has endorsed a bill seeking to make the country’s business environment better suited for business.
Christened Business Facilitation Bill, the proposed legislation aims to amend 23 business-related laws and codify Executive Order 001, which requires Ministries, Departments and Agencies to publish licenses, permits, waivers and approvals. as well as the law establishing the Nigeria Export Processing Zones Authority among other statutes.
“The PEBEC is optimistic that the National Assembly’s consideration and anticipated passage of the Omnibus Bill into law in the not so distant future will further improve the business environment in Nigeria thereby attracting the much needed participation and investment from the private sector necessary to actualize the funding objectives of the National Development Plan 2021,” Mr Oduwole said.
Overall, Nigeria emerged 131 out of 190 countries, moving up 15 places from the 146th position it occupied the previous year, or 56.9 per cent point score.