Vice-President Kashim Shettima has directed ministries, departments and agencies of government to ensure flexible regulations for Nigerian businesses and also ensure that there is a conducive environment for MSMEs to thrive
The Vice President made the disclose as Presidential Enabling Business Environment Council (PEBEC) Regulators’ Forum, which held at the Presidential Villa, Abuja, a statement by PEBEC has said.
“The Forum is expected to ensure improved trust, transparency, and adherence to global standards in regulatory practices, as there is a need for regulatory agencies to streamline their operations, eliminate overlaps, and and align with President Bola Ahmed Tinubu’s economic agenda,” he said.
Shettima, who is also the Chairman of PEBEC said regulators should be flexible and transparent in order to boost Nigeria’s global competitiveness while urging heads of various Ministries, Departments, and Agencies (MDAs) to seize the opportunity provided by the forum to redefine the regulatory landscape in Nigeria.
Also speaking, Dr. Jumoke Oduwole, Special Adviser on PEBEC and Investment, said the forum is convened to enhance Nigeria’s business climate, serves as a collaborative platform for regulatory agencies to tackle operational challenges and streamline processes affecting business operations.
Oduwole further highlighted the forum’s alignment with national economic objectives, stressing that a stable and transparent business environment is crucial for attracting investments and fostering economic growth.
“The collaboration is expected to improve trust in regulatory practices, align them with international standards, and enhance perceptions of doing business in Nigeria as well as address and resolve operational bottlenecks and regulatory challenges in doing business,” she explained
