Peer review of business environment

The Nigerian Economic Summit Group (NESG) in collaboration with the SBL and ENABLE2 (an affiliate of the UK DFID) jointly reviewed the legislative, regulatory, and other associated instruments affecting the ease of doing business in Nigeria. The exercise was an initiative of the National Assembly (NASS) and the SBL team led by Mr. Seni Adio distinguished the NBA at the Stakeholders’ Forum organized by the NASS based on the incisive recommendations made and, notably, the commendations received from various stakeholders.

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Ex-Minister for Power, Dr. Lanre Babalola on Power Sector Reforms: When Will the Lights Come On?

The former Minister for Power began by highlighting some of his experiences in the Power Sector which culminated in his appointment as Minister for Power. He highlighted that reform is a major requirement for improving the power sector, but that despite these reforms, the industry has been experiencing some challenges. In what he described as the fourth phase of the reform, being the EPS, he emphasized that it is pertinent for the reforms to complete this phase if it is indeed going to meet the expectations of Nigerians.

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CAC Collaboration

In furtherance of its objectives, the SBL council in February 2015 engaged the registrar-general and management of the CAC for possible collaborations that would improve the operations of the commission, develop business practices in Nigeria and enhance the country’s ‘doing business’ profile globally. An aftermath of that meeting was the establishment, in August 2015 of a joint working committee by the two bodies to promote regular and constructive engagements for the enhancement of business practice in Nigeria. The joint committee is in operation now and continues to have regular engagements on the enhancement of business practices in Nigeria.

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