Fri Sep 20 08:36:20 UTC 2024: ## Nigeria’s Vice President Calls for Regulatory Alignment to Boost Business Environment

**Abuja, Nigeria** – Vice President Kashim Shettima has called for the alignment of Nigeria’s regulatory practices with global standards to enhance the country’s business environment. The call was made during the inaugural Regulators’ Forum of the Presidential Enabling Business Environment Council (PEBEC) held at the Presidential Villa on Thursday.

Shettima, who also chairs the PEBEC, emphasized the importance of transparency, trust, and efficiency among regulatory bodies. He urged agencies to streamline their operations, eliminate overlaps, and align with President Bola Ahmed Tinubu’s economic goals.

“His Excellency, Vice President Kashim Shettima charged the various Heads of MDAs to embrace this pivotal moment to shape Nigeria’s regulatory future with a clear responsibility to drive the coordination, transparency, and global competitiveness necessary for Nigeria’s economic transformation,” a statement by the Special Adviser to the President on PEBEC and Investment, Dr. Jumoke Oduwole, said.

The forum aimed to provide a platform for regulators to address operational challenges and streamline processes that affect business operations in Nigeria. Oduwole emphasized the forum’s alignment with national economic objectives, stating that it would contribute to a stable and transparent business environment, attract investment, and promote economic growth.

The expected outcomes of the collaboration between regulatory bodies include:

* Improved business climate
* Fostered trust and transparency
* Aligned regulatory practices with global standards
* Enhanced perception of the ease of doing business in Nigeria

PEBEC, established in July 2016, aims to improve Nigeria’s business environment by removing bureaucratic obstacles and making it easier for businesses to operate. The Vice President’s call for regulatory alignment is seen as a significant step towards achieving these goals and boosting Nigeria’s global competitiveness.

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