The Presidential Enabling Business Environment Council (PEBEC) says the Business Facilitation Bill 2022 otherwise known as Omnibus Bill, passed by the House of Representatives will aid business for Micro, Small and Medium Enterprises (MSMEs).
PEBEC Secretary and the Special Adviser to the President on Ease of Doing Business, Dr Jumoke Oduwole, said this in a statement on Wednesday.
According to Oduwole, the Bill will consolidate and amend out-dated legislative provisions towards removing bottlenecks for small businesses.
She said the Bill also sought to ensure the sustainability of business climate reforms through the promotion of Transparency and Efficiency in government.
The Bill also seeks to ensure the sustainability of business climate reforms through the promotion of transparency and efficiency in government.
“The Business Facilitation (Miscellaneous Provision) Bill 2022, also known as the ‘Omnibus Bill’, has been passed by the 9th House of Representatives.
“The Omnibus Bill is an intervention of the Presidential Enabling Business Environment Council (PEBEC), aimed at consolidating and amending out-dated legislative provisions towards removing bottlenecks for micro, small and medium enterprises.
“The Bill also seeks to ensure the sustainability of business climate reforms through the promotion of transparency and efficiency in government.
“A culmination of four 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.
“They also look forward to its signing into law by President Muhammadu Buhari in order to reap the attendant benefits for the Nigerian economy,” she said. (NAN)
