Nigerian Electricity Regulatory Commission (NERC) has been ranked top among five most improved ministries, departments and agencies between 2022 and 2023.
This is contained in the Business Facilitation Act (BFA) Compliance Report for 2023 seen by BusinessDay on Tuesday.
According to the report which was released by the Presidential Enabling Business Environment Council (PEBEC),
NERC moved from 15th position in 2022 to 9th in December 2023.
The report which offers insights into critical metrics for measuring effective and transparent service delivery by the various MDAs see the electricity regulatory body score 61.65 percent, putting it in the spotlight.
“Based on meticulous data collection and rigorous data analysis, the 2023
Full-Year BFA Compliance Report ranks the MDAs in order of their compliance
to provide services in an efficient, timely, and customer-friendly manner,” it said.
Other MDAs that have improved significantly are Federal Ministry of Inferior, Citizenship and Business Department at 48.58%, Central Bank of Nigeria 46.31%, Nigeria Shippers Council 33.58% and Federal Airports Authority of Nigeria 28.66%.
The report stated that MDAs should as a matter of urgency set up BFA Implementation Reform Committees to promote a culture of transparency and accountability in a bid to compliment President Bola Tinubu’s economic reforms.
“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 prioritised.
“Thus, MDAs must take concrete steps to improve efficiency and transparency ratings before the end of the 2024 reporting period,” the report stated.
