent inauguration of the Presidential Enabling Business Environment Council (PEBEC) Regulators’ Forum is a significant step towards eliminating the operational and regulatory challenges that have long beleaguered the private sector.

The Director General of NECA, Mr. Adewale-Smatt Oyerinde, commended the government’s commitment to improving the nation’s business climate.

Oyerinde expressed appreciation for the leadership demonstrated by Vice President Kashim Shettima, who is the chairman of PEBEC, and the comprehensive participation of priority Ministries, Departments, and Agencies (MDAs) in the forum.

He said: “By tackling the bottlenecks and inefficiencies that have stifled business operations for years, the federal government is paving the way for a more dynamic and resilient private sector.

“We are optimistic that this renewed focus on coordination, transparency, and efficiency will translate into tangible benefits for businesses and the economy at large.”  

Oyerinde also lauded the forum’s focus on the Regulatory Impact Assessment (RIA) framework, which promised to enhance the productivity and competitiveness of businesses operating within Nigeria.

He affirmed that NECA would continue to support and collaborate with the PEBEC to ensure that key decisions made during the forum are swiftly implemented.

He said: “As Nigeria continues to pursue economic reforms under the leadership of President Bola Ahmed Tinubu, NECA reiterates its commitment to working with the government and regulatory agencies to ensure that the private sector thrives in a business environment free from unnecessary hindrances.”