The Presidential Enabling
Business Environment Council (PEBEC) through its secretariat has released the
national action plan in its continuous bid to facilitate ease of doing business
in Nigeria.

The national action plan
is supposed to last for a period of 60 days from the 3rd of
October to 31st of December 2017 and it is to cut across 11
major areas in the economy.

Also of note with the plan
is that as it affects various sectors, they are specific to different regions
in the country.

The innovations contained
in the plan are as follows,
  • Incorporation: Incorporation
    is expected to be easier with one of the processes removed and about 72
    hours removed from the procedure.

  • Construction: It
    is expected that obtaining construction permits get easier with the time
    frame for obtaining governor’s consent set at a maximum of 30 days.

  • Property Registration: The
    introduction of e-consent by the governor is included with clearly defined
    fee schedules made available to public. Also statistical information on
    land disputes is to be available online.

  • Getting Electricity: There
    is to be further reduced time to get connected to the grid by deploying
    online systems and a revised procedure for connection and strict adherence
    to the timeline

  • Access to Credit Facilities: There
    is an increase in number of financial institutions on the collateral
    registry with about at least 300 microfinance banks joining the National
    Collateral Registry and increased usage of credit scoring services by
    banks and other financial institutions.

  • Tax Remittance: The
    plan is expected to simplify the process and reduce the time for paying
    taxes with all large and medium size enterprises to be registered on
    e-filing system.

  • International Trade: The
    plan is expected to cover cross border trading by joint examination of
    import cargo in Lagos (led by Nigerian Custom Services) and prevent
    multiple inspections. Also, there will be strict compliance with 48-hour
    scheduling process by pre-shipment inspection agents. Also, export
    documentation and import documentation has been reduced to 7 and 8

  • Enforcement of Contracts: The
    plan is to address the time spent in court relating to commercial

  • Public Procurement: The
    plan is to address the process of procurement by government for SMEs.
    Also, the Bureau of Public Procurement will ensure compliance of relevant
    government agencies to laid down procedures and timelines.

  • Immigration: The
    plan addresses the experience of travelers entering and leaving Nigeria.
    The plan would ensure reduction of time spent at the airports.
    Streamlining of the processes for entering the country is also expected to
    be worked on with a Single Passenger Clearance system at airports to
    reduce average clearance time by 50%. Processing and approval of Temporary
    Work Permit (TWP) within 48 hours is also expected. There is also going to
    be the introduction of Automated Expatriate Quota (EQ) application process
    at the Federal Ministry of Interior to ease entry of expatriates.

  • Local Trade: The
    plan also encompasses trade practices within the locality. Plans will
    include the simplification of the process of registering food and drugs at
    NAFDAC, removal of illegal road blocks, clear backlog of outstanding marks
    at the trademark registry among other things.