Vice President Yemi Osinbajo says that the Federal Government has implemented no fewer than 140 reforms on ease of doing business in the past three years.

Osinbajo said this at the 2nd Presidential Enabling Business Environment Council (PEBEC) Awards 2019 held at the State House Banquet Hall on Wednesday in Abuja.

He said he was delighted to celebrate the phenomenal successes of the PEBEC reforms and recognition of those who made it all possible.

“Our incredibly selfless and committed private sector partners and the sterling performance of many in the public sector; in the past three years, Nigeria has implemented more than 140 reforms to make doing business in Nigeria easier.

“Some of the successful reforms include the ability to reserve a business name within four hours. “Complete the registration of a company within 24 hours online. “Apply for and receive approval of a visa-on-arrival electronically within 48hrs. “File and pay taxes online; and access specialised small claims commercial courts in Lagos and Kano

“The World Bank also reported in 2018 that 32 states of Nigeria improved their Ease of doing business environment led by Kaduna, Enugu, Abia, Lagos and Anambra,” he said. He said that in 2019, PEBEC set a goal to move Nigeria into the top-100 on the 2020 World Bank Doing Business Index (DBI) Osinbajo said that to achieve that, Nigeria would be pursuing the continued implementation reforms across all indicators. He said that the indicators included implementation of legislative reforms, specifically the passage of the new Companies and Allied Matters Act and the Omnibus Bills.

The vice president listed others as the expansion of the regulatory reform program started with NAFDAC and NAICOM to include other regulators; the establishment of a National Trading Platform for ports; and the concession of our major international airports. “PEBEC has now commenced the fourth 60-day National Action Plan (NAP 4.0) on Ease of Doing Business. “NAP 4.0 is running from the 1st of March to the 29th of April, 2019.

It aims to deepen the reforms delivered over the past 3 years and drive institutionalization. “We have highlighted key action items in all of the focus areas to ensure they do not unravel and to ensure we drive sustainability “Some of the targets achieved in the last NAP 3.0 include driving registration for utilization of the National Collateral Registry to facilitate access to credit for SMEs.

“Clearance of all pending NAFDAC registration applications to improve efficiency; and creation of a strengthened single joint cargo examination interface in all airports & seaports for import and export to reduce the time spent at the ports. “NAP 4.0 will focus on initiatives such as enforcing compliance with SLAs across all indicators/focus areas, driving the passage of the CAM Bill 2018 for improved effectiveness of company law in Nigeria,” he said.

He said that other areas of reforms were enhancing efficiency in the small claims court, and enhancing the application and approval system for visas on arrival, to mention a few. According to him, the council will continue to work extensively with all MDAs, the National Assembly and other key stakeholders. In her address, Coordinator PEBEC and Senior Special Assistant to the President on Industry Trade and Investment, Dr Jumoke Oduwole, said the award was to appreciate Ministries, Departments and Agencies(MDAs) which had contributed in the implementation of PEBEC mandate.

She said that the reforms were aimed at reducing bureaucratic bottlenecks and improve perceptions about Nigeria’s business environment.

On his part, Mr Okechukwu Enelamah, the Minister of State for Industry, Trade and Investment, said the award was a landmark in the journey of creating an enabling business environment in Nigeria. He said that PEBEC was a foundation for creating a Nigeria that the citizens deserved.

The awards which came under various categories were also presented to various government agencies and private establishments which had creditably acquitted themselves in terms of reforms in ease of doing business. Notable among the awards was the World Bank’s sub-National Award for the Reformed States in 2018 which went to Anambra, Abia, Lagos, Enugu and the Kaduna States.

Gov. Okezie Ikpeazu of Abia told State House correspondents that he was excited over the award and was dedicating it to God and Abia people. “But I must acknowledge the dark room team– the various ministries and departments and agencies that reformed and reformed quickly.

“This falls in line with our promotion for the Enyimba Economic City, my ambition is to make Abia the investment destination not only in Nigeria but in Africa and the only way to do this is to ensure that the ease of doing business is enhanced in Abia,’’ he said


source: https://citadelng.com/fg-implements-140-reforms-on-ease-of-doing-business-osinbajo/

Nice if they will be adequately implemented and enforced

This man don finally displace Lie Mohamed o

Ok

My own...my very own Abia that is doing " agbataa eke" Governance? God forbid

The truth is that we have far too many entitled facking Sexagenarian morons leading a country of 180 million. People between the ages of 50 and 65 are Nigerias biggest problem, mark my words. They are the aegists putting killer SARS and criminal police on the streets to keep the youth in check.

If Osinbanjo is serious about creating businesses let him hand over a subsidised parastatal to a young qualified business owner.

Empowering people does not mean cutting down the bureacracy that you created in the first place to stifle development and put your cronies into top positions!

Give the youth leading positions, give the youth leaders and examples from within themselves, everyone loves a success story, how many can Osinbanjo name; young people that came from no where and who are now leading teams of young people... How facking many!

Davido, wixkid etc do not speak to or for millions of ambitious Nigerians who are not entertainers! Give us some facking real role models you old git or 'f.a.c.k' off!

Very good development

Hope it is true....

