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PEBEC Lauds Senate over Ease of Doing Business Bill Second Reading

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The Secretary to the Presidential Enabling Business Environment Council (PEBEC), Dr Jumoke Oduwole, has expressed pleasure over the Business Facilitation (Miscellaneous Provision) Bill 2022, also known as the “Omnibus Bill” that passed second reading at the Senate on Wednesday.
Oduwole in a statement on Thursday, in Abuja said that the Bill was an intervention of PEBEC.


“It is aimed at consolidating and amending outdated legislative provisions towards removing bottlenecks for micro, small and medium enterprises,” she said.

According to her, the bill seeks to ensure the Sustainability of business climate and give statutory force to Executive Order 001 of 2017 on the promotion of Transparency and Efficiency in Business.

She had also at another forum explained that the Omnibus Bill was aimed at amending specific laws relating to ease of doing business which will then be made into single legislation to act as a catalyst for legislative reform of the Nigerian business climate.
According to her, the overall benefits of the Bill include ensuring efficiency in public service delivery in terms of time, cost, and procedure for doing business, improving transparency, removing outdated provisions from relevant laws, and providing incentives to encourage Micro, Small, and Medium Enterprises (MSMEs) participation in business.
While giving further highlights of the Bill, she explained that the codification of the Presidential Executive Order 001 (001) requires MDAs to publish licenses, permits, waivers, approvals, and other related information, among other things, in order to improve transparency and public access to information.
“Others are amendment of the Companies and Allied Matters Act (CAMA) 2020 with the recognition of electronic share certificates, electronic voting at annual general meetings, and other information is in tandem with technology best practices.
“The provisions of Nigeria Export Processing Zones Authority (NEPZA) Act and CAMA have been reconciled to recognize the exemption of free trade zone companies licensed by NEPZA from company registration.”
She stressed that the Bill also provided for ease in the procedure for increase in share capital by including the option for such decisions to be determined by a resolution of the Board of Directors, subject to the provisions in the articles of association of the company or by the company in general meeting.
The Federal Executive Council approved the bill on March 23, 2022, which was a culmination of four years of collaborative work by public and private sector stakeholders in the legal community.
It was anchored by the PEBEC through a sub-committee led by the Attorney General of the Federation.
It was implemented by a technical working group with the Federal Ministry of Justice legal drafting team and representatives from leading law firms and consultancy firms. (NAN)

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Wike Approves Deployment of FCTA’s Pioneer Perm. Secs

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The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has approved the deployment of the 10 pioneer Permanent Secretaries of the FCT Administration.

The FCT Head of Service, Dr Udo Atang, announced the deployment in a statement in Abuja on Thursday.

Atang said that Dr Adams Babagana was deployed to Health Services and Environment, while  Wanki Ibrahim was deployed to Treasury and Budget.

He also said that Asmau Muhktar was deployed to the Social Development Secretariat, while Dogo Bodinga was deployed to Economic Planning, Revenue Generation and Public Private Partnership Secretariat.

The head of service added that Olusa Olusegun was deployed to the Area Councils Services, Adetoyi Kolawole to Women Affairs, while Grace Adayilo Agriculture and  Rural Development Secretariat.

Also deployed were Olubunmi Olowookere to Legal Services Secretariat; Ibe Chukwuemeka to Education Secretariat; and Okonkwo Nonubari to Transportation Secretariat.

“The posting takes immediate effect. Thus, the affected officers should handover to their immediate subordinates in their current Secretariats, Departments and Agencies,” Atang said.

Wike had on March 18, inaugurated the permanent secretaries in line with the provisions of the FCT Civil Service Commission Law, 2018, which commenced operation. (NAN)

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FG Declares March 29, April 1, Public Holiday to Mark Easter Celebration

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The Federal Government has declared Friday, March 29, and Monday, April 1, as public holidays to mark the Easter celebration.This was contained in a statement by the Permanent Secretary, Ministry of Interior, Dr Aishetu Ndayako on behalf of the Minister of Interior, Dr Olubunmi Tunji-Ojo, on Wednesday in Abuja.

According to her, the Minister of Interior, Dr Olubunmi Tunji-Ojo, made the declaration on behalf of the Federal Government.
Tunji-Ojo urged Christians and all Nigerians to emulate the sacrifice and love displayed by Jesus Christ in dying for the redemption of man.
The minister noted that Easter, beyond religious significance, promoted values of love, forgiveness and compassion which were essential for social cohesion and harmony.
He called on Christians to imbibe these virtues as they were capable of impacting positively on the socio-economic development of Nigeria by fostering unity, reducing conflicts and encouraging cooperation among Nigerians.Tunji-Ojo further urged Nigerians to show acts of charity and generosity to help alleviate the material conditions of the less privileged amongst them.This, he said, was in tandem with the Renewed Hope Agenda of President Bola Tinubu’s administration.He wished Christians at home and abroad a happy and blissful Easter celebration.The minister also called on Nigerians to join hands with the Tinubu’s administration in its determination to bring sustainable development and usher in prosperity to all.

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Wike Woos Indian Investors to Abuja

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The Minister of the Federal Capital (FCT), Mr Nyesom Wike, has sought for huge investments from Indian investors, as part of strategies to fast tract the development of the capital territory, Abuja.

Wike made the call when the Indian High Commissioner to Nigeria, Mr Shri Balasubramanian, visited him in Abuja on Tuesday.

He acknowledged the presence of many Indian companies in the country, particularly petrochemicals and fertiliser companies among others.

“We would also like to have this kind of relationship in Abuja.

“You have seen improvement in security; you have seen improvement in infrastructure in Abuja. That is part of the “Renewed Hope” agenda of President Bola Tinubu.

“We will discuss other areas that will be of mutual interest between India and Nigeria, and Abuja in particular,” he said.

The minister said that it was within the purview of the FCT Administration to ensure that all Embassies in Nigeria, have an unhostile environment to enable them perform their assignments.

Earlier, Balasubramanian said that the excellent relationship between India and Nigeria was quite old.

The Ambassador explained that India began its diplomatic relationship with Nigeria two years before the country became independent in 1958, when India established a diplomatic office in Lagos.

He said that there were over 155 Indian companies in Nigeria, with more than 27 billion dollars of investments in various manufacturing areas.

He said that companies ranged from plastics to steel, oil, and pharmaceuticals among others in every sector.

According to him, Indian companies are the second largest employer of labour after the Nigerian government.

“So that is the level of engagement that we have, including wonderful political relationships.

“Culturally, we also have excellent cooperation. We have been having various groups from Nigeria going to India to participate in different exhibitions and cultural activities.

“We are very happy with all the facilities that are being extended to our Embassy.

“We are more than happy about it and would like to continue the relationship”. (NAN)

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