Osinbajo Signs 3 Executive Orders To Boost Ease Of Doing Business

  • Exercises Presidential Powers

Amidst growing concerns of members of a certain cabal causing confusion at the presidency, Acting President Yemi Osinbajo on Thursday signed three executive orders to boost ease of doing business in Nigeria.

The orders he signed were“the promotion of transparency and efficiency in the business environment, designed to facilitate ease of doing business in Nigeria; support for local content in public procurement by the government, and timely submission of annual budgetary estimates by all statutory and non-statutory agencies”.

READ ALSO:   Osinbajo, Oyegun, Attend APC Governorship Campaign in Anambra

This action is coming amid rumours that acting president is being undermined by some persons in government.

In an interview on Channels TV on Wednesday, Ita Enang, legislative aide of president Muhammadu Buhari, said that Buhari, who is in the UK for medical treatment, would sign the 2017 budget.

But a few hours later, Laolu Akande, media aide of Osinbajo, said the acting president would assent to the budget when he is satisfied with all components in it.

READ ALSO:   Crisis Brews As Buhari Failed To Name Osinbajo Acting President In Letter To N/Assembly

This has sparked a wild controversy over the authority of Osinbajo as acting president.

Regardless, the acting president is pursuing the goals of the Buhari administration by emphasising the government’s preference for indigenous goods and services as well as the removal of bureaucracies that stalls doing business in the country.

Ministry of trade and investment alongside the Presidential Ease of Doing Business Council (PEBEC) are expected to monitor the compliance of the stipulated orders.

READ ALSO:   Ease of Doing Business: Presidential Council Tours South-South States, Lists Gains

The New Diplomat learnt the Acting President has frowned at the administrative bureaucracy that affects the ease of doing business in the country through a tweet last night via his official twitter handle, @ProfOsinbanjo saying “every time, a public servant is an obstacle to anyone seeking approvals or licenses, he/she attacks the Nigerian economy.”

READ ALSO:   N33bn Fraud: Moves To Impeach Osinbajo Looms In Senate

“The Executive Orders will significantly change some of the ways government business and operations are conducted forthwith.”

“So we must now insist that at State banquets we eat and drink Nigerian,” he said.

Also, the Acting President at an interactive session held at the State House Conference Centre in Abuja, said the government will work out incentives for performance even as it builds reward system that punishes malfeasance.

READ ALSO:   Osinbajo Hails Media Contribution to Nigeria’s Development

Osinbajo highlighted the importance of cooperation amongst agencies of government stating that it was key in achieving an improved business clime that will be at par with global standards.

According to him in the first 60 days target set up by the government to ensure 70 percent effectiveness was achieved and the 30 percent can be achieved through continuous transparency and cooperation of government agencies.

READ ALSO:   Osinbajo to Lead Dangote, others to Alaghodaro Investment Summit

“I agree that a system of rewarding performance, and punishing malfeasance is key. we must work out incentive schemes even as we tighten up sanctions regimes.

“We hit 70 percent quickly on the 60 days of doing business target because of the cooperation of all the agencies like ministry of interior, immigrations, customs etc and that is why the remaining 30percent we will also achieve and deliver. I will hold myself accountable to it and I will also hold you accountable.

READ ALSO:   How Ribadu Son's Wedding Became A Political Gathering....

“Usually we blame the system . But the system is men and women not machines. So we can and must reform it. These proposed executive orders present a unique opportunity to perform.

“Ladies and gentlemen let us perform. The President has laid out a cornerstone  policy of this administration…we must grow what we eat and make what we use. The President again enunciated this principle in the Economic Recovery and Growth Plan…Buy Nigerian, Use Nigerian.

READ ALSO:   Osinbajo’s Chopper Crash-lands In Kogi

“So we must now insist that at State banquets we eat and drink Nigerian.”

Subscribe to Our VIP Newsletter

Previous articleSenate To Halt Gas Flaring In New Bill
Next articleFurore Over Transparency International Report… It’s a Calculated Attempt at Blocking Int’l Support, Says DHQ
Hamilton Nwosa

The New Diplomat stands for ethical journalism, press freedom, accountable republic, and gender-equity. That is why at The New Diplomat, we are committed to speaking truth to power, fostering a robust community of responsible journalism, and using high quality polls, data, and surveys to engage the public with compelling narratives about political, business, socio-economic, environmental, and situational dynamics in Nigeria, Africa, and globally. From our insightful reports of political issues to our riveting investigations and analyses of business, socio-economic, and cross-cutting sectors, The New Diplomat remains ever committed to investigative reporting and ethical journalism. Support and partner with The New Diplomat today, to guarantee a positive future for all under an atmosphere of free press!


Please enter your comment!
Please enter your name here