FG Mulls New Framework To Check Bureaucratic Delays, Promote Ease Of Doing Business
By Sunday Etuka
The Federal Government has disclosed plans to launch a new framework designed to cut bureaucratic delays, eliminate overlapping regulatory demands and make government more responsive to businesses and investors.
This is even as it says it would hold Ministries, Departments and Agencies (MDAs) to measurable performance targets.
Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, announced this recently at a strategic engagement with Heads of Agencies and senior government officials at the Federal Ministry of Finance headquarters in Abuja.
Oyedele, in a statement on Sunday by the
Head information and Public Relations Unit,
Efe Ovuakporie, said the next phase of Nigeriaโs economic reforms must go beyond stabilising the economy to fixing the everyday frustrations businesses encounter in their dealings with government.
He stressed that agencies must make it easier, not harder, for businesses to operate, invest and expand.
To achieve this, he called on agencies to remain within their statutory mandates and eliminate duplicate requirements, multiple fees and unnecessary procedures that increase the cost of doing business.
The Minister outlined a โOne Governmentโ approach under which MDAs would coordinate their activities rather than leave businesses and other applicants to navigate conflicting demands from different institutions. Where mandates overlap, he said, the goal should be one lead agency, one process and one fee.
Oyedele also urged agencies to consult stakeholders before introducing new regulations, assess the economic implications of proposed measures, coordinate with other relevant institutions and give reasonable notice before major policy or regulatory changes take effect.
On public finance, Oyedele directed agencies to remit all revenues due to the government promptly and in full, transfer operating surpluses to the Consolidated Revenue Fund and submit audited accounts as required by law.
He said agency performance would be judged by results, including how quickly services are delivered, whether published timelines are respected and whether regulatory processes become less costly for businesses.
The Minister made clear that the Ministry of Finance would be held to the same expectations, acknowledging that government must also tackle internal obstacles such as slow approvals, delayed releases and outdated rules.
As a next step, the Ministry will review submissions from participating agencies and provide specific feedback within four to six weeks. The draft framework will then be circulated for further consultation, with each agency expected to agree to measurable commitments whose implementation will be reviewed periodically.
The initiative seeks to make public institutions more accountable for the quality and speed of their services, while creating a regulatory environment in which businesses can spend less time navigating government procedures and more time investing, expanding and creating jobs.
