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 in
collaboration 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.
Some of the
targets achieved in 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.
In a statement
by the Honourable Minister for Industry, Trade & Investment and line
minister for the intervention, Dr. Okey Enelamah, he stated: “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.
Also speaking on
the commencement, the PEBEC Secretary and Senior Special Assistant to the
President on Industry, Trade & Investment, Dr. Jumoke Oduwole said: “The
Council will continue to work extensively with all MDAs, the National Assembly
and various arms of government on various reforms critical to an enabling
business environment. For the NAP 4.0, these include targets such as enforcing
compliance with SLAs across all focus areas, driving the passage of the CAM
Bill 2018 for improved effectiveness of company law in Nigeria, enhancing
efficiency in the small claims court, and enhancing the application and
approval system for visas on arrival, to mention a few.
She further
stated: “We will also engage public and private sector stakeholders, and
intensify efforts to communicate the reforms to ensure the benefits are
realised. We have already started a number of communication initiatives,
including setting up a website for access to all information on all reforms at
www.businessmadeeasy.ng”
PEBEC was
established in 2016 to oversee Nigeria’s business climate reform agenda, and is
Chaired by His Excellency the Vice President, Prof. Yemi Osinbajo, SAN, with
the Honourable Minister of Industry, Trade and Investment, Dr Okey Enelamah as
Vice Chair. PEBEC’s model aligns with global best practice and includes a
strong performance tracking element that is measured by the World Bank Ease of
Doing Business Index (DBI), which is reported annually.
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