Business and Economy

Nigeria Must Improve Ranking On Ease Of Doing Business – Oduwole

The Secretary of Presidential Enabling Business Environment Council (PEBEC)  and Senior Special Assistant to the President on Industry, Trade and Investment, Dr. Jumoke Oduwole  has said Nigeria must improve its ranking by 45 places in the World Bank Ease of Doing Business Index over the next two years to achieve its goal of attaining the top 100 by 2020.

Oduwole stated this in Abuja after the presentation of the ‘2018 Making Business Work Report’ of PEBEC  at a meeting of the Council.

2018 Rankings on Doing Business in Nigeria (Source:

She pointed out that “such an ambitious goal requires accelerated and focused execution of Government Executive Order and National Action Plans (NAP).

“It is clear that Nigeria must now intensify its reform efforts; and the PEBEC will continue to work closely with the public and private sectors to institutionalise its reforms, cascade them to state level, and refine and improve the business environment,” she said.

She noted that the current reform cycle was focused on three pillars to accelerate and expand the impact of completed reforms.

As part of its implementation strategy, PEBEC she said was building the capacity of the Ministries, Departments and Agencies (MDAs) to deliver; strengthening the capabilities of the MDAs for the long-term, to sustain the improvements on an on-going basis; and garnering strong political-will and determination by the government to effect changes and improvement.

She explained that the Council was also fostering cooperation between the MDAs, National Assembly and the private sector.

Oduwole stated that in the second half of 2018 and into 2019, PEBEC would focus primarily on regulators.

It would be recalled that the PEBEC, chaired by Vice President Yemi Osinbajo, was inaugurated in July 2016 as the administration’s flagship initiative to reform the business environment, attract investment and diversify the economy to reduce the nation’s reliance on oil.

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