PEBEC was mandated to unlock bureaucratic constraints to doing business in Nigeria. The CBN and PEBEC worked together to improve access to credit for underserved Nigerians, through the set-up of a National Collateral Registry and the passage of the Credit Bureau Act.
As a result of these initiatives in addition to other reforms, Nigeria moved up by 24 points in the World Bank’s 2017 Doing Business Rankings. (145 from 167 in 2016)  17  Key Takeaways 21.