The Nigerian President, Muhammadu Buhari has transmitted the Business Facilitation (Miscellaneous Provisions) Bill 2022 to the National Assembly for accelerated passage.
President Buhari explained that the proposed bill seeks to promote the ease of doing business in Nigeria by amending relevant legislation.
The bill otherwise known as ‘Omnibus bill’ was approved by the Federal Executive Council (FEC) on the 24th March, 2022.
The letter dated 17th June, 2022, was addressed to the Speaker of the House of Representatives, Femi Gbajabiamila.
The proposed legislation seeks to amend 23 business-related laws and codify Executive Order 001, which requires Ministries, Departments and Agencies (MDAs) to publish licenses, permits, waivers and approvals.
It will also modify the Companies and Allied Matters Act as well as the law establishing the Nigeria Export Processing Zones Authority (NEPZA) among other statutes.
The Deputy Speaker Idris Wase who presided over plenary, read the President’s communication;
“Pursuant to Sections 58(2) of the 1999 Constitution of the Federal Republic of Nigeria (as amended), I forward herewith the Business Facilitation (Miscellaneous Provision) Bill 2022 for the kind consideration of the House of Representatives.
“The Business Facilitation (Miscellaneous Provision) Bill 2022 seeks to promote the ease of doing business in Nigeria by amending relevant legislation. While hoping that this submission will receive the usual expeditious consideration of the House.”
Mercy Chukwudiebere
