• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Business Facilitation Bill has been transmitted to Presidency for final assent

William Ukpe by William Ukpe
January 13, 2023
in Business News
Dr Jumoke Oduwole

 Dr. Jumoke Oduwole

Share on FacebookShare on TwitterShare on Linkedin

The 9th National Assembly has transmitted the new Business Facilitation Bill to President Muhammadu Buhari for final passage.

This was disclosed in a statement released Friday by the Special Adviser to the President on Ease of Doing Business/ Presidential Enabling Business Environment Council (PEBEC), Dr Jumoke Oduwole.

The bill, which is also known as the Omnibus Bill, was transmitted ahead of next week’s resumption of legislative activities by the 9th National Assembly.

RelatedStories

Nigeria’s constituency projects waste funds without needs assessment – Report 

Pensioners demand National Assembly’s speedy approval of N758 billion treasury bond to clear decades-long arrears 

June 25, 2025
Nigeria relaunches National Talent Export Programme (NATEP) to unlock $1 Trillion global outsourcing market  

Nigeria relaunches National Talent Export Programme (NATEP) to unlock $1 Trillion global outsourcing market  

June 2, 2025

About the bill: Dr Jumoke Oduwole explained the Omnibus bill was aimed at amending specific laws relating to ease of doing business and embodying such amendments into single legislation to act as a catalyst for legislative reform of the Nigerian business climate.

  • “The PEBEC Secretariat commenced a review of Nigerian Business Laws in 2017, together with several public sector and private sector stakeholders. This includes the Federal Ministry of Justice.
  • “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 (NASSBER).
  • “Sequel to the review, the Secretariat invited submissions from various public sector stakeholders.
  • “In 2018, the first version of the Omnibus Bill was produced by the Federal Ministry of Justice and presented to the PEBEC in 2019.
  • “Stakeholder engagements were thereafter held with various Ministries, Departments, and Agencies (MDAs) to sensitise them on the contents of the first draft of the Omnibus Bill.
  • “In 2020, the PEBEC Secretariat invited additional submissions to the Omnibus Bill from both public and private sector stakeholders and subsequently drafted and finalised by the Legal Drafting Department of the Federal Ministry of Justice in November 2021.”

If you missed it: In March 2022, the Federal Executive Council (FEC) approved the Business Facilitation Bill to promote ease of doing business in the country.

In June last year, President Muhammadu Buhari forwarded the bill to the National Assembly for consideration and passage.

In the letter, Buhari said that the expeditious consideration and passage of the bill would promote the ease of doing business in the country.

  • “Pursuant to Section 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 Senate.
  • “Business Facilitation (Miscellaneous Provision) Bill 2022 seeks to promote the ways of doing business in Nigeria by amending relevant legislation.
  • “While hoping that this submission will receive the usual expeditious consideration of the senate, please accept, Distinguished Senate President, the assurances of my highest consideration.”

 

 

 

 

 

 

 

 

 

 

 

 

 

 


Follow us for Breaking News and Market Intelligence.
Tags: Business Facilitation BillDr. Jumoke OduwoleFederal Executive Council (FEC)National AssemblyNational Assembly Business Environment RoundtablePresidential Enabling Business Environment Council (PEBEC).
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

Related Posts

Nigeria’s constituency projects waste funds without needs assessment – Report 
Fixed Income

Pensioners demand National Assembly’s speedy approval of N758 billion treasury bond to clear decades-long arrears 

June 25, 2025
Nigeria relaunches National Talent Export Programme (NATEP) to unlock $1 Trillion global outsourcing market  
Companies

Nigeria relaunches National Talent Export Programme (NATEP) to unlock $1 Trillion global outsourcing market  

June 2, 2025
Trade ministry to fully digitise operations by December 2025 – Oduwole 
Aviation

Tinubu’s trade push: FG promotes Uganda Airlines corridor, slashes export costs by 75% 

May 28, 2025
Nigeria opens AfCFTA air corridor to Kenya, Uganda, South Africa, cutting export costs by up to 75% 
Aviation

Nigeria opens AfCFTA air corridor to Kenya, Uganda, South Africa, cutting export costs by up to 75% 

May 26, 2025
SERAP threatens to sue NASS over alleged N9.4bn presidency meals and travels budget 
Business News

Emergency rule in Rivers: National Assembly amended Tinubu’s proclamation, not a rubber stamp – Lawmaker 

March 24, 2025
Musa Dangiwa,
Budget

National Assembly secures additional N50 Billion for Housing Ministry in 2025 Budget 

February 20, 2025
Next Post
2023 presidential candidate

Let's compare the fiscal and monetary policy plans of the main presidential candidates

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

first bank








DUNS

Recent News

  • Use of jamming systems can address challenges posed by insurgents in Nigeria – Bright Echefu
  • Governor Mbah approves appointment of six commissioners, new head of service in Enugu state
  • London moves to ease Nigeria–UK payment barriers for businesses

Follow us on social media:

Recent News

Use of jamming systems can address challenges posed by insurgents in Nigeria – Bright Echefu

Use of jamming systems can address challenges posed by insurgents in Nigeria – Bright Echefu

July 17, 2025
Enugu Govt to build Nigeria’s longest canopy walkway, first zipline 

Governor Mbah approves appointment of six commissioners, new head of service in Enugu state

July 17, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics