Vice President Kashim Shettima has called on Nigeria’s regulatory agencies to eliminate overlapping responsibilities and align their efforts with President Bola Tinubu’s economic growth agenda.
Speaking at the Presidential Enabling Business Environment Council (PEBEC) in Abuja, Shettima stressed the importance of streamlining regulations to improve transparency, global competitiveness, and economic transformation.
He urged regulators to modernise processes, listen to private sector concerns, and develop solutions that drive growth.
“Our duty to the private sector is clear: to listen, process their concerns, and develop solutions that drive growth. In recent months, there have been pockets of complaints regarding certain directives from our regulatory agencies,” he said.
The vice president restated the administration’s commitment to building a regulatory system based on trust and collaboration. He also highlighted the need for unity in regulatory actions to avoid conflicts, which he has personally intervened to resolve in the past.
“Time and again, President Tinubu has reassured the business community of his commitment to easing any bottlenecks they may encounter, and each regulator here must adopt the same mind-set in their dealings with private enterprises,” he said.
The forum was a key opportunity to address inefficiencies and promote regulatory cohesion, essential for attracting investment and boosting Nigeria’s economy.
Major regulatory agencies, including Nigerian Communications Commission (NCC), Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigerian Electricity Regulatory Commission (NERC), Nigerian Data Protection Commission (NDPC), and the Nigerian Maritime Administration and Safety Agency (NIMASA), were tasked with adopting reforms to support economic growth.