By Joan Nwagwu
The Nigeria Employers’ Consultative Association (NECA) has commended the Federal Government for its ongoing efforts to address regulatory bottlenecks and create a more conducive environment for businesses in Nigeria.
Mr Adewale-Smatt Oyerinde, Director-General of NECA said this in a statement on Monday in Abuja.
The News Agency of Nigeria (NAN) recalls that Vice-President Kashim Shettima had recently inaugurated the Presidential Enabling Business Environment Council (PEBEC) Regulators’ Forum.
The PEBEC was charged to compel regulatory agencies to eliminate overlaps and align their actions with President Bola Ahmed Tinubu’s agenda for economic growth and improved ease of doing business.
Oyerinde described the move as a significant step towards eliminating the operational and regulatory challenges that have long beleaguered the private sector.
According to him, the idea is to applaud the government’s commitment to improving the nation’s business climate.
“We want to appreciate the leadership demonstrated by the vice-presdent as chair of PEBEC and the comprehensive participation of priority Ministries, Departments, and Agencies (MDAs) in the forum.
“By tackling the bottlenecks and inefficiencies that have stifled business operations for years, the Federal Government is paving the way for a more dynamic and resilient private sector.
“We are optimistic that this renewed focus on coordination, transparency and efficiency will translate into tangible benefits for businesses and the economy at large,”he said.
The NECA D-G lauded the forum’s focus on the Regulatory Impact Assessment (RIA) framework, which promises to enhance the productivity and competitiveness of businesses operating within Nigeria.
He said that NECA’s had continued to support and collaborate with PEBEC to ensure that key decisions made during the forum were swiftly implemented.
He said that as Nigeria had continued to pursue economic reforms under the leadership of Tinubu, adding that NECA would continue to work with the government and the regulatory agencies.
“This is to ensure that the private sector thrives in a business environment free from unnecessary hindrances,’’ he said.