In a bid to enhance Nigeria's economic resilience, Vice President Kashim Shettima has called on state governments to fully leverage the $750 million State Action on Business Enabling Reforms (SABER) programme. This initiative is designed to streamline investment processes and improve the business climate across states, crucial for attracting foreign investment and fostering local entrepreneurship.
During a recent meeting, Shettima emphasized the need for urgency in implementing the program's initiatives, stating, "We must not allow this opportunity to slip away. The success of SABER hinges on our collective commitment at the state level." His directive to the Director-General of the Presidential Enabling Business Environment Council (PEBEC) to seek a one-year extension reflects a recognition of the challenges states face in operationalizing these reforms.
As Nigeria grapples with economic recovery post-pandemic, the onus is now on state governments to adopt and adapt the SABER framework effectively. The forthcoming year presents a pivotal moment for states to harness the programme's potential, shaping a more conducive business environment that could ultimately drive sustainable growth and development.
