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| Dr. Jumoke Oduwole |
In line with the objective to actively
engage members of the organised private and public sector, and to drive
awareness about the implementation of relevant business climate reforms, the
Presidential Enabling Business Environment Council (PEBEC) recently hosted
multiple stakeholder engagement events in Lagos and Kano State. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html
The series of events took place last
week, kicking off in Kano with a focus on the agribusiness value chain and the
impact of regulatory agencies. Progress on the reforms delivered in
collaboration with MDAs and the Kano State government were shared for feedback
and discussions, to enable PEBEC identify opportunities to inform the agenda
for the next cycle of reforms commencing in July 2019.
A technical session on Apapa gridlock and
call-up system reforms was also organised in Lagos. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html The session served as a platform for
discussions to deliver a gridlock-free Apapa, and enhance the ease of entry and
exit into the ports in line with the Trading Across Borders focus area of the
Council. Following the last intervention by His Excellency the Vice President,
Prof. Yemi Osinbajo (SAN) in November 2017, processes were agreed to address
the persisting issue but implementation remains a challenge. Recording an
impressive turnout with strong private and public sector representation, this
session signalled a recommitment to ensuring the delivery of a workable
resolution, as stakeholders across board engaged and agreed all agencies in the
joint task force must be called to order and made to work together.
On
legislative interventions of the Council, the Lagos forum was also well
attended by members of the legal community and other stakeholders, as it shone
a spotlight on the legal reforms delivered in several focus areas such as
Getting Credit and Starting a Business. In particular focus were the proposed
Omnibus Bill, and the Companies Allied Matters (CAM) Bill - a repeal and
re-enactment of the current Companies and Allied Matters Act (CAMA). The CAM
Bill has undergone its first review in 29 years with the support of several
members of the public and private sector, including legal firms. http://www.tectono-business.com/2016/02/contemporary-step-by-step-guide-to.html It is anticipated to be one of the most
significant legal reform initiatives by any Nigerian government in the last
three decades, having passed its third reading in February 2019 and been
transmitted by the National Assembly to the President for assent.
Speaking at the Lagos event, the
Honourable Minister for Industry, Trade & Investment and PEBEC Vice-Chair,
Dr. Okechukwu Enelamah, applauded the private sector for its co-operation and
support towards driving the Ease of Doing Business reforms in the country. The
Minister stated, “The vision of this administration is to ensure a more
conducive environment where small and big businesses are able to function
effectively and with ease. These forums provide an opportunity for us to
interact and communicate the progress of reforms while receiving feedback from
stakeholders.
“This year, we had a great start with
the launch of the Kano Small Claim Court in January, following their launch in
Lagos State in 2018 and the positive performance recorded since its inception.
The anticipated passage of the CAM Bill will be another significant hurdle in
our efforts to improve the effectiveness of company law, help businesses grow,
and drive our Doing Business ranking as a nation.” he said.
In her comment at the forums, the
Senior Special Assistant to the President on Industry, Trade & Investment
& PEBEC Secretary, Dr. Jumoke Oduwole stated that it is the objective of
the Council to continually engage key stakeholders on growth opportunities in
different sectors of the economy, and to facilitate feedback on areas for
improvement as it relates to the ease of doing business mandate. “In our usual
approach of collaboration and inclusiveness, we partnered with several members
of the private sector to ensure strong participation, engagement and impact
from this series of stakeholder sessions. These included the Nigeria
Agribusiness Group (NABG), the Nigerian Bar Associations-Section on Business
Law (NBA-SBL), and PDFII, as well as the state governments, MDAs and other key
stakeholders. We could not do this without them.” she said.
PEBEC was established in 2016 to
oversee Nigeria’s business climate reform agenda. The Council’s model aligns
with global best practice, and is filtered by a number of domestic and
international rankings including the World Bank Doing Business Index (DBI),
which is reported annually.
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