As part of efforts to drive the state economy, Edo State has launched the 2024 Business Enabling Reforms Action Plan (BERAP).
BDSunday reports that BERAP was launched during a one-day private sector consultation forum organized by the Edo State Investment Promotion Office (ESIPO) and the Sustainable and Inclusive Economic Development for Decent Employment in Nigeria GIZ-SEDIN Programme.
Speaking at the event, Kelvin Uwaibi, the Secretary of the EoDB Council said BERAP is a comprehensive plan that outlines specific action points across eight key areas to address the critical challenges affecting businesses in the state.
Uwaibu said the state is taking significant steps to enhance its business environment and create a more conducive atmosphere for businesses to thrive.
According to him, the state government’s commitment to addressing these challenges and fostering a more investor-friendly environment is evident in the planned reforms.
“The plan includes initiatives focused on implementing the Edo State Export Strategy Plan, developing an export policy, and establishing cluster schemes for smallholder farmers.
“The government also plans to review the Edo State Electricity Law and explore renewable energy options to improve access to energy.
“Other plans include initiatives to revive the Edo MSME Trust Fund, equip the Edo State Bureau of Statistics with improved data gathering and management capabilities, and enhance magistrates’ capacity for effective courtroom management.
“The government also plans to streamline government processes for easier access and harmonize local government taxes while establishing clear channels for communication and feedback,” he said.
He explained that the forum highlighted the importance of collaboration between all stakeholders, including the Ease of Doing Business Council, government agencies, business member organizations, and the private sector itself.
He opined that the state government’s drive for business growth is hinged on intensified collaboration between the public and private sectors.
“The Edo Ease of Doing Business (EoDB) Council spearheaded discussions aimed at elevating the business landscape within the state for the year 2024.
“The council emphasized the pivotal role of private sector involvement in policy formulation and implementation while unveiling a roadmap brimming with initiatives to foster a more conducive environment for businesses,” he added.