The Business Facilitation (Miscellaneous Provision) Act 2023 (BFA) was signed into law by President Muhammadu Buhari on 14 February 2023. The provisions of the BFA make significant changes to 21 existing legislations that regulate crucial aspects of the business landscape in Nigeria, including corporate governance, intellectual property, investment, statutory contributions, and technology acquisition.
Some amendments that significantly impact Nigerian businesses are considered in the PDF below.