The Presidential Enabling Business Environment Council (PEBEC) has received the Financial Markets Dealers Quotations (FMDQ) Global Competitiveness, Operational Excellence, Liquidity, and Diversity Agenda (GOLD) capital market catalyst award.
Dr Jumoke Oduwole, Special Adviser to the President on Ease of Doing Business, announced this in a statement made available to newsmen on Wednesday in Abuja.
Receiving the award in Lagos, Oduwole expressed gratitude to Mr Bola Onadele, Group Chief Executive Officer, FMDQ, for the institution’s dedication in recognising catalytic innovations by change makers in the public sector.
She said her team and PEBEC reform champions across all arms and levels of government remained committed towards institutionalising reforms that would engender ease of starting and growing businesses in Nigeria.
She explained that PEBEC, since 2016, had introduced over 160 key reforms that had improved the Nigerian business environment.
”The work of its Secretariat has impacted the financial markets landscape and the economy at large.
”The most notable reform is the coordination of the re-enactment and signing into law of the Companies and Allied matters Act, 2020 (CAMA 2020) after a 30-year hiatus.
”In addition, in 2017, the PEBEC collaborated with key stakeholders on two other important pieces of legislation that enabled MSMEs access credit from banks and other financial institutions – The Secured Transaction in Movable Asset Act, 2017 and the Credit Reporting Act, 2017,” Oduwole said.
The award ceremony is a corporate tradition of the FMDQ that recognizes the demonstrated resilience and agility of the Nigerian financial market’s participants.
FMDQ has revolutionised Nigeria’s capital market in less than a decade and has consistently hosted this celebration of excellence since the inaugural edition five years ago.
