CEM REPORT | The Presidential Enabling Business Environment Council (PEBEC) has said the Seventh National Action Plan (NAP 7.0) is designed to reduce the challenges faced by micro, small and medium enterprises (MSMEs).
The body also disclosed that the reforms undertaken by NAP 7.0 are geared toward enhancing Nigeria’s foreign exchange earnings as stated in the Agro-Export Plan.
This was disclosed in a statement by PEBEC Secretary and Special Adviser to the President on Ease of Doing Business, Jumoke Oduwole, while updating the country on the completion of NAP 7.0.
She further stated that the reforms in the plan, which include the streamlining and simplification of agro-export regulatory practices, have the capacity of boosting the competitiveness of Nigeria’s agro-exports and also reduce the challenges faced by micro, small and medium enterprises (MSMEs) across four areas – Agro-Export Implementation Action Plan, Automation Reforms, Regulatory Reforms and Executive Order 01/ReportGov.NG compliance reforms.
She added that the PEBEC Secretariat would continue to work with MDAs to deliver the outstanding reforms for the benefit of MSMEs and the Nigerian economy.
“The completed reforms for the NAP 7.0 include the publication of insolvency regulations pursuant to the Companies and Allied Matters Act (CAMA) 2020 and providing the much-needed support for the operationalisation of the extensive insolvency provisions in CAMA 2020. In addition, public companies will now be able to upload their share registers on CAC’s Company Registration Portal (CRP).”