PEBEC Unveils Regulatory Impact Analysis (RIA) Framework to Boost Nigeria’s Business Environment
By Raymond Enoch
New Framework to Enhance Business-Friendly Regulations
The Presidential Enabling Business Environment Council (PEBEC) has launched the Regulatory Impact Analysis (RIA) Framework, a strategic initiative designed to improve Nigeria’s regulatory landscape for businesses. This innovative approach aims to enhance transparency, accountability, and evidence-based decision-making in poli
The RIA Framework is a structured system that assesses the potential impact of regulations on businesses, citizens, and the economy. By integrating this tool into the regulatory process, policymakers can make data-driven decisions, reduce unnecessary burdens, and foster a more conducive business environment.
The framework aligns with President Bola Ahmed Tinubu’s 8-Point Agenda and the National Action Plan on Ease of Doing Business, reinforcing Nigeria’s commitment to improving its investment climate and accelerating economic growth.
Speaking at the launch, Princess Zahrah Mustapha Audu, Director General of the PEBEC Secretariat, reaffirmed the government’s dedication to supporting business development.
“We are committed to ensuring that regulations support business growth rather than hinder it. The RIA Framework is a major step toward creating a more business-friendly environment in Nigeria,” she stated.
Implementation Across Sectors for Lasting Impact
The RIA Framework will be rolled out across various sectors and levels of government, ensuring a coordinated and effective regulatory reform process. The implementation will be supported by training programs, technical assistance, and guidance materials to help stakeholders navigate the system efficiently.
“By adopting an evidence-based approach to regulation, we aim to stimulate economic growth, encourage investment, and enhance the quality of life for Nigerians,” Princess Zahrah added.
A Collaborative Effort for National Growth
PEBEC is working closely with private sector stakeholders, civil society organizations, and development partners to ensure the success of the RIA Framework. This initiative is expected to make Nigeria a more attractive destination for investors and entrepreneurs, driving sustainable economic prosperity.
With this milestone, PEBEC reinforces its mission to create an enabling business environment where enterprises can thrive, ultimately leading to job creation, innovation, and improved living standards for all Nigerians.
