The Presidential Enabling Business Environment Council (PEBEC) was set up in July 2016 by His Excellency, President Muhammadu Buhari, to remove bureaucratic constraints to doing business in Nigeria and make the country a progressively easier place to start and grow a business.
The Council is an inter-governmental and interministerial one which is chaired by His Excellency, Vice President Yemi Osinbajo, SAN, and comprises 10 ministers, the Head of Civil Service of the Federation, Governor of the Central Bank of Nigeria, representatives from Lagos & Kano State governments, the National Assembly and the private sector.
The Enabling Business Environment Secretariat (EBES) assists the MDAs to implement the reform agenda of the PEBEC.
- To move Nigeria upwards in the Doing Business 2018 Rankings. Nigeria currently ranks 169 out of 190 economies in the World Bank Doing Business Rankings as at July 2016.
- To remove critical bottlenecks and constraints to doing business in the country and make Nigeria a progressively easier place to do business and thrive.
The mission of PEBEC is to make businesses work in Nigeria and the main barometer for measuring would be the testimonials by Nigerians themselves.
However, EBES works side by side with MDAs to implement ease of doing business reforms that will move Nigeria upwards in the World Bank Doing Business Index. It is important to note that Nigeria moved 24 places in the 2018 ranking – four points above the target for 2018. The expectation is that by 2019, we would be in the top 100. This would be empirical evidence that the needle is moving in the right direction.
EBES and the MDAs are partners in progress – collaborating with each other to make businesses work in Nigeria. EBES is the operational team of PEBEC and has the highest political backing to motivate MDAs to implement reforms. Each of the MDAs working on PEBEC reforms nominated Reform Champions (RCs) as arrow men for the driving of reforms within the agencies. The RCs work closely with EBES reform leaders to implement the Council’s agenda.