Nigeria’s Acting President, Professor Yemi Osinbajo on Thursday, May 18, 2017, signed three executive orders which signify an end to many hindrances in Nigerian business environment.
It would be recalled that President Muhammadu Buhari set up the Presidential Enabling Business Environment Council (PEBEC) to introduce reforms and change some of the ways government business and operations are conducted in the country.
These executive orders are aimed to promote transparency and efficiency in the business environment.
Some of the key areas affected by these executive orders include operations of MDAs (Ministries, Agencies and Departments), entry experience of visitors and travellers and ports operations.
The Presidential Enabling Business Environment Council (PEBEC) has released a report card on the 60-Day National Action Plan on Ease of Doing Business which was implemented from February 21, 2017, to April 21, 2017.
Some of the areas affected by these executive orders were part of industries or sectors slated for reforms by the council.
Nigeria is currently ranked 169 out of 189 countries in the World Bank Ease of Doing Business index, which indicates more reforms still need to be initiated to improve the country’s ranking and facilitate effective business operations in the country.