On Soft Infrastructure and Economic Growth - the spark youth empowerment platforms in Nigeria

On Soft Infrastructure and Economic Growth

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PEBEC reforms are focusing on soft infrastructure and economic growth and making business a little easier for regular people, just like you.

 

By Lolade Sasore

The Presidential Enabling Business Environment Council (PEBEC), is chaired by Vice President Yemi Osinbajo, SAN, with the Minister of Industry, Trade and Investment as Vice Chair.

The council has 9 other ministers, Head of Civil Service of the Federation, Governor of CBN and representatives from the National Assembly and private sector as members.

PEBEC was established to remove the constraints and bottlenecks to doing business in Nigeria. Designed to focus on addressing issues around ‘soft infrastructure’, the core aim of the team is to reduce the time, cost, and improve the efficiency of procedures that support an enabling business environment for improved competitiveness.

The Enabling Business Environment Secretariat (EBES), implements the reform agenda of PEBEC.

The PEBEC’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.

The Index offers comparative insights based on private sector validation of reforms delivered in the two largest commercial cities in countries with a population higher than 100 million. For Nigeria, the DBI tracks both Lagos and Kano States, being the two largest business cities in the country.

Since the launch of the council, PEBEC/EBES has implemented over 140 reforms across 12 focus areas, with direct and positive impact on business owners.

These include Starting a Business, Getting Credit, Paying Taxes, Dealing with Construction Permits, Getting Electricity, Registering Property, Entry and Exit of People, Protecting Minority Investors, Resolving Insolvency, Enforcing Contracts, Trading Across Borders, and Trading Within Borders.

The articles you will read will take you through the reforms: what they mean, how they work, and most importantly, how they might help make your business a little easier.

You will learn how over the last three years, tens of thousands of hours have gone into both creating an environment where business can thrive, and reshaping the narrative around the difficulties of doing business in Nigeria. We function for a simple, yet all-important objective – let’s make business just a little easier.

 

Editor’s Note: This article was originally published in The Spark Magazine. Find the magazine here to read other articles.

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The Spark is a youth empowerment platform in Nigeria that projects the average Nigerian youth doing something, anything positive. Our mission is to reach out to as many youths, “EMPOWER and ENGAGE!!!