CAC enact reforms to ease business registration processes



The Corporate Affairs Commission, CAC in Nigeria says it has implemented various reforms aimed at strengthening its processes in line with international best practices.

The Acting Registrar General of the Commission, Lady Azuka Azinge said this during the Customers/Stakeholders Forum held in Abuja, Nigeria’s Capital.

She stated that the forum is held periodically to narrow communication gaps and provide information and update on the commissions operations adding that the forum would be held in other cities in subsequent quarters.

According to her, “One of the focal point of the Federal government through the Presidential Enabling Business Environment Council is to improve the business environment and make Nigeria a progressively easier place for business to start and thrive.

The commission as an agency of government involved in the startup of businesses has keyed into this laudable initiative of the government”.

The Acting Registrar General of the Commission enumerated some of the reforms implemented by the Commission.

“Some of these reforms include the full decentralization of operations which you all swear of where you can start and finish your businesses in any of our offices across Nigeria, deployment of companies’ registration portal which has made it possible for us to have the free registration online within 24 hours.” She added.

Lady Azinge also said the Commission launched the Business Incentive Strategy in which the cost of business registration had been reduced from 10,000 naira to 5,000 naira for an initial three month period and was recently extended for a further period of three months from January 1 to March 31 to enable MSMEs register their businesses with the Commission.

Also, a representative of the Presidential Enabling Business Environment Council, PEBEC, Toyin Bashir in her goodwill message commended the Corporate Affairs Commission in their effort to enable MSMEs through the Business Incentive Strategy initiative to register their businesses.

Suzan O