Vice President Yemi Osinbajo, has again stressed the need to evolve award and punishment systems in the public sector as a way of moving the nation forward in all other sectors.
“We have to be committed to what we want to achieve. We must develop a system that punishes bad behaviour and reward good behaviour,”
The Vice President, who spoke today, Tuesday, at the monthly meeting of the Presidential Enabling Business Council (PEBEC) at the Presidential Villa, Abuja, said: “we are at a point when we feel obliged to do our very best to improve in all the factors that will create an enabling environment for businesses in the country.
He wanted the Council to consider different options, and decisions that would be taken in the nation’s ports; on starting a business, construction permits, registering property, getting credit, trading across the borders and enforcement of contracts among others.
President Muhammadu Buhari had established the Council demonstrating the highest possible political will necessary to identify and implement the reforms that will improve the business environment in Nigeria, thereby improving Nigeria’s ranking in the annual World Bank Doing Business global ranking.
Today’s meeting of the Council, with nine cabinet ministers in attendance, included an interactive session with the World Bank team led by the Country Director, Rachid Benmessaoud, and other senior officials from the Washington DC head office of the global financial institution. [myad]
