• Monday, July 15, 2024
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PEBEC scores NPA 100% in ease of doing business ratings

PEBEC scores NPA 100% in ease of doing business ratings

The Presidential Enabling Business Environment Council (PEBEC) has given the Nigerian Ports Authority (NPA) a 100 percent performance score.

This was disclosed in the just concluded Cohort #3 programme of the Council.

The score was given to the NPA in recognition of its dedication to driving the reforms and was acknowledged as ‘The Most Committed’ agency with the highest number of reform activities.

The Council pointed out that the NPA embarked on 63 reforms, which doubled the average number of activities embarked on by other MDAs leading to the achievement of a 100 percent feat.

“The impact of these reforms is far-reaching and will improve the overall effectiveness of the ports,” the Council said.

The Council pointed out that the most significant reform under cohort #3 is the reduction in export processing time after benchmarking against competing jurisdictions.

“The authority can reduce its processing time for exports from an average of 10 days to a timeline of three to five days, depending on the arrival of the lifting vessel. Other reforms embarked on are ensuring transparency, reduced costs, and streamlined processes,” the Council said.

While addressing the press, Mohammed Bello-Koko, managing director of the NPA, commended the frontline role of Gboyega Oyetola, minister of Marine and Blue Economy, for a pragmatic leadership that catalysed the comprehensive reform agenda being implemented in the maritime industry.

He said such also resulted in the Ministry of Marine and Blue Economy emerging as the ‘Best Performing Ministry’ in driving PEBEC reforms.