Business

PEBEC moves to further address challenges facing SMEs, businesses

In line with the commitment to deliver reforms aimed at improving the enabling environment for doing business in Nigeria through systemic interventions, the Presidential Enabling Business Environment Council (PEBEC) has commenced the fourth 60-day National Action Plan (NAP 4.0) on Ease of Doing Business (EoDB).

This development was contained in a statement signed by Senior Special Assistant to the President on Industry, Trade and Investment, Dr. Jumoke Oduwole, and was obtained by The Daily Times on Tuesday.

The NAP 4.0, which will run from the 1st of March to the 29th of April, 2019 aims to further reduce the challenges encountered by SMEs and businesses in identified areas of focus such as starting a business, getting credit, paying taxes, enforcing contracts or trading within and across borders, amongst others, by eliminating critical bottlenecks and constraints to doing business in Nigeria.

The first, second and third National Action Plans on Ease of Doing Business, which were coordinated by Enabling Business Environment Secretariat (EBES) of the Council, have resulted in significant progress over the past 3 years.

Working on collaborations with the ministries, departments and agencies (MDAs), the fourth National Action Plan is anticipated to strengthen these ongoing reforms, and improve the Ease of Doing Business frameworks adopted.

The Honourable Minister for Industry, Trade & Investment and line minister for the intervention, Dr Okey Enelamah said, in the statement said, “The NAP 4.0 has been launched to deepen the reforms delivered and drive institutionalization. We have highlighted key action items in each of the focus areas to ensure the reforms delivered do not unravel, and to ensure we drive sustainability.”

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Ihesiulo Grace

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