‘PEBEC Inaugural Regulators’ Forum Will Yield Transparency’

Vice President Kashim Shettima has said the Presidential Enabling Business Environment Council (PEBEC), Regulators’ Forum, which held at the Presidential Villa Thursday is expected to ensure improved trust, transparency, and adherence to global standards in regulatory practices, emphasizing the need for regulatory agencies to streamline their operations, eliminate overlaps, and align with President Bola Ahmed Tinubu’s economic agenda.

Shettima, who is also the chairman of PEBEC stated at the PEBEC inaugural Regulators’ Forum also called for enhanced transparency and efficiency among regulatory bodies in order to boost Nigeria’s global competitiveness.

He urged heads of various ministries, departments, and agencies (MDAs) to seize the opportunity provided by the forum to redefine the regulatory landscape in Nigeria.

According to a statement by Dr. Jumoke Oduwole, Special Adviser on PEBEC and Investment, the forum convened to enhance Nigeria’s business climate, serves as a collaborative platform for regulatory agencies to tackle operational challenges and streamline processes affecting business operations.

Dr. Oduwole, further noted the forum’s alignment with national economic objectives, stressing that a stable and transparent business environment is crucial for attracting investments and fostering economic growth.

The collaboration is expected to improve trust in regulatory practices, align them with international standards, and enhance perceptions of doing business in Nigeria.

Part of the statement read “The Regulators’ Forum is a collaborative platform for regulators in Nigeria, to address and resolve operational bottlenecks and regulatory challenges in doing business.

“The PEBEC Regulators’ Forum (PRF) facilitated comprehensive discussions, decisions, and follow-up actions with participation from heads of PEBEC priority ministries, departments, and agencies (MDAs).

“The expected impact of this collaboration between regulatory bodies will improve Nigeria’s business climate, foster trust and transparency, align regulatory practices with global standards, and enhance the perception on the ease of doing business in Nigeria.”