By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Times ReportersTimes Reporters
  • Home
  • News
  • Politics
  • Business
    • Economy
  • Sports
  • Entertainment
  • About Us
  • Bookmarks
Search
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Reading: PEBEC Releases BFA 2023 Performance Ranking Results, Scores NCDMB Highest
Share
Sign In
Notification Show More
Latest News
2027: Peter Obi remains the best choice – Obidigbo
Metro News Politics
Read to Lead’ campaign boosts child literacy
Education Metro News
Hon. Nnabuife mourns passing of Chief Sylvester Anyarue Ezeokenwa
News Politics
Youth assembly appeals to Tinubu to address insecurity, economic challenges
News Youths
World Bank trains 17 journalists on natural capital reporting Reporting
Business News
Aa
Times ReportersTimes Reporters
Aa
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Search
  • Home
  • News
  • Politics
  • Business
  • Sports
  • Entertainment
  • About Us
Have an existing account? Sign In
Follow US
  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
© 2024 Times Reporters | All Rights Reserved.
Times Reporters > Business > PEBEC Releases BFA 2023 Performance Ranking Results, Scores NCDMB Highest
BusinessNews

PEBEC Releases BFA 2023 Performance Ranking Results, Scores NCDMB Highest

Publisher
By Publisher Published April 22, 2024
Share
4 Min Read
SHARE

The Presidential Enabling Business Environment Council (PEBEC) has said the Nigerian Content Development and Monitoring Board (NCDMB) maintained an excellence streak in the efficiency and transparency compliance ranking scale among the other Ministries, Departments, and Agencies (MDAs) in the country.

The NCDMB was ranked the highest of 70.07 per cent.

This was contained in the overall 2022 Business Facilitation Act (Miscellaneous Provisions) Act performance results for the year 2023 which was released at the weekend by PEBEC.

- Advertisement -
Ad image

Notably, the detailed analysis of the latest result covering January 2023 – December 2023 (BFA Compliance Report) showed top five MDAs with commendable performance among which are NCDMB 70.07 per cent, Standards Organization of Nigeria (SON) 69.5 per cent,

Others are: Corporate Affairs Commission (CAC) 65.1per cent, Federal Competition and Consumer Protection Commission (FCCPC), 65.04 per cent, and Nigerian Export- Import Bank, (NEXIM) 63.51 per cent.

Vanguard had previously reported that NCDMB still came tops when PEBEC released its 2023 Half-Year EO1 Compliance Report sometime in October 2023.

The Presidential Enabling Business Environment Council (PEBEC) was established in July 2016 by the Federal Government to oversee Nigeria’s business environment intervention with the dual mandate of removing bureaucratic and legislative constraints to doing business and improving the perception of the ease of doing business in Nigeria.

PEBEC, however, urged MDAs to take concrete steps to improve efficiency and transparency ratings before the end of the 2024 reporting period as only 10 MDAs out of 39 scored above 50 per cent.

“With only 10 MDAs scoring above 50% and a weighted average score of 34.87% across the 39 MDAs, strategic measures to enhance sector-specific metrics will need to be prioritized. These MDAs must take concrete steps to improve efficiency and transparency ratings before the end of the 2024 reporting period.

“Most importantly, MDAs should as a matter of urgency set-up BFA Implementation Reform Committees. These committees will be responsible for steering BFA implementation initiatives in the MDAs, accelerating the strides taken in promoting a culture of transparency and accountability.

“This will be in furtherance of the implementation strategies of the 8-point agenda of the Administration of President Bola Ahmed Tinubu GCFR, designed to boost economic reforms for sustained inclusive growth across all sectors.

“We strongly urge the MDAs covered in this report to draw insights from empirical data and past BFA reports (since 2018) to drive essential improvements in efficiency and transparency” the organization added.

According to PEBEC, the high-performing MDAs demonstrated commendable performance in both efficiency and transparency through diligent adherence to their Service Level Agreements (SLAs) during the 2023 reporting year, adding that the overall performance of MDAs highlights the need for massive improvement in key BFA Compliance metrics.

Earlier, Dr. Jumoke Oduwole, the Special Adviser to the President on PEBEC and Investment, noted that over the past seven years, PEBEC has consistently published Compliance Reports, providing an empirical analysis of the monthly reports from MDAs.

She said that an MDA’s EO1 performance score is based on Efficiency and Transparency measures, with a 70% to 30% ratio, respectively.

According to her, efficiency measures compliance with service delivery timelines and directives of the EO1, while Transparency is assessed based on website updates, online service portals, detailed service information, timelines, costs, statutory requirements, and customer service contact details.

Like this:

Like Loading...

Related

You Might Also Like

2027: Peter Obi remains the best choice – Obidigbo

Read to Lead’ campaign boosts child literacy

Hon. Nnabuife mourns passing of Chief Sylvester Anyarue Ezeokenwa

Youth assembly appeals to Tinubu to address insecurity, economic challenges

World Bank trains 17 journalists on natural capital reporting Reporting

TAGGED: NCDMB, PEBEC

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Publisher April 22, 2024
Share this Article
Facebook Twitter Whatsapp Whatsapp LinkedIn Telegram Email Copy Link Print
Share
Previous Article Bandits abduct Army Captain, kill six soldiers, many vigilantes in Niger, Sokoto
Next Article FG to partner Libya to tackle proliferation of small arms, light weapons
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Stay Connected

Facebook Like
Twitter Follow
Instagram Follow
Youtube Subscribe
Telegram Follow

– Member of –

- Advertisement -
Ad imageAd image

Latest News

2027: Peter Obi remains the best choice – Obidigbo
Metro News Politics May 24, 2025
Read to Lead’ campaign boosts child literacy
Education Metro News May 23, 2025
Hon. Nnabuife mourns passing of Chief Sylvester Anyarue Ezeokenwa
News Politics May 22, 2025
Youth assembly appeals to Tinubu to address insecurity, economic challenges
News Youths May 22, 2025

You Might also Like

MetroNewsPolitics

2027: Peter Obi remains the best choice – Obidigbo

May 24, 2025
EducationMetroNews

Read to Lead’ campaign boosts child literacy

May 23, 2025
NewsPolitics

Hon. Nnabuife mourns passing of Chief Sylvester Anyarue Ezeokenwa

May 22, 2025
NewsYouths

Youth assembly appeals to Tinubu to address insecurity, economic challenges

May 22, 2025
Times ReportersTimes Reporters
Follow US

© 2024 Times Reporters | Deigned by AuspiceWeb Graphics. All Rights Reserved.

  • Home
  • About Us
  • Advertise
  • Join Us
  • Terms of Use
  • Privacy Policy
Join Us!

Subscribe to our newsletter and never miss our latest news!

Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?
%d