By Mohammed Bello Doka
The Presidential Enabling Business Environment Council (PEBEC) disclosed that out of the 39 Ministries, Departments, and Agencies (MDAs) of the government, merely 10 achieved a score above 50% in the Business Facilitation Act (BFA) performance results for the year 2023.
Released yesterday, the results emphasized the imperative for MDAs to establish Business Facilitation Act (BFA) Implementation Reform Committees.
According to PEBEC, "Strategic measures to enhance sector-specific metrics must be prioritized, with only 10 MDAs scoring above 50% and a weighted average score of 34.87% across the 39 MDAs. MDAs must undertake concrete steps to elevate efficiency and transparency ratings before the 2024 reporting period concludes."
Highlighting the necessity for urgent action, PEBEC urged MDAs to establish BFA Implementation Reform Committees promptly. These committees will spearhead BFA implementation initiatives within MDAs, accelerating strides towards fostering transparency and accountability.
"We strongly encourage the MDAs covered in this report to leverage empirical data and past BFA reports (since 2018) to drive essential improvements in efficiency and transparency," stated PEBEC.
Meanwhile, the Business Facilitation Act performance results for 2023 showcased the Nigerian Content Development and Monitoring Board (NCDMB) leading with the highest score of 70.07%, positioning the agency atop the efficiency and transparency compliance ranking scale among MDAs.
Delving into the detailed analysis of the latest results spanning January 2023 to December 2023 (BFA Compliance Report), the top five MDAs with commendable performances include NCDMB (70.07%), Standards Organization of Nigeria (SON) (69.5%), Corporate Affairs Commission (CAC) (65.12%), Federal Competition and Consumer Protection Commission (FCCPC) (65.04%), and Nigerian Export-Import Bank (NEXIM) (63.51%).
In response to the findings, Dr. Jumoke Oduwole, the Special Adviser to the President on PEBEC and Investment, underscored PEBEC's consistent publication of Compliance Reports over the past seven years, offering an empirical analysis of monthly reports from MDAs.
Oduwole explained that an MDA’s EO1 performance score hinges on efficiency and transparency measures, with a ratio of 70% to 30%, respectively.
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