An Examination of the Business Facilitation Act and its Consequential Amendments

INTRODUCTION

The President of the Federal Republic of Nigeria on 10 February 2023 signed into law the Business Facilitation (Miscellaneous Provisions) Bill, 2022 (also known as the “Omnibus Bill”) (the “Act”). Several business-related laws were amended by the Act, including the Companies and Allied Matters Act (CAMA), the Immigration Act, the Investment and Securities Act, the Trademark Act, amongst others.

The objective of the Act is to amend the relevant legislation, eliminate all bottlenecks and promote the ease of doing business in Nigeria. In this article, we have examined the provisions of the Act and its consequential amendments.