The Presidential Enabling Business Environment Council has reiterated its vision to position Nigeria as a leading destination for global investment and trade. The commitment was highlighted during an award ceremony in Abuja dedicated to recognising public sector innovation and service delivery. Council representatives described Nigeria’s ongoing economic repositioning as intentional and data-led, aligning with the broader reform agenda of the current administration.
A major milestone referenced was the introduction of the Regulatory Impact Analysis Framework earlier this year, designed to strengthen policy implementation through evidence, data and outcomes-based evaluation. The framework is expected to improve regulatory predictability for investors and entrepreneurs, reducing policy bottlenecks that previously hindered business operations. According to the council, countries with strong regulatory systems consistently record higher economic growth, making regulatory efficiency a critical foundation for national development.
With a two-year outlook set on global competitiveness, the council reaffirmed that its goal is to establish Nigeria as one of the most attractive business environments in the world by 2026. Officials at the event emphasised that the country is already experiencing measurable improvements in business processes, especially for exporters, small businesses, and operators navigating bureaucratic systems. They explained that ongoing reforms are simplifying how entrepreneurs register businesses, access permits, trade across borders, and resolve regulatory issues.
Speakers also expressed optimism that the momentum will accelerate if institutions continue to embrace transparency and collaboration. The ceremony, which recognised exemplary public servants, highlighted the role of dedicated civil service contributions in unlocking efficiency across agencies. It was noted that Nigeria has the human capital to deliver far-reaching reforms and that a united public-private approach will be essential to sustaining progress.
For small and medium-scale businesses, the renewed commitment from PEBEC signals a future where regulatory hurdles become lighter and growth pathways clearer. As Nigeria works toward a more predictable and business-friendly climate, SME owners may experience improved access to markets, faster documentation processes, and a more supportive environment for scaling, attracting investment, and competing globally.
