Senate approves business facilitation bill

Marcus Amudipe
Marcus Amudipe

The Senate on Tuesday, passed the Business Facilitation (Miscellaneous Provision) Bill 2022, also known as the Omnibus Bill.

According to The Vanguard, this was after its earlier passage by the House of Representatives.

This was disclosed by the Special Adviser to the President, Ease of Doing Business/PEBEC Secretary, Dr Jumoke Oduwole.

According to him, the bill, which will now be transmitted shortly to President Muhammadu Buhari for his assent, “is an intervention by the Presidential Enabling Business Environment Council, PEBEC, to consolidate and amend legislative provisions towards deepening PEBEC reforms and removing bottlenecks for Micro, Small, and Medium-sized Enterprises, MSMEs, in Nigeria.”

According to Oduwole, this move follows the Federal Executive Council’s recent acceptance of the $750 million World Bank-backed State Action on Business Enabling Reforms, SABER, program, which was previously approved by the World Bank Board.

According to her, the SABER program will incentivize and strengthen the implementation of business-enabling reforms in all Nigerian states.

“With these laudable strides, the PEBEC is poised to mark the festive season by staging its critically acclaimed play titled ‘The Future Is Here’ which showcases its ease of doing business reforms free of charge to the public from December 30 to January 1 at Landmark Event Centre in Lagos”, she stated.

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