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Osinbajo: Conducive Business Environment Vital For Economic Growth - Politics - Nairaland

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Osinbajo: Conducive Business Environment Vital For Economic Growth by Odewaleadesoye(m): 7:42pm On Jan 20, 2021
In a renewed attempt at further deepening the reforms of the nation’s business environment, the Presidential Enabling Business Environment Council, PEBEC, has resolved that CEOs and Heads of some Federal Government regulatory agencies be presented with the outcome of a recent survey that exposes major pitfalls in the operations of the agencies.

The Cost of Compliance Report which was presented to the Council at its first virtual meeting of the year on Tuesday revealed persistent corruption, the duplicity of functions, poor service orientation, and several anti-business disposition in some of the regulatory agencies.

Vice President Yemi Osinbajo, SAN, who presided over the meeting directed that CEOs and heads of such government regulatory agencies involved should be presented with the outcomes and interaction should take place regarding some of the worrying disclosures in the report of the survey conducted by Pricewaterhouse Coopers, PwC.

Prof Osinbajo who said the report revealed human issues that are not unavoidable, stressed the important roles regulatory agencies play in ensuring businesses are able to thrive seamlessly without inhibition. He noted that doing otherwise would only jeopardize the government’s efforts in creating a conducive business environment.

He stated that “if the environment on account of regulatory authorities is so difficult or expensive, such that people are discouraged or it doesn’t make sense for people to do business, then we are shooting ourselves in the foot in a manner we can only blame ourselves. These are human issues and we must do something very serious about these issues.”

Speaking further about holding those responsible for the major lapses to account, the Vice President said, “I am in full support of holding our CEOs to account because they, in turn, must hold their staff to account. If there is systemic corruption, bribery and extortion, and nobody is held to account, there is a problem.”

According to Prof Osinbajo, the plans of the Federal Government in growing the economy and changing the lives and livelihood of Nigerians for the better is largely dependent on the business environment in which they operate.

“Every one of our plans around sustaining economic growth, improving job creation and opportunities, whatever it is that we plan to do to make life better for the citizens, depends entirely on the environment in which people have to do business.

“It determines whether they will invest their resources, expand their businesses, and it just determines practically everything.”

Others present at the PEBEC meeting yesterday include the Ministers of Industry Trade and Investment, Otunba Niyi Adebayo, the Vice Chairman of PEBEC; Finance, Budget and National Planning, Hajiya Zainab Ahmed; Transportation, Mr Rotimi Amaechi; Information, Alhaji Lai Mohammed; Interior, Ogbeni Rauf Aregbesola; Budget and National Planning (State), Clem Abga; Special Adviser on Ease of Doing Business, Dr Jumoke Oduwole, and Senator Aishatu Dahiru Ahmed, representing the National Assembly among other top government officials and representatives from PwC.

Members of PEBEC also condoled with Dr Oduwole on the death of her father, former Vice-Chancellor of the Lagos State University, Prof. Afolabi Olumide who passed away recently. Otunba Adebayo who spoke on behalf of PEBEC prayed that God will grant the Council Secretary and the entire family the fortitude to bear the loss.

https://www.vanguardngr.com/2021/01/conducive-business-environment-vital-for-economic-growth-%e2%80%95-osinbajo/

2 Likes

Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by dovetark: 4:41am On Jan 21, 2021
Please just start with power. That's all! Get this simple thing right. African Giant.

Anyway my own contribution to a conducive business environment is a free website design class. But the wahala is internet subscription. Mr VP please also look at the cost of the internet. We need to improve accessibility. Check my signature.

1 Like

Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by yerokunphilips: 4:42am On Jan 21, 2021
Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by saheedbadmus(m): 4:42am On Jan 21, 2021
Hm long epistle but I definitely agree with CEOs being held to account for major lapses ..
Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by 777ForChrist: 4:42am On Jan 21, 2021
This man should be taken for mental evaluation, he is sick upstairs.

9 Likes 1 Share

Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by Nobody: 4:42am On Jan 21, 2021
Pastor talkative

7 Likes

Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by Abovebest(m): 4:42am On Jan 21, 2021
A conducive business environment
Begins with a stable power supply
Security for the people
A good road network
And support from the government

10 Likes

Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by BennyDGreat: 4:43am On Jan 21, 2021
Implement...Implement...Implement....Just Implement!

1 Like

Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by Oris4show(m): 4:44am On Jan 21, 2021
Implement all this while without action
Smh
Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by Isobug: 4:45am On Jan 21, 2021
Who doesn't know?

