Quick Take: Senate Passes Business Congratulation Bill, Awaits Presidential Approval

The Nigerian Senate passed the Business Facilitation Bill (Miscellaneous Bill), also known as the Omnibus Bill.

This follows an earlier passage of the bill by the House of Representatives.

A statement seen by Nairametrics quoted Dr. Jumoke Oduwole, special adviser to the president on ease of doing business, as saying that the bill would soon be transmitted to the president for approval.

Essence of the invoice: Dr. Jumoke explained that the bill is an intervention by the Presidential Enabling Business Environment Council (PEBEC) to consolidate and amend legislative provisions in order to deepen PEBEC reforms and remove bottlenecks for micro, small and Medium Enterprises (MSMEs) in Nigeria.

In case you missed it: Remember that the Federal Executive Council (FEC) previously approved the World Bank-backed State Action for Business Enabling Reform, SABER, which received the go-ahead from the World Bank Board. It is believed that the SABER program will incentivize and strengthen the implementation of business-enabling reforms in all states of Nigeria.

The news continues after this announcement.

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