PEBEC collaborates with Ministries, Departments and Agencies (MDAs) and other partners to reduce the costs, time and number of procedures to make the process of setting up and doing business in Nigeria simpler and effective – from starting a business to getting a location to getting finance to dealing with day-to-day operations and ultimately to operating in a secure business environment.
The Doing Business Index (DBI) is an annual ranking done by the World Bank group that objectively assesses prevailing business climate conditions across 190 countries based on 10 indicators (starting a business, getting electricity, enforcing contracts etc).
The index captures ease of doing business reforms that have been validated by the organized private sector and offers comparative insights based on this validation.
The rank ranges from 1 - 190. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and running of a business. Nigeria ranked 131st place in the 2019/20 DBI report and named one of top 10 most improved economies in the world for the 2nd time in 3 years .
10 other Cabinet Ministers, Head of Civil Service of the Federation, Governor of CBN, representatives from the National Assembly and the Judiciary as well as representatives from Lagos and Kano states and private sector.
the Enabling Business Environment Secretariat, implements the reform agenda of PEBEC.
With the aim to ensure the reforms are enforced and sustained, EBES commenced the implementation of the National Action Plan 4 (NAP4) on November 01 2017, are currently working hard in collaboration with MDAs and other public and private sector partners to achieve the following;
Business Made Easy is an awareness and educational campaign initiated to communicate the Presidential Enabling Business Environment Council’s (PEBEC) mandate.
In order to make running a business easier in Nigeria, reforms have been implemented which should translate to Nigeria being ranked in the top 100 in the 2019/20 World Bank Ease of Doing Business Index. The Business Made Easy campaign was launched to effectively inform and educate Nigerians about these reforms.