I build websites and I am based in Abuja, see my signature

Useless reforms

Give us light! God started his work with light

Ikpeazu should know that improved road infrastructure will further improve the ease of doing business. His plan to make Enyimba an economic hub cannot materialize if Aba does not have the good road network.

The reforms are so wonderful that Exxon Mobil is planning leaving the country.

Continue with your reforms Sir until we are left with carcass.

This is a nice move.
However, they need to be strategic enough and also should focus more on ensuring proper implementation.
Because the last Ease of doing business ranking I saw, Nigeria was in 169th position, which is terrible for a giant of Africa.

Why can't we aim at single digits? Can't we be in the first 10?

Great also they should sign the electoral reform act

D only thing dat will massively influence ease of doing business in dis country is improving power... All dis paper grammar wey ppl no dey see is jus talk

How effective are they with the state of the economy.

Its been more than a week now, still waiting for my RC number.

Dear Kaduna state Governor @elrufai can we have your Abuja-Kaduna, Kaduna-Abuja itinerary for the year? So we can fix our movements together just to be free from Kidnappers. Feels like the security we need on the road is all beefed up in ur convoy. Signed: Concerned indigene.

impressive

And they keep chasing investors away, on a daily basis.

Meanwhile, Funke Akindele and husband JJC go head on in a dance battle to celebrate husbands 42 Birthday. Watch the party below



https://www.youtube.com/watch?v=tKKK_IRnjuY

good one

We er progressing gradually

We shall get there, hopefully

Meanwhile, children of hate be wishing doom upon this country, and they hope to progress alone in same country.

wailers right now

NotComplaining:
The truth is that we have far too many entitled facking Sexagenarian morons leading a country of 180 million. People between the ages of 50 and 65 are Nigerias biggest problem, mark my words. They are the aegists putting killer SARS and criminal police on the streets to keep the youth in check.

If Osinbanjo is serious about creating businesses let him hand over a subsidised parastatal to a young qualified business owner.

Empowering people does not mean cutting down the bureacracy that you created in the first place to stifle development and put your cromies into top positions!

Give the youth leading positions, give the youth leaders and examples from within themselves, everyone loves a success story, how many can Osinbanjo name; young people that came from no where and who are now leading teams of young people... How facking many!

Davido, wixkid etc do not speak to or for millions of ambitious Nigerians who are not entertainers! Give us some facking real role models you old git or 'f.a.c.k' off!

Bros, Nigerian yoots need to wake up

Nobody is ever going to hand power or too management position to people just because they re yoot.

Unfortunately, most nigerian yoots do not have wat it takes to think out of the box

Okonja Iweala years back, understably said that most Nigerian yoots re not even employable.

Go tru NL and see ow most of them comment

It's all well and good for Osinbajo to talk about these 130 measures his government has already undertaken, but they will count for little until his boss allows for one particular measure to be implemented: the unification of Nigeria's exchange-rates under a single floated value. Buhari's attempts to peg the currency have done nothing but drive away FDI while encouraging rampant corruption through round-tripping, and in any case they fail to treat the main reason why the Naira has woefully depreciated over the years, which is lack of fiscal restraint by various governments, which leads them to print more money than can be backed through productive increases in the real economy.

The current push for a national 30k minimum salary, even as most states are unable to pay the 18k minimum, is a case in point: all it will achieve is to push the inflation rate back upwards, so that in a few years there will be another push for a 70k or 80k minimum, and the cycle repeats itself. What the government ought to be doing is striving to reduce its wage bill, by selling off parastatals and shrinking the workforce in those public agencies which can't be sold: both of these measures will also have the positive side-effect of enhancing the ease of doing business, as fewer government workers means fewer parasites to shake down private entrepreneurs through licenses, permits, etc.

NotComplaining:
The truth is that we have far too many entitled facking Sexagenarian morons leading a country of 180 million. People between the ages of 50 and 65 are Nigerias biggest problem, mark my words. They are the aegists putting killer SARS and criminal police on the streets to keep the youth in check.

If Osinbanjo is serious about creating businesses let him hand over a subsidised parastatal to a young qualified business owner.

Empowering people does not mean cutting down the bureacracy that you created in the first place to stifle development and put your cromies into top positions!

Give the youth leading positions, give the youth leaders and examples from within themselves, everyone loves a success story, how many can Osinbanjo name; young people that came from no where and who are now leading teams of young people... How facking many!

Davido, wixkid etc do not speak to or for millions of ambitious Nigerians who are not entertainers! Give us some facking real role models you old git or 'f.a.c.k' off!

You are just one of those young ones who talk lousily.

With due respect to the few young entreprising Nigerians, would you also say that these people between the ages of 50 and 65 are the ones engaging in rape, internet fraud, cultism, kidnapping, drug abuse, ritual killings, armed banditry etc, across the country?

Whether you like it or not. The youths have so much more to prove than just asking for a generational change. I am sure you read about the 5 young Nigerians who went to rob in the UAE? I mean, they just boarded a plane to Dubai for a robbery operation.

These things aren't by magic. You have to prove yourself. Atleast we have seen the likes Hadiza Usman (MD, NPA), Aishah Ahmed (Deputy Governor, CBN) and others at that very top level of policy making and sector governance.

Young people need a great deal of discipline, preparation and purpose if they must begin to take over key leadership positions in the country, beginning from their families, communities and states.