• News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
MSME Africa
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
  • News
  • Business
  • Opportunities
  • Articles & Resources
  • Spotlight
  • Views
    • Interviews
    • Opinions
  • MSME Jobs
  • More
    • Africa
    • World
  • webmail
  • Terms of Use
No Result
View All Result
MSME Africa
No Result
View All Result

Nigeria: Business Facilitation Bill passes Second reading in Senate

Victor Odeyemi by Victor Odeyemi
July 22, 2022
in Business, News
0
Nigeria: Business Facilitation Bill passes Second reading in Senate

Dr Jumoke Oduwole

Share

The Business Facilitation (Miscellaneous Provision) Bill 2022, known as the “Omnibus Bill,” has passed the second reading at the Senate.

This was announced by Dr. Jumoke Oduwole, Special Advisor to the President on Ease of Doing Business.

The Presidential Enabling Business Environment Council (PEBEC) intervened with the Bill in an effort to streamline and update obsolete legal requirements, and remove bottlenecks for micro, small, and medium-sized businesses.

According to her, the bill seeks to ensure the sustainability of the business climate and give statutory force to Executive Order 001 of 2017 on the promotion of Transparency and Efficiency in the Business.

The bill also seeks to amend the Companies and Allied Matters Act (CAMA) 2020 with the recognition of electronic share certificates, electronic voting at annual general meetings, and other information in tandem with technology best practices.

It will also among other benefits, amend the Export (Prohibition) Act, to empower the Minister of Finance, Budget & National Planning to now have clear-cut powers to recommend goods that should be restricted from being exported.

The Federal Executive Council (FEC) on 23, March 2022, approved the bill, which was a culmination of 4 years of collaborative work by public and private sector stakeholders in the legal community anchored by the PEBEC through a sub-committee led by the Attorney General of the Federation.

Post Views: 0
Share

Related Posts:

  • MSME Africa Unveils Top 50 Remarkable MSME Founders 2023, Awards them $25,000 in Media Credits
    MSME Africa Unveils Top 50 Remarkable MSME Founders…
  • Best Cities to live as an Entrepreneur in Nigeria
    Ultimate 2024 Guide to the Top Business Enabling…
  • images (30)
    Business Facilitation Bill will remove bottlenecks…
  • MSMEs: Business Facilitation Bill passes Second Reading at House of Reps 
    MSMEs: Business Facilitation Bill passes Second…
  • Nigeria Launches Entrepreneurship Programme For Civil Servants
    NASS passes Business Facilitation Bill to Pres. Buhari
  • MSMEs: Business Facilitation Bill passes Second Reading at House of Reps 
    Nigeria: Senate passes Business Facilitation Bill
Tags: Business Facilitation BillmsmePEBECSenate
Previous Post

Call for Applications: SME Growth Lab Africa Accelerator Program

Next Post

UN Commends Sterling One Foundation on the Africa Social Impact Summit

Next Post
UN Commends Sterling One Foundation on the Africa Social Impact Summit

UN Commends Sterling One Foundation on the Africa Social Impact Summit

Leave a Reply Cancel reply

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

No Result
View All Result
Join MSME on Whatsapp
Subscribe To Our Newsletter
Enter your email to receive a weekly round-up of our best posts. Learn more!
icon
By subscribing, you agree with our privacy policy and our terms of service.

Recent Posts

  • FAAN, Plateau Partner on Food Cargo Hub to Cut N3.5 Trillion Food Losses
  • Adamawa Trains 120 Farmers on Smart Livestock Practices, Cliimate Resilience
  • NITDA Seeks Inclusive Digital Policies for 35 million Nigerians with Special Needs
  • World Bank Urges Impact-Driven Partnerships for Africa’s Development
  • Starlink Suspends South African Users Amid Regulatory Crackdown

Recent Comments

  • 10 Reasons Why SMEs Should Invest in Video Marketing - MSME Africa on How to Create Viral Videos for Social Media in 2024
  • link alay4d on 5 Nigerian-based Companies Providing Accelerator Programs for Startups in 2024
  • Damilare Oladeji on Nigerian Government Agencies that Support Entrepreneurship in 2024
  • situs alay4d on 50 Best Tools to Boost Your Productivity as an Entrepreneur in 2025
  • Otabor Osayomore Blessing on Ultimate 2025 Guide to the Top Business Enabling Cities for Startup Founders and Entrepreneurs in Nigeria
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.

No Result
View All Result
  • About us
  • Advertise with Us
  • Contact Us
  • Home
  • News
  • Newsletter
  • Submit News
  • Terms of Use

© 2023 MSME Africa - All rights reserved.