By Ezra Ukanwa, Abuja
Following the earlier approval of the Business Facilitation (Diverse Provision) Bill 2022 by the House of Representatives and Senate, the Clerk of the 9th National Assembly has submitted the bill to President Muhammadu Buhari for approval.
The President’s Special Adviser, Ease of Doing Business/PEBEC Secretary Dr Jumoke Oduwole, who made the revelation in a statement on Thursday while re-emphasizing the need for the bill, said the bill is intended to support ongoing reforms. strengthen and consolidate legal provisions that border on the ease of doing business in Nigeria.
According to her, the Business Facilitation Bill aims to codify Executive Order 001 (EO1) on Transparency and Efficiency in Public Services, to amend selected business facilitation laws identified as critical to the ease of doing business in Nigeria, and to promote reforms to the business environment. institutionalize.
“The bill presented is the culmination of 4 years of collaboration between public and private sector stakeholders since 2018, including the Federal Ministry of Justice (FMoJ), the Business Law Department of the Nigerian Bar Association through the participation of more than 40 law firms and consultancies, the Nigerian Economic Summit Group (NESG) and the National Assembly Business Environment Roundtable (NASSBER).
“The Omnibus bill is an intervention by the Presidential Enabling Business Environment Council (PEBEC), chaired by Vice President Yemi Osinbajo, to consolidate and amend legal provisions to deepen PEBEC reforms and address bottlenecks for micro, small and medium-sized enterprises (MSMEs). ) in Nigeria.
“The business community eagerly awaits the signing of the bill by President Muhammadu Buhari to reap the associated benefits for the Nigerian economy,” she stated.
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