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Significance
The amendment officially seeks to improve the ease of doing business by establishing a more efficient means of regulating businesses and minimising the compliance burden for small and medium-sized enterprises (SMEs). However, some interest and civil society groups, most notably religious-based organisations, have decried provisions of the new law.
Impacts
Besides SERAP, there is the possibility of civil actions against the CAC and the presidency by other civil society groups.
The new act could help improve Nigeria’s ranking on the World Bank’s ‘Ease of Doing Business’ index.
Business oversight bodies could voice their opposition to the inclusion of corporate governance provisions within the CAMA 2020.
Keywords:
Nigeria,
AF,
economy,
industry,
international relations,
politics,
social,
constitution,
consumer,
corporate,
corruption,
finance,
foreign investment,
government,
investment,
judicial,
legislation,
opposition,
party,
protest,
reform,
religion
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2020
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