The Presidential Enabling Business Environment Council has named the Nigerian Content Development and Monitoring Board, and the Standards Organisation of Nigeria as the most efficient and transparent compliance agencies among other Ministries, Departments, and Agencies of the Federal Government in Nigeria.
PEBEC stated on Sunday in its Business Facilitation Performance Results for 2023, that the NCDMB and SON were ranked first and second respectively among MDAs, according to The Punch.
The Federal Government set up PEBEC in July 2016 to monitor the business environment situation in Nigeria. To improve the perception of the ease of doing business in Nigeria, it has a mandate to remove administrative and legislative obstacles to doing business.
The top five MDAs with excellent performance were NCDMB, 70.07 %; SON, 69.5 %; the Corporate Affairs Commission, 65.1 %, the Federal Competition and Consumer Protection Commission, 65.04 per cent; and the Nigerian Export-Import Bank, 63.51 per cent. in their latest business facilitation performance results for the period from January 2023 to December 2023.
PEBEC, however, called on MDAs to take adequate measures to improve efficiency and transparency ratings before the end of the 2024 reporting period as only 10 MDAs, out of 39 scored above 50 per cent during the 2023 review period.
“With only 10 MDAs scoring above 50 per cent and a weighted average score of 34.87 per cent across the 39 MDAs, strategic measures to enhance sector-specific metrics will need to be prioritised. These MDAs must take concrete steps to improve efficiency and transparency ratings before the end of the 2024 reporting period.
“Most importantly, MDAs should as a matter of urgency set up BFA Implementation Reform Committees. These committees will be responsible for steering BFA implementation initiatives in the MDAs, accelerating the strides taken in promoting a culture of transparency and accountability.
“This will be in furtherance of the implementation strategies of the eight-point agenda of the administration of President Bola Tinubu, designed to boost economic reforms for sustained inclusive growth across all sectors,” PEBEC noted.
The council emphasised that the MDAs covered in the report should draw insights from empirical data and past BFA reports (since 2018) to enhance improvements in efficiency and transparency.
underlined the need for significant improvements in key compliance indicators, given the overall performance of MDAs.
