Bunmi AdulojuPresident Muhammadu Buhari recently signed the business facilitation bill 2022, also known as the omnibus bill, into law.
According to the PEBEC, the signing of the legislation by Buhari was a step towards creating an enabling environment for micro, small and medium-sized enterprises in Nigeria.
They include licences, permits, waivers, approvals, filings, certifications, and tax-related processes, among others. Tha act also stipulates that employees on duty must wear uniforms and carry official identification cards, adding that employees who are not on duty must stay off the ports unless they are specifically permitted to do so by the head of the MDA.room for the creation of single interface customer at the country’s ports and airports to ensure efficiency and eliminate corruption.
It also requires pre-emptive rights of shareholders — the provision of a specific maximum timeline of 21 days within which offer of shares must be accepted by existing shareholders or deemed declined.