By Ladi Gbegi
Federal Government has reiterated its commitment to enhancing Nigeria’s business environment by ensuring regulatory stability, reducing bureaucratic hurdles, and fostering strategic partnerships to boost economic competitiveness.
Minister of State for Industry, Trade, and Investment, Senator John Enoh made this statement at the Renewed Hope Global Virtual Conference 2025, emphasizing the government’s efforts to streamline business operations and enhance investor confidence.
According to Enoh, the Presidential Enabling Business Environment Council ,PEBEC, remains a key driver of reforms aimed at simplifying business processes.
“PEBEC, previously led by the Minister of Trade and Investment, Dr. Jumoke Oduwole, has played a crucial role in improving the business climate. A new head has now been appointed to continue this important work”, he said.
The Minister assured that government policies are continuously evolving to keep Nigeria competitive within the sub-region, across the continent, and on the global stage.
“While we have not achieved everything yet, our goal is clear to create a business environment that supports industrial growth, attracts investment, and generates employment opportunities”, he added.
Enoh stressed the importance of policy predictability and regulatory transparency, stating that investors need assurance that regulations will remain stable or, if changes occur, they will be well-communicated in advance.
“The government recognizes this concern and is working towards ensuring a stable business climate”, he noted.
Acknowledging past challenges faced by businesses, Enoh assured that under President Bola Tinubu’s administration, efforts are being made to hold regulatory agencies accountable and eliminate bureaucratic bottlenecks.
“I understand the frustrations caused by procedural delays, but that is why PEBEC and other regulatory bodies exist to remove obstacles and ensure smoother business operations”, he stated.
The Minister also highlighted the need for synergy among government agencies, noting that many have operated in silos.
“Once all agencies align with the common goal of advancing Nigeria’s economic growth, achieving our objectives will become much easier”, he emphasized.
Enoh further disclosed that the government is collaborating with FCMB to improve access to finance for small businesses.
“In our meeting yesterday, I stressed that this partnership must provide real value. It should not be solely profit-driven but should align with the government’s vision of supporting businesses at reasonable costs”, he revealed.
He assured that the administration remains committed to addressing business challenges, enhancing regulatory transparency, and fostering meaningful partnerships that benefit Nigerian entrepreneurs.
“This government is intentional about reform. We are determined to make it easier to do business, ensure transparency in regulations, and establish partnerships that truly empower businesses”, Enoh concluded.
