The new Business Facilitation (Miscellaneous Provision) Bill 2022, popularly known as the Omnibus Bill, has been forwarded to President Major General Muhammadu Buhari (retd) for his approval by the Clerk of the 9th National Assembly.
This was said in a statement released on Friday in Abuja by Dr. Jumoke Oduwole, the President’s Special Advisor on Ease of Doing Business and member of the Presidential Enabling Business Environment Council.
The Executive Bill was approved by the House of Representatives in October 2022 and the Senate in December, according to the News Agency of Nigeria.
Executive Order 001 (EO1) on Transparency and Efficiency in Public Service Delivery, according to Oduwole, is intended to be codified by the law.
She said it would also amend select business facilitation laws identified as critical to the ease of doing business in Nigeria, and institutionalise business climate reforms.
”The bill is designed to strengthen ongoing reforms and consolidate legislative provisions that border on ease of doing business in Nigeria.
”The transmitted bill is a culmination of four years of collaboration of public and private sector stakeholders since 2018.
”This includes the Federal Ministry of Justice and 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 and the National Assembly Business Environment Roundtable are also part of the critical stakeholders.
”The Omnibus bill is an intervention of PEBEC to consolidate and amend legislative provisions towards deepening PEBEC reforms and removing bottlenecks for Micro, Small, and Medium-sized Enterprises in Nigeria,” she said.
NAN
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