Presidential Executive Order on the Promotion of Transparency and Efficiency in the Business Environment

What Is This Policy?

A Presidential Executive Order directing all federal agencies, MDAs, and regulatory bodies to implement specific measures to reduce bureaucracy, eliminate corruption, and improve the ease of doing business for investors and entrepreneurs in Nigeria.

Who Does It Target?

Businesses and investors operating or seeking to operate in Nigeria Federal MDAs and regulatory agencies processing business licences and permits Entrepreneurs and SMEs navigating the Nigerian business registration and regulatory environment

What Does It Aim to Achieve?

Reduce the time and cost of starting and operating a business in Nigeria Eliminate corrupt practices and unofficial charges in government service delivery Improve Nigeria's ranking in global Ease of Doing Business indices

Key Features

Time-Bound Service Delivery: Mandatory processing timelines for all business-related government services Elimination of Illegal Fees: Prohibition of unofficial charges, desk fees, and facilitation payments by government officials Digital Processing: Mandatory migration of business licences and permits to online platforms Accountability Mechanism: Reporting and whistleblowing channels for businesses facing regulatory harassment

Current Status

How to Access

Businesses can access streamlined services through PEBEC-approved online portals and report violations through PEBEC's complaint mechanism Business registration with CAC Compliance with sector-specific regulatory requirements Application method: PEBEC – pebec.gov.ng | CAC – cac.gov.ng | Business-specific agency portals

Important Terms

Government officials who extort businesses can be reported to PEBEC and ICPC Agencies that miss mandatory processing timelines are subject to sanctions

Impact & Metrics

Improved business environment is expected to attract foreign investment, grow the informal economy into formality, and create millions of jobs.

Official Resources

Website: pebec.gov.ng Contact: Presidential Enabling Business Environment Council (PEBEC) This policy summary is for informational purposes. For official and legal details, refer to the cited Act or Bill and official government sources.

Legal Framework

Issued under the Presidential powers vested by Section 5 of the 1999 Constitution. Operates alongside the Public Procurement Act 2007, the Fiscal Responsibility Act 2007, the Companies and Allied Matters Act 2020, and the Presidential Enabling Business Environment Council (PEBEC) framework for regulatory reform.