Admin
The Nigerian Content Development and Monitoring Board (NCDMB) has retained its position as the best Federal Agency in transparency and efficiency in business, continuing the streak of excellence in the delivery of its mandate.
For the second year in a row, NCDMB won the top spot in the Federal Government’s rating of ministries, departments, and agencies (MDAs) with a score of 83.06% in the 2023 Half Year Executive Order 001 Compliance rating, which covered the period from January to June 2023. The report, which was made public on Monday, builds on the Board’s excellent 2022 performance, when it also emerged as the year’s best performer.
Join our WhatsApp ChannelThe Presidential Enabling Business Environment Council (PEBEC) compiles the Executive Order 001 (EO1) Compliance Report based on a weighted combination of the directives’ efficiency and transparency scores.
READ ALSO: NCDMB Emerges Best MDA In Efficiency, Transparency
The goal of the EO1 on the Promotion of Transparency and Efficiency in the Business Environment, which was released on May 18, 2017, by former President Muhammadu Buhari, is to remove obstacles in order to make it easier for policies and practices that would promote a business-friendly environment, especially for startups.
PEBEC explained that an “MDA’s EOI overall performance is a combination of scores on the Efficiency and Transparency measures weighted at 70 per cent and 30 per cent of the overall score respectively.” It added that “the top performing MDAs differentiate themselves by achieving a balanced performance on both the Efficiency and Transparency scales.”
The agency’s compliance with its service delivery schedules is crucial for Efficiency. The main factors affecting transparency are the presence and operation of websites, as well as the accessibility of comprehensive data on budgets, schedules, legal obligations, and customer support channels. When combined, these measures would eradicate systemic abuses, such as rent-seeking practices.
This latest award follows NCDMB’s emergence as “a Level 5 Platinum Level organisation” in a summary report of the Bureau of Public Service Reforms (BPSR) Self-assessment Tool (SAT) released in January 2023, a rating which translates as “Exceptional Performance with a performance level of 90.5%.”
This accomplishment underscores NCDMB’s unwavering dedication to creating an environment conducive to local and international businesses as well as putting in place initiatives aimed at streamlining processes, reducing bureaucratic bottlenecks, and ensuring that businesses in Nigeria can operate freely.
