Matters of The Nigerian Bar

NIGERIA IS MORE OPEN FOR BUSINESS: HOW A NEW LAW IS MAKING INVESTING EASIER. | Clementina E. Ukiri, Esq.

For a long time, Nigeria has been an attractive, yet challenging, destination for foreign investors. The process of doing business was often slow and confusing. However, a major new law, the Business Facilitation Act (BFA) of 2023, is changing the landscape by making Nigeria a much easier place to invest and operate a company. So, two years after this law was passed, how has it actually helped? Let's break it down.  What It Used to Be Like Before the BFA, starting or running a business in Nigeria could be incredibly frustrating. Government…