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.
The report, which highlights 31 completed reforms across the Council’s eight priority indicators, was unveiled on Monday, April 24, 2017, at PEBEC’s monthly meeting.
A statement from the PEBEC Secretariat disclosed that the “Report Card is in keeping with PEBEC’s promise to be accountable to Nigerians for the targets set and promises made.
“Completed reforms are being closely monitored to ensure diligent implementation with minimal disruption, and pending reforms are being escalated to ensure completion in the coming weeks.”
On Starting a Business, the report highlighted the CAC’s online registration portal, document upload interface, single incorporation form, e-stamping, among other reforms which have led to a reduction in the number of days needed to incorporate a business. The completed reforms on the Entry and Exit of People indicator include Simplified Visa-on-Arrival process, Infrastructural improvements at the Abuja airport, and the new Immigration Regulation 2017. On Trading across Borders, some of the completed reforms include palletisation of imports, advanced cargo manifests, reduction in documentation requirements and scheduling of Joint Physical Examination by the Customs Service.
The National Action Plan contained initiatives and actions implemented by responsible Ministries, Departments and Agencies (MDAs), the National Assembly, the Governments of Lagos and Kano states, as well as some private sector stakeholders.
PEBEC is chaired by Vice President Yemi Osinbajo (SAN) but Monday’s meeting was chaired by the Honourable Minister of Transportation, Rotimi Amaechi. Other Ministers at today’s meeting included Foreign Affairs Ministers Geoffrey Onyeama, Minister of State for Industry Trade & Investment Aisha Abubakar, and her counterpart in Budget & National Planning Zainab Ahmed. Other government dignataries at the meeting included the Head of Service, Mrs Winifred Oyo-Ita, and several heads of MDAs. The report was presented by Dr. Jumoke Oduwole, Senior Special Assistant to the President on Trade & Investment.
The Council emphasised that with the conclusion of implementation of the Action Plan, the next phase would involve “deepening existing reforms; completing and implementing pending initiatives; engaging with the public; validating completed reforms and kicking-off medium-term reforms.”
The Council would also kick-start “sub-national reforms across Nigeria’s 36 states; trading within Nigeria; kick-off of initiatives and reforms improving business processes and regulations within Nigeria; and ease of movement of goods within and across regions in Nigeria.”
Please find the Report Card below. For inquiries, send email to firstname.lastname@example.org.
1. Remove critical bottlenecks and bureaucratic constraints to doing business in Nigeria
2. Move Nigeria 20 places upwards in the World Bank Doing Business Rankings
1. Starting a Business
2. Construction Permits
3. Getting Electricity
4. Registering Property
5. Getting Credit
6. Paying Taxes
7. Trading Across Borders
8. Entry and Exit of People
A. Starting a Business
60-Day Target: To reduce number of days required for business registration from 10 days to 2 days
1. Company name search on CAC portal: Enabled online search on Corporate Affairs Commission (CAC) portal (www.cac.gov.ng) to avoid duplication of names and prevent selection of prohibited names
2. Company registration no longer requires lawyers: Made it optional for SMEs to hire lawyers to prepare registration documents
3. Single incorporation form: Introduced single incorporation form (CAC1.1) to save time and reduce costs
4. Document Upload Interface: Introduced document upload interface on CAC website to enable e-submission of registration documents
5. FIRS e-payment solution integrated: Integrated FIRS e-payment solution into CAC portal to enable e-stamping