Oyo Govt, PEBEC Restate Commitment To Improved Ease Of Doing Business

The Oyo State government and the Presidential Enabling Business Environment Council (PEBEC) have reiterated their commitment to consistently improving business ease in the state and the country.

These assurances were given at the State Action on Business-enabling Reforms (SABER) Technical Session and Statewide Town Hall Meeting held at Western Hall, Parliament Building, as part of the PEBEC nationwide tour to strengthen subnational business reforms.

Speaking, the Oyo State Commissioner for Budget and Economic Planning and the state’s SABER chairman, Professor Musibau Babatunde, harped on the importance of creating an enabling environment for business to thrive, adding that the business environment needed to be consistently reformed to attract investors.

He stressed that failure to engage the business investors could render the state uncompetitive, discouraging business growth and hindering economic progress.

He disclosed the strong commitment to nurturing small and medium-scale enterprises will generate innovative ideas and boost operational efficiency.

He noted that the event would allow the state to evaluate its past actions, current actions, and future plans to facilitate business in the state.

He appreciated the PEBEC team’s resilience and adaptability in navigating critical moments to ensure sustained progress.

Babatunde affirmed that Oyo State had embraced the SABER framework as a transformative vehicle for governance reform, private sector engagement, and economic inclusion.

Speaking virtually, the director-general of PEBEC, Princess Zahrah Mustapha Audu, said the partnership between the agency and Oyo State would enable the government and stakeholders to adapt, enhance, and strengthen the regulatory environment, particularly through the SABER programme.

She said, “The goal of PEBEC is to work with the states and ensure all hands are on deck to support President Bola Ahmed Tinubu’s administration in fostering a conducive business environment that drives more innovation and growth.