PEBEC Suspends New MDA Policies to Protect Businesses

The Presidential Enabling Business Environment Council (PEBEC) has announced the suspension of new policies from Ministries, Departments, and Agencies (MDAs) to safeguard businesses in Nigeria. This decision, communicated by PEBEC's Director General, Princess Zahrah Mustapha Audu, aims to prevent disruptions in business operations.

The suspension will remain in effect until MDAs fully comply with the Regulatory Impact Analysis (RIA) framework, which is designed to ensure that government policies are based on verified data and do not negatively impact businesses and investors. PEBEC emphasized its commitment to improving the regulatory quality and ensuring that policies are evidence-based.

The RIA framework is set to be introduced in January 2025, enhancing transparency and stakeholder confidence in government decisions. Additionally, the federal government is working towards a paperless workflow by the end of 2025, with the latest implementation of an enterprise content management system noted in September of the previous year.