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Only 10 out Of 39 MDAs scored above 50% in business facilitation – PEBEC

Presidential Enabling Business Environment Council (PEBEC) has revealed that only 10 out 39 Ministries Departments and Agencies of government scored above 50 percent. Business Facilitation…

Presidential Enabling Business Environment Council (PEBEC) has revealed that only 10 out 39 Ministries Departments and Agencies of government scored above 50 percent.

Business Facilitation Act (Business Facilitation (Miscellaneous Provisions) Acts (BFA) 2022) performance results for the year 2023.

The results released by PEBEC further urged MDAs to set to Business Facilitation Act (BFA) implementation Reforms Committee.

PEBEC said : “With only 10 MDAs scoring above 50% and a weighted average score of 34.87% across the 39 MDAs, strategic measures to enhance sector-specific metrics will need to be prioritized. This, MDAs must take concrete steps to improve efficiency and transparency ratings before the end of the 2024 reporting period.

“Most importantly, MDAs should as a matter of urgency set-up BFA Implementation Reform Committees. These committees will be responsible for steering BFA implementation initiatives in the MDAs, accelerating the strides taken in promoting a culture of transparency and accountability.

“We strongly urge the MDAs covered in this report to draw insights from empirical data and past BFA reports (since 2018) to drive essential improvements in efficiency and transparency” it explained.

Meanwhile , the BFA performance results for the year 2023 showed that the Nigerian Content Development and Monitoring Board (NCDMB) has the highest score of 70.07% placing the agency on the top of the chart in efficiency and transparency compliance ranking scale among the others Ministries, Departments, and Agencies (MDAs) in the country.

Commenting on the results, Dr. Jumoke Oduwole, the Special Adviser to the President on PEBEC and Investment, noted that over the past seven years, PEBEC has consistently published Compliance Reports, providing an empirical analysis of the monthly reports from MDAs.

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