Nigeria’s Ease of Doing Business Intervention


Micro, small and medium enterprises (MSMEs) make up more than 90% of all registered businesses in Nigeria. These MSMEs provide about 84% of jobs and contribute just under 50% to the GDP of the economy. However, these businesses face multiple challenges that hinder their contribution to inclusive growth.


The Presidential Enabling Business Environment Council (PEBEC) was established to remove the bureaucratic constraints and bottlenecks to doing business in Nigeria with a view to reducing the:


Time

Cost

Procedures


in starting and running a business, and increase efficiency.

Reforming Nigeria’s Business Environment

Nigeria has implemented more than 140 reforms over the past 3 years to make doing business in Nigeria easier


  The PEBEC’s model is in line with global best practice and includes a strong performance tracking element measured by the World Bank Ease of Doing Business Index (DBI).

  Over 3 years, Nigeria moved up 24 places to 146th place (out of 190) in the 2018/19 report

  In the same period, Nigeria’s Distance-to-Frontier (DTF) score improved by over 11 basis points.

  32 Nigerian states improved their ease of doing business environment led by Kaduna, Enugu, Abia, Lagos and Anambra States

  An independent Ease of Doing Business (EoDB) survey adjudged Nigeria's reforms as impactful in terms of reduction in time, cost and procedures of doing business.

Ease of Doing Business (EoDB) Focus Areas

Scroll to see our ease of doing business focus areas


Ease of Doing Business (EoDB) Focus Areas in the life stages of an SME


The First Step

  • Starting a business

Getting a location

  • Registering Property
  • Dealing With Construction Permits
  • Getting Electricity

Accessing Finance

  • Getting credit


Daily Operations

  • Paying Taxes
  • Trading Across Borders
  • Entry & Exit Of People

Legal

  • Enforcing Contracts
  • Protecting Minority Investors
  • Resolving Insolvency

IN THE NEWS


Business Tool

Enabling Business council begins fourth national plan

The Presidential Enabling Business Environment Council (PEBEC) has launched the

Business Tool



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