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Overview
The Presidential Enabling Business Environment Council (PEBEC) is at the forefront of driving significant reforms to enhance the ease of doing business in Nigeria. Established to streamline bureaucratic processes and create a more friendly business environment.
Through ongoing efforts, a series of targeted reforms and strategic interventions, PEBEC initiatives are designed to simplify procedures, reduce bottlenecks, and create a more conducive atmosphere for businesses to start and grow in Nigeria.
As part of its mandate, PEBEC focuses on optimizing regulatory frameworks, improving institutional coordination, and implementing policies that facilitate smoother business operations.
By staying dedicated to the objectives, PEBEC strives to create an environment where businesses can thrive, fostering economic development and job creation across the nation.
The Presidential Enabling Business Environment Council (PEBEC) was set up in July 2016 to To deliver Nigeria’s business environment reform, with the dual mandate to remove bureaucratic and legislative constraints to doing business and to improve the perception about the ease of doing business in Nigeria
Secretary to the Government of the Federation
Head of Civil Service of the Federation
17 Honourable Ministers
Governor of the Central Bank of Nigeria
National Assembly representative
Judiciary representative
State Governments representative
Special Adviser to the President on PEBEC & Investment
How PEBEC works
PEBEC’s model aligns with global best practices and includes a strong performance tracking element that ensures MDAs are accountable for reform implementation.Our Milestones
We have established a track-record of innovation and growth.
32 Nigerian states implemented 43 reforms that led to improvements in their ease of doing business environment led by Kaduna, Enugu, Abia, Lagos and Anambra States.
Nigeria recorded improvements in 3 out of 4 enabling environments of the 2018 Global Competitiveness Report released by the World Economic Forum. Also, an independent EoDB survey conducted in 2018 adjudged Nigeria’s reforms as impactful in terms of reduction in time, cost, and procedures of doing business.
Nigeria was named one of top 10 most improved economies in the world for the 2nd time in 3 years
Nigeria moved up 39 places on the Doing Business Index since 2016
PEBEC Members #3 Cohort
His Excellency Kashim Shettima
The Vice President of Nigeria
Chair, PEBEC
Dr. Jumoke Oduwole
PEBEC Executive Secretary
Dr. Doris Nkiruka Uzoka-Anite
Honourable Minister of Industry, Trade and Investment.
Vice-Chair, PEBEC
The Reform Agenda
RESOLVING INSOLVENCY
- Companies unable to pay its debts now have business rescue alternatives such as a Company Voluntary Arrangement and Administration as opposed to winding up the business
- A company’s debt would need to be at least N200,000 (no longer N2,000) for a winding-up petition to be made against a company
PROTECTING MINORITY INVESTORS
- Restriction of the appointment of the same person as CEO and Chairman of a private company
- Full disclosure (with specifics) of conflict of interests and all facts in buyer-seller transactions
- The board of directors of a private company must comprise of at least three independent directors
ENFORCING CONTRACTS
- Small Claims Courts established in Lagos and Kano for cost-effective and fast resolution of debt recovery disputes involving small claims of up to N5,000,000
REGISTERING PROPERTY – KANO
- Issuance of Governor’s Consent delegated to the Honourable Attorney General of Kano State to reduce time of approval to 7 days from 30 days
- All required payments can be made online at the KSBLM website
- Land disputes are now handled by an independent body as required by international best practice
REGISTERING PROPERTY – LAGOS
- E-Platform available for payment of relevant fees when registering a property
- Demand notices for registration fees, consent fees, neighborhood improvement charges now sent to applicants via email
- The Lands Bureau and the OSSG process and track client files based on a single unique file identification number
GETTING ELECTRICITY
- The time required to connect new customers has dropped to 30 days from 176 days
- Application for connection to the electricity grid can be done online
- Procedures required to connect new customers has reduced from 9 to 5 steps
PAYING TAXES
- Filing and payment of federal taxes online available online; E-platform accessible to all classes of taxpayers
- A simplified single schedule for each tax type now available on the e-filing platform
- Corporate income tax (CIT) audits can be done within 63 days.
DEALING WITH CONSTRUCTION PERMITS – KANO
- Water connections obtainable within 7 days
- Physical inspection before issuance of Certificate of habitation cancelled
- Online application and payment process for construction permits and building plans
- Building plan approvals obtainable within 14 days
DEALING WITH CONSTRUCTION PERMITS – LAGOS
- Removal of the Infrastructure Development Charge (IDC) for 2-floor warehouse construction permits applications
- Certified true copy (CTC) of title documents in the construction permit application process no longer required
- Soil Investigation Report in construction permit applications not required for non-marshy areas of Lagos State
GETTING CREDIT
- Creation of National Collateral Registry (NCR) to support the use of movable assets as collaterals for loan
- Legal right of borrowers to access credit reports from the Credit Bureaus
- Credit scores can be used by individuals to secure credit/loans to make various purchases
TRADING ACROSS BORDERS
- Reduced number of import and export documents required
- Implementation of 24/7 operations of Apapa port in Lagos and reduced number of agencies at the ports
- All government official rates are available on the respective agency’s website for transparency
ENTRY & EXIT OF PEOPLE
- Simplified visa-on-arrival process; application done online and issued within 48hrs
- Elimination of the Passenger Service Charge (PSC) stickers, eliminating additional checks while travelling domestic routes
- Agency activities at the airport combined into one passenger interface.
Starting a business
- Reserve and register a business within 24 hours on the E- Platform
- Tax Identification Number (TIN) for Tax Payments automatically generated
- Simplified Company Incorporation Form (CAC 1.1)
- Registration fees payable online through the Company Registration Portal (CRP)