FG Unveils Guide to Doing Business in Nigeria
The Federal Government drive to improve the ease for doing business has received a boost as Investors and would-be-business owners now have a handbook on how to obtain licenses and permits when doing business in selected sectors in the country.
According to the managing Partner of A&E Law Partnership, “The Doing Business handbook adopts a sectoral approach, respectively explicating the requirements for operating in insurance, aviation, cabotage, banking, energy and power, solid minerals, telecommunications, entertainment, food and beverages, private security, oil and gas, amongst others.
There is also coverage of matters that are applicable across sectors, such as immigration, environmental standards, intellectual property, capital markets and others.” Beside these, the book has a section devoted to foreign investors, providing an advisory on organisational forms available as well as other subjects of potential interests, such as repatriation of profits and tax exemptions.
Publishers of the handbook, A&E Law Partnership in a statement in Abuja, said it was part of their contribution to improving the environment for doing business in Nigeria. The foreword to the handbook written by Peter Ntephe, said the Guide is “a one-stop-shop handbook on the rules for entry into various sectors of the Nigerian economy.
Key processes and procedures are outlined in as much a succinct way as possible, along with the fees for obtaining licences and registrations. “This handbook which is a product of the knowledge gained by the law firm over the years in “its core competences” is a praiseworthy compendium and guide to the rules and regulations for doing business in the ‘commanding heights’ of the Nigerian economy.”