- The Federal Government plans to establish Ease of Doing Business Councils across all 36 states and the FCT to enhance business operations
- The Regulatory Impact Assessment Framework aims to ensure regulatory decisions are transparent and aligned with Nigeria’s economic goals
The Federal Government plans to set up Ease of Doing Business Councils in all 36 states and the Federal Capital Territory (FCT).
This initiative is part of the Presidential Enabling Business Environment Council’s (PEBEC) 2025 Outlook, which outlines strategies to enhance Nigeria’s business environment.
Aimeya Okpebholo, Project Manager at the PEBEC Secretariat, shared this in a statement. She emphasized the introduction of the Regulatory Impact Assessment (RIA) Framework, a tool designed to evaluate the effects of regulatory decisions on businesses and the economy.
“The RIA Framework is a game-changer for Nigeria’s business environment. It ensures regulatory decisions are transparent, effective, and aligned with national economic goals,” Okpebholo stated.
The 2025 Outlook also highlights plans for legislative and judicial reforms. Key initiatives include improving insolvency regulations, digitizing Small Claims Courts, and establishing Commercial Courts to provide faster legal solutions for businesses.
PEBEC is also committed to driving critical business reforms through the Omnibus Bill 2.0. This legislation aims to transform Nigeria’s business landscape by addressing longstanding regulatory challenges.
Additionally, PEBEC will continue supporting sub-national initiatives, including implementing Ease of Doing Business reforms at the state level. Establishing councils in all states will ensure a unified approach to creating a business-friendly environment nationwide.
Meanwhile, President Bola Ahmed Tinubu has appointed Princess Zahrah Mustapha Audu as the new Director-General of PEBEC. Her appointment aims to improve the business climate and attract foreign investments.
Before this role, Audu served as the Technical Adviser on Foreign Direct Investment (FDI) in the Office of the Vice President. She succeeds Dr. Jumoke Oduwole, who now serves as the Minister of Industry, Trade, and Investment.