HIGHLIGHTS OF THE KEY PROVISIONS OF THE BUSINESS FACILITATION (MISCELLANEOUS PROVISIONS) ACT 2022

On 8th February 2023, President Muhammad Buhari signed into law, the Business Facilitation (Miscellaneous Provisions) Act, 2022 (“BFA”). The objectives of the BFA are to promote the ease of doing business in Nigeria and eliminate bureaucratic bottlenecks; amend relevant legislation to promote the ease of doing business in Nigeria, and institutionalize all the reforms to ease implementation. It further amended specific provisions of 21 business-related laws to remove bureaucratic obstacles to doing business in Nigeria. We have reviewed the BFA and highlighted its salient provisions, including the legislations that were consequentially amended. Click here to read the full article.