A team of Legal Advisers under the Enhancing Nigerian Advocacy For A Better Business Environment, ENABLE-DFID programme, will today make an official presentation of the Business Environment Legislative Review Report to Senate President Bukola Saraki, a statement has revealed.
According to the report, the legal team was constituted by the Senate President in the quest of fulfilling the Legislative Agenda of the 8th National Assembly which bears an enormous interest in creating a business-friendly environment in the country.
The statement reads:
"Following the legislative agenda of the Senate and the House of Representatives of the 8th National Assembly, and in consultation with the Nigerian Economic Summit Group (NESG), the Nigerian Bar Association – Section on Business Law (NBA-SBL) and other key private sector stakeholders; the Office of the Senate President initiated a review of the institutional, regulatory and legal instruments currently constraining and impeding business activity in Nigeria.
"With the technical aid and support of ENABLE-DFID and GEMS 3 programmes, a team of experts conducted a business environment legislative review covering the entire raft of legal structures affecting businesses today. The underlying objective of the review is to provide a framework for the assessment and improvement of legislation and policy affecting businesses in Nigeria."
The team of Legal Advisers that conducted the research of Business Environment Acts and Bills and developed the Business Environment Legislative Review Report was led by Prof. Paul Idornigie.
The report is expected to propose priority legislative areas that will provide a solid foundation of evidence to set priorities for new and revised business environment legislation by the National Assembly.
"With the reform of key sectors of the economy, there is a critical need to facilitate an enabling environment for private sector participation. There are Bills pending before the National Assembly that are of priority importance to doing business and overall private sector development in Nigeria, especially in infrastructure delivery," the statement added.
Expected at the presentation which will take place at the National Assembly today are the Speaker of the House of Representatives, Mr. Yakubu Dogara; World Bank representatives; the Chairman of the NESG, Mr. Kyari Bukar, the Nigerian Bar Association – Section On Business Law (NBA-SBL) representatives led by Asue Ighodalo; and private sector and media stakeholders.