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Nigeria Commits to Business Reforms for Global Competitiveness

The Presidential Enabling Business Environment Council (PEBEC) has reaffirmed its commitment to making Nigeria the world’s most attractive and competitive […]

'We'll make Nigeria most attractive destination for businesses' - PEBEC

The Presidential Enabling Business Environment Council (PEBEC) has reaffirmed its commitment to making Nigeria the world’s most attractive and competitive place to do business. This pledge was announced by PEBEC’s Director General, Princess Zahrah Mustapha Audu, at an event honoring public‑sector excellence in Abuja. The ceremony highlighted Nigeria’s economic progress, which stems from intentional reforms grounded in data, accountability, and strong leadership from President Bola Ahmed Tinubu and Vice President Kasim Shettima.

Princess Audu noted that the launch of the Regulatory Impact Analysis (RIA) Framework in January represents a significant step toward predictable, evidence‑based policymaking. She cited global data showing that countries with robust regulatory systems can achieve up to 2.3 percent annual growth. Looking ahead to 2026, PEBEC’s vision is to position Nigeria as a premier destination for businesses worldwide.

Deputy Chief of Staff to the President, Ibrahim Hadija, echoed this sentiment, stating that the event reaffirms Nigeria’s determination to build a more business‑friendly economy. Under the current administration, PEBEC has implemented measurable reforms that improve the daily experience of entrepreneurs, exporters, investors, and small and medium‑sized enterprises.

The occasion also celebrated public servants who are redefining their roles through innovation, transparency, and results, demonstrating Nigeria’s capacity for reform through collective effort. PEBEC’s initiatives form part of a broader strategy to enhance the country’s economic competitiveness by streamlining regulatory processes and fostering a business‑friendly environment.

By attracting investment, stimulating growth, and creating opportunities for businesses to thrive, Nigeria aims to strengthen its economic standing on the global stage. As the nation continues on this path, its progress will be closely watched by the international community, and its commitment to reform positions it as an increasingly attractive destination for businesses and investors in the years to come.

Ifunanya

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