Insights, Business Advisory, Company Set-up and Regulatory Compliance

A Review of the Business Facilitation Act, 2022

Nigeria is a populous country with abundant natural resources, despite this, it has witnessed an exodus of international companies in the last few years. Nigeria is currently ranked 131 out of 190 economies in the World Bank ease of doing business index. This ranking is based on the friendliness of a country’s regulatory environment towards business operations. The success and growth of places like Stockholm, Delaware, and the Cayman Islands are linked to well-developed corporate infrastructures that support business operations and management. This rating shows a need to revamp Nigeria’s regulatory climate.

The Business Facilitation Act? (BFA) is a miscellaneous provision that was enacted to simplify business-related laws and streamline processes in government agencies. As a catch-all law, the BFA amends and modifies provisions in twenty-one existing laws. Our review focuses on the digitization of Ministries, Departments, and Agencies (MDAs), and thirteen (13) business-related laws, by highlighting the impact of the changes on Nigeria’s regulatory and business landscape…

 

 

To read the full article, kindly download the PDF

Ifeoma Ezeribe

Partner

Azeezat Ogunsola

Associate

Practice Key Contacts

More To Read

21/04/2026
From Listed to Lost Liquidity: Understanding What Happens to Shareholders When Companies are Delisted from the NGX

Introduction On 9th April 2026, the Nigerian Exchange Limited (NGX) removed two companies from its Daily Official List: DN Tyre & Rubber Plc and Greif

20/04/2026
Regulating Off-Plan Real Estate in Nigeria: Comparative Insights and Reform Options

Off-plan property acquisitions have become an increasingly popular feature in Nigeria’s real estate market. The commercial appeal is clear. Buyers commit to today’s price for