The Presidential Enabling Business Environment Council( PEBEC), chaired by Vice President Yemi Osinbajo, has received the Cost of Compliance Report, which exposes major pitfalls in operations of some Federal Government regulatory agencies.
Nigerian govt worried as survey reveals corruption, inefficiency, other rots in regulatory agencies
Mr Osinbajo directed that CEOs and heads of such government regulatory agencies involved should be presented with the outcomes and interaction should take place regarding some of the worrying disclosures in the report of the survey.
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A survey reviewed by senior officials of the Nigerian government has revealed persistent corruption, duplicity of functions, poor service orientation, and several anti-business disposition in some of Nigeria’s regulatory agencies, an official has said.
The Cost of Compliance Report by the global auditing firm, PwC, was presented by Vice President Yemi Osinbajo to the Presidential Enabling Business Environment Council (PEBEC) on Wednesday, according to a statement by Laolu Akande, Mr Osinbajo’s spokesperson.
In a renewed attempt at further deepening the reforms of the nation’s business environment, the Presidential Enabling Business Environment Council, PEBEC, has resolved that CEOs and Heads of some Federal Government regulatory agencies be presented with the outcome of a recent survey that exposes major pitfalls in the operations of the agencies.
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