The House of Representatives has passed the Business Facilitation (Miscellaneous Provisions) Bill 2022 also known as the Omnibus bill to consolidate and amend outdated legislation towards removing bottlenecks for Nigeria’s micro, small and medium enterprises (MSMEs).
Jumoke Oduwole, special adviser to the president on ease of doing business, said this in a statement.
Mrs Oduwole noted that the Bill also seeks to ensure the sustainability of business climate reforms through the promotion of Transparency and Efficiency in government.
The Bill, which was passed by the 9th House of Assembly is an intervention of the Presidential Enabling Business Environment Council (PEBEC), aimed at consolidating and amending outdated legislative provisions towards removing bottlenecks for micro, small and medium enterprises.
According to Oduwole, the Bill also seeks to ensure the sustainability of business climate reforms through the promotion of Transparency and Efficiency in government. This is a culmination of 4 years of collaborative work by public and private sector stakeholders in the legal community.
Stakeholders are eagerly looking forward to the speedy passage of the Bill by the Senate and its signing into law by President Muhammadu Buhari in order to reap the attendant benefits for the Nigerian economy” reads the statement in parts.
Excellent journalism is expensive. It is only the same that can help to build our society and country to entrench good governance, and development and ensure justice for all.
We need your support for investigative findings and special reports to demand accountable and transparent government. DONATE today to help us stay relevant to serve your quest for accurate and authentic stories.
DONATE TO 0450702364, naira OR 0657626454, USD – GTBANK
TECHNOCRAT INNOVATIONS PLUS LTD