Sunday, February 28, 2021
  • Markets & Companies
    • Stock Market
    • Companies
    • Appointments
    • Commodities
  • Business & Economy
    • Energy
    • Agricultural Economy
    • Insurance & Pensions
    • Aviation
    • Maritime
    • Road Transport
    • Financial Inclusion
    • Investment
    • Manufacturing
    • Consumer Goods
  • Innovation
  • MSME
  • Empire
  • Opinion
  • Cultural Currents
  • Features
  • AE Magazine
  • Corporate Rendezvous
Financial Street is a meeting point for technology, economy, and journalism.
No Result
View All Result
  • Markets & Companies
    • Stock Market
    • Companies
    • Appointments
    • Commodities
  • Business & Economy
    • Energy
    • Agricultural Economy
    • Insurance & Pensions
    • Aviation
    • Maritime
    • Road Transport
    • Financial Inclusion
    • Investment
    • Manufacturing
    • Consumer Goods
  • Innovation
  • MSME
  • Empire
  • Opinion
  • Cultural Currents
  • Features
  • AE Magazine
  • Corporate Rendezvous
Financial Street is a meeting point for technology, economy, and journalism.
No Result
View All Result

Presidency summons Nigerian agencies over Cost of Compliance Report

by Ehime Alex
January 20, 2021
in Empire
0
Presidential Enabling Business Environment Council
0
SHARES
9
VIEWS
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsApp

Nigeria’s Presidential Enabling Business Environment Council, chaired by Vice President Yemi Osinbajo, has summoned some heads of Federal Government regulatory agencies to defend the ‘Cost of Compliance Report’ presented to the council on Tuesday.

In the report, the council detected irregularities in the operations of the agencies.

READ ALSO

WHO supports COVID-19 surveillance in Nigeria

UN seeks $164m for displaced Central Africans

A statement on Wednesday by the Vice President’s spokesman, Laolu Akande, disclosed that the report revealed persistent corruption, duplicity of functions, poor service orientation, and several anti-business dispositions in some of the agencies.

Read Also:

  • Fintech growth in Nigeria and challenges for SMEs
    Fintech growth in Nigeria and challenges for SMEs
  • NPA, shippers, others join forces for onboard cargo inspection
    NPA, shippers, others join forces for onboard cargo…
  • Angola's 65 years oil history good, but...
    Angola's 65 years oil history good, but...

While interactions take place regarding the worrying disclosures detected in the survey reportedly conducted by PricewaterhouseCoopers, Osinbajo directed that the agencies involved be presented with the outcomes.

He said since the report revealed avoidable human issues, doing otherwise would only jeopardise the government’s efforts in creating a conducive business environment.

“If the environment, on account of regulatory authorities, is so difficult or expensive, such that people are discouraged or it doesn’t make sense for people to do business, then we are shooting ourselves in the foot. These are human issues and we must do something very serious about them.

“I am in full support of holding our chief executive officers to account because they, in turn, must hold their staff to account. If there is systemic corruption, bribery and extortion, and nobody is held to account, there is a problem,” the vice president said.

He stressed that government’s plan in growing the economy and making lives better for Nigerians was largely dependent on the business environment.

Every plan about sustaining economic growth, improving job creation and opportunities, making life better for the citizens, among others, depends entirely on the environment in which people have to do business, he added.

close
Subscribe to our newsletter and join thousands of readers of our financial, economic & investments news blog!
We don't spam with your email

Check your inbox or spam folder to confirm your subscription.

  • Facebook
  • Twitter
  • Pinterest
  • LinkedIn

Tags: Cost of Compliance ReportNigerian agenciesPresidency

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe

Related Posts

2021 will be critical in fighting COVID-19, climate – Guterres
Covid19

WHO supports COVID-19 surveillance in Nigeria

February 26, 2021
Investisseurs & Partenaires closes IPAE 2 fund at €75m
Empire

UN seeks $164m for displaced Central Africans

February 26, 2021
CIBN, NIBSS unveil e-payment certification for financial institutions
Empire

CIBN, NIBSS unveil e-payment certification for financial institutions

February 24, 2021
Red Cross launches SFr8.5m appeal against Ebola spread
Empire

Red Cross launches SFr8.5m appeal against Ebola spread

February 24, 2021
PAP committed to empowering beneficiaries, says Dikio
Empire

PAP adopts new empowerment model for delegates

February 24, 2021
Seven die in NAF plane crash
Empire

Seven die in NAF plane crash

February 21, 2021
Next Post
ITFC launches letter of credit confirmation facility

AfDB, EIB sign pact to fast-track development in Africa

RECENT STORIES

NDLEA seizes Tramadol worth N50m in Adamawa

NDLEA seizes Tramadol worth N50m in Adamawa

February 28, 2021
FRSC moves to crash road fatalities

FRSC moves to crash road fatalities by 20%

February 27, 2021
Nigeria govt, GenColock hornsover N13.2bn electricity invoice

Lagos SMEs can’t breathe under epileptic electricity

February 27, 2021
NCS intercepts N950m worth of pangolin scales, lion bones at Apapa

Nigerian ports recorded 2.2% cargo decrease in 2020 – NPA

February 27, 2021
Nigeria, ABU may partner on fiscal policy formulation

Nigeria, ABU may partner on fiscal policy formulation

February 27, 2021
Angola's 65 years oil history good

Angola’s 65 years oil history good, but…

February 27, 2021
Fintech growth in Nigeria and challenges for SMEs

Fintech growth in Nigeria and challenges for SMEs

February 27, 2021

TRENDING

  • Financial Street - NSE to host 4th edition of equities market data workshop

    Nigeria’s equities advance further by 0.14%

    2 shares
    Share 0 Tweet 0
  • CIBN’s mentoring scheme critical to banking sector – Stakeholders

    2 shares
    Share 0 Tweet 0
  • United Capital posts 57% growth

    2 shares
    Share 0 Tweet 0
  • Nigerian bank customers lose N3.35bn to fraudsters

    0 shares
    Share 0 Tweet 0
  • Zenith Bank posts N230bn profit, pays N2.70/share

    0 shares
    Share 0 Tweet 0
Financial Street is a meeting point for technology, economy, and journalism.

© Financial Street 2020. All Rights Reserved.

More Links

  • Privacy Policy
  • Terms of Use
  • Contact Us

Follow Us

No Result
View All Result
  • Markets & Companies
    • Stock Market
    • Companies
    • Appointments
    • Commodities
  • Business & Economy
    • Energy
    • Agricultural Economy
    • Insurance & Pensions
    • Aviation
    • Maritime
    • Road Transport
    • Financial Inclusion
    • Investment
    • Manufacturing
    • Consumer Goods
  • Innovation
  • MSME
  • Empire
  • Opinion
  • Cultural Currents
  • Features
  • AE Magazine
  • Corporate Rendezvous