Adesoji Adegbulu

CAC Urges Nigerian Business Owners to Register


Nigerian Entrepreneurs and Nigerian business owners have been urged to register their businesses with the Corporate Affairs Commission so as to benefit from government programmes by creating awareness of regulatory reforms. This was disclosed by Growth and Empowerment in States (GEMS3) Investment Specialist, Ben Ogbunude at the Public Private dialogue/ Market traders meeting organized by Corporate Affairs Commission (CAC) in collaboration with Oyo State Government held at Capital Inn, Oluyole Estate, Ibadan.

Ogbunude said GEMS programme in Nigeria is a partnership programme between the Federal Government of Nigeria, the department of International Development and World Bank. He said the aim of their programme was to reduce poverty in Africa’s most populous country by increasing growth, incomes and jobs across Nigeria. According to him, he said GEMS has collaborated with CAC to find solutions and implement changes designed to improve the lives of Nigeria’s citizen.

“CAC supported by GEMS, has embarked on an online registration process and is currently pursuing others reforms to upgrade its registration processes to reduce the time, cost and number of procedures required to register a business in Nigeria. The reforms also seek to streamline registration processes within CAC to improve its efficiency as a company registry. We will also push out the message where things will be easy to register business name and companies in Nigeria.

Also, in his goodwill message, the regional general, CAC, Mallam Bello Mahmud said the commission has recently deployed a new registration software in collaboration with the federal Ministry of Communications Territory which now makes it possible for accredited customers and the owners/directors of business to carry out their transactions on-line without having to visit the commission.