The Presidential Enabling Business Environment Council (PEBEC) has revealed that only 10 out of 39 Ministries Departments and Agencies of government scored above 50 per…
The Presidential Enabling Business Environment Council (PEBEC) has revealed that only 10 out of 39 Ministries Departments and Agencies of government scored above 50 per cent in the Business Facilitation Act (Business Facilitation (Miscellaneous Provisions) Act (BFA) 2022 performance results for the year 2023.
The results released by PEBEC Sunday therefore urged MDAs to set up a Business Facilitation Act (BFA) implementation Reforms Committee.
The PEBEC said: “With only 10 MDAs scoring above 50% and a weighted average score of 34.87% across the 39 MDAs, strategic measures to enhance sector-specific metrics will need to be prioritized. Thus, MDAs must take concrete steps to improve efficiency and transparency ratings before the end of the 2024 reporting period.
“Most importantly, MDAs should as a matter of urgency set up BFA Implementation Reform Committees. These committees will be responsible for steering BFA implementation initiatives in the MDAs, and accelerating the strides taken in promoting a culture of transparency and accountability.
“We strongly urge the MDAs covered in this report to draw insights from empirical data and past BFA reports (since 2018) to drive essential improvements in efficiency and transparency,” it stated.
Meanwhile, the BFA performance results for the year 2023 showed that the Nigerian Content Development and Monitoring Board (NCDMB) has the highest score of 70.07% placing the agency on the top of the chart in efficiency and transparency compliance ranking scale among the other Ministries, Departments, and Agencies (MDAs) in the country.
Notably, the detailed analysis of the latest result covering January 2023 – December 2023 (BFA Compliance Report) showed top five MDAs with commendable performance among which are 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%.
Commenting on the results, Dr Jumoke Oduwole, the Special Adviser to the President on PEBEC and Investment, noted that over the past seven years, PEBEC has consistently published Compliance Reports, providing an empirical analysis of the monthly reports from MDAs.
She said an MDA’s EO1 performance score is based on efficiency and transparency measures, with a 70% to 30% ratio, respectively.
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