Following the passage of the Business Facilitation Bill 2022 by the National Assembly, the Clerk has transmitted the bill to the President, Major General Muhammadu Buhari (Ret’d.), for approval.
The Special Adviser to the President on Ease of Doing Business/PEBEC Secretary, Dr. Jumoke Oduwole, said this on a statement on Thursday, according to Vanguard.
She emphasized the need for the Bill, as she explained that was designed to strengthen ongoing reforms and consolidate legislative provisions that border on ease of doing business in Nigeria.
Oduwole also stated that the Business Facilitation Bill aims to codify Executive Order 001 (EO1) on Transparency and Efficiency in Public Service Delivery, amend select business facilitation laws identified as critical to the ease of doing business in Nigeria, and institutionalise business climate reforms.
“The transmitted bill is a culmination of 4 years of collaboration of public and private sector stakeholders since 2018, including the Federal Ministry of Justice (FMoJ), the Section on Business Law of the Nigerian Bar Association through the participation of over 40 law firms and consulting firms, the Nigerian Economic Summit Group (NESG), and the National Assembly Business Environment Roundtable (NASSBER).
She then concluded by saying that the Omnibus bill is an intervention of the Presidential Enabling Business Environment Council was designed to consolidate and amend legislative provisions towards deepening PEBEC reforms and removing bottlenecks for Micro, Small, and Medium-sized Enterprises in Nigeria.