Strat.1 To create a more conducive business environment that reduces the cost of doing business, stimulates economic growth, attracts investment, foster entrepreneurship and innovation.
Specific Legislative Actions
Strat.1 The 10th Senate of Nigeria has introduced and advanced some legislative bills aimed at creating a more conducive business and investment environment, reducing the cost of doing business, stimulating economic growth:
1. Investments and Securities Bill, 2024 (SB. 128) Passed
(https://proshare.co/articles/market-regulation-senate-passes-investment-and-securities-bill-2024?menu=Regulators&classification=Read&category=Regulators);
2. Factoring Assignments and Receivables Financing Bill, 2023 (Passed Second Reading)
(https://punchng.com/senate-moves-to-legalise-trade-agreements-between-large-firms-msmes/?utm)
3. The Senate passed the Tax Reform Bill, and it was signed into law by the President on 26 June 2025. Once implemented, the law will introduce tax waivers for specific categories of businesses and suspend some bank charges, thereby reducing operational costs, promoting ease of doing business, which consequently will stimulate economic growth thereby making business environment conducive in Nigeria.
(https://statehouse.gov.ng/news/president-tinubu-new-tax-laws-the-way-forward-for-nigerias-prosperity/). (https://tribuneonlineng.com/nigerians-to-stop-paying-five-common-bank-charges-from-january-2026-oyedele/)
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