Please, this is not what we want. We want developmental projects not all these your public administration

6 Likes

Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by IKUBABAYEYE001: 4:46am On Jan 21, 2021
A vital point made by the Vice President here. Regulatory Agencies should always note that they are not revenue generating agencies. Heads of these bodies should always know where to draw the line.

3 Likes

Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by Houseofglam7(f): 4:46am On Jan 21, 2021
undecided
Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by IKUBABAYEYE001: 4:48am On Jan 21, 2021
777ForChrist:
This man should be taken for mental evaluation, he is sick upstairs.

How does your comment add value to the subject matter discussed in this post. You need the mental evaluation that any other person.

2 Likes

Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by ATEAMS: 4:55am On Jan 21, 2021
True that
Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by okefranci: 4:58am On Jan 21, 2021
Condusive business environment matters alot because if the environment on account of regulatory authorities is so difficult or expensive, such that people are discouraged or it doesn’t make sense for people to do business, then we are shooting ourselve.
Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by Naturopathic: 4:59am On Jan 21, 2021
This is 100% true and it will encourage the investors as well
Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by gambia(m): 5:03am On Jan 21, 2021
Talk is cheap, keep deceiving your gullible followers. Nonsense and ingredients

1 Like

Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by Sabawaleklazik(m): 5:03am On Jan 21, 2021
story
Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by lexy2014: 5:14am On Jan 21, 2021
IKUBABAYEYE001:
A vital point made by the Vice President here. Regulatory Agencies should always note that they are not revenue generating agencies. Heads of these bodies should always know where to draw the line.

Who is he making d vital point for?
Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by lexy2014: 5:15am On Jan 21, 2021
Naturopathic:
This is 100% true and it will encourage the investors as well

Is it d truth of what he said that will encourage investors or d implementation of d truth?
Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by lexy2014: 5:17am On Jan 21, 2021
BennyDGreat:
Implement...Implement...Implement....Just Implement!

Part of Osinbajos job is to be giving us lectures and reminding Nigerians of what his govt is supposed to be doing as if it is Nigerians that ought to do it

1 Like

Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by Nobody: 5:19am On Jan 21, 2021
Like a brother up there said, start with power..
I was thinking one of these government would just channel 1 or 2yrs into energy to make sure we have 24hrs power supply.
We can't have 24hrs power supply and the country's economy won't take a drastic good turn...
But for the corruption that has eaten deep into the fabrics of these theives, they won't...

Ordinary make nepa allow me draw light make I take power only freezer start frozen foods, they gave me bill of almost 50k..
Na so I take forget about the business cos I know their per month billing go be cut throat..

Nepa and government killing business dreams since time immemorial..

2 Likes

Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by Yankee101: 5:24am On Jan 21, 2021
Tell buhari and his fulani brothers

2 Likes

Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by TheRareGem1(f): 5:27am On Jan 21, 2021
Our agencies should shun sharp practices, government should ensure there are checks and balances and also regulatory policies that will further help to strengthen conducive Business Environment for Nigerians to make economy grow and prosper.
Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by Kelvinprinzyy(m): 5:45am On Jan 21, 2021
Talk talk party
Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by KingsCity: 5:50am On Jan 21, 2021
Everyone knows that

Question is do we have conducive business environment in Nigeria?

Boko Haram is still ravaging North East, and is this conducive?

Bandits are in charge in North West, is this conducive?

In security everywhere is conducive?
Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by maestro299: 5:52am On Jan 21, 2021
southniyikaye:
Like a brother up there said, start with power..
I was thinking one of these government would just channel 1 or 2yrs into energy to make sure we have 24hrs power supply.
We can't have 24hrs power supply and the country's economy won't take a drastic good turn...
But for the corruption that has eaten deep into the fabrics of these theives, they won't...

Ordinary make nepa allow me draw light make I take power only freezer start frozen foods, they gave me bill of almost 50k..
Na so I take forget about the business cos I know their per month billing go be cut throat..

Nepa and government killing business dreams since time immemorial..
50 grand ke? How big is the business building and what state was it in?
Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by Nobody: 5:54am On Jan 21, 2021
maestro299:
50 grand ke? How big is the business building and what state was it in?
ibadan o.. Just to power 230 litre freezer

1 Like

Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by maestro299: 6:02am On Jan 21, 2021
southniyikaye:
ibadan o.. Just to power 230 litre freezer
That's too much na... How much go come be your gain after all the bills and business expenses?

1 Like

Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by PHijo(m): 6:03am On Jan 21, 2021
The environment you and Buhari refused to create in the last 6 years!

1 Like

Re: Osinbajo: Conducive Business Environment Vital For Economic Growth by Djyucee1(m): 6:26am On Jan 21, 2021
We know, even a mad man in the streets knows. But the question is, what has your government done to provide the conducive environment?

1 Like

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