The Lagos Chamber of Commerce & Industry (LCCI) has commended the Federal Government on efforts to improve the business operating environment.
Its President, Mrs Nike Akande commended the creation of the Presidential Enabling Business Environment Council (PEBEC), chaired by the Acting President, Prof Yemi Osinbajo and the Minister of Trade and Investment, Dr Okechukwu Enelamah as Vice Chairman.
In a statement, she said the profile of the council, underscored the importance that the government attaches to business environment issues and by extension private sector development.
Improvements in the business environment will impact positively and significantly on productivity, prosperity, and progress of the private sector she stated.
Akande said LCCI expect that the PEBEC initiative will remove the numerous obstacles and barriers, which have been a source of frustration to entrepreneurs and would reposition the private sector to play a much more important role in the economic recovery process.
“We commend the 60-day national action plan for ease of doing business as articulated by government. The specifics of this action plan include: reduction in the time required for business registration at the Corporate Affairs Commission (CAC); reduction in the period it takes for product registration by relevant regulatory agencies of government and transparency and inclusiveness in the procurement processes among others,” she said.