• Thursday, May 23, 2024
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NCDMB, SON top enabling business environment efficiency, transparency ranking

Tinubu flags off African First Ladies summit

The Nigerian Content Development and Monitoring Board (NCDMB) has topped the 2023 efficiency and transparency compliance ranking published by the Presidential Enabling Business Environment Council (PEBEC).

According to PEBEC, the high-performing MDAs demonstrated commendable performance in both efficiency and transparency through diligent adherence to their Service Level Agreements (SLAs) during the 2023 reporting year, adding that the overall performance of Ministries, Departments, and Agencies (MDAs) highlights the need for massive improvement in key Business Facilitation Acts (BFA) Compliance metrics.

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Only 10 out of 39 MDAs score above 50%

Analysis of the report which covered January – December 2023 Business Facilitation Acts (BFA) Compliance report showed that NCDMB scored 70.07 percent, Standards Organization of Nigeria (SON) 69.5 percent, Corporate Affairs Commission (CAC) 65.12 percent, Federal Competition and Consumer Protection Commission (FCCPC), 65.04 percent, and Nigerian Export- Import Bank, (NEXIM) 63.51 percent.

PEBEC noted that with only 10 MDAs scoring above 50 percent and a weighted average score of 34.87 percent across the 39 MDAs, strategic measures to enhance sector-specific BAFmetrics will need to be prioritized.

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“With 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.

“This will be in furtherance of the implementation strategies of the 8-point agenda of the Administration of President Bola Ahmed Tinubu GCFR, designed to boost economic reforms for sustained inclusive growth across all sectors.

“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” the organization added.

Read also:Over 180 reforms, 7 action plans delivered by PEBEC -Osinbajo

Earlier, Jumoke Oduwole, the Special Adviser to the President on PEBEC and Investment, had noted that the efficiency report measures compliance with service delivery timelines in MDAs, while transparency is assessed based on website updates, online service portals, detailed service information, timelines, costs, statutory requirements, and customer service contact details.

The Presidential Enabling Business Environment Council (PEBEC) was established in July 2016 by the Federal Government to oversee Nigeria’s business environment intervention with the dual mandate of removing bureaucratic and legislative constraints to doing business and improving the perception of the ease of doing business in Nigeria.