The Corporate Affairs Commission (CAC) has disclosed that it registered
over 69,000 business entities in two months. This was coming after the
launch of its Business Incentive Strategy (BIS).
The acting
Registrar-General of CAC, Lady Azuka Azinge, who said this during a
media roundtable in Abuja recently explained that before now, the number
of business registration they had in three months of the same period
was about 50,000 and in two months, the number grew to over 69,000.
She also said they are still expecting to have a very large number of businesses registrations before the end of December.
According
to her, the main aim of crashing the cost of business registration in
Nigeria from N10,000 to N5,000 for a period of three months (1st October
to 31st December 2018), was to enable massive registration of small
businesses in the country.
“People are already asking for
extension and we have just written to the minister of Finance to extend
it for another three months. The initiative is being commended by most
state governments are asking and several associations saying that we
should please give more time to enable them register.”
She said
the initiative was in line with the major thrust of the president
Muhammadu Buhari’s administration which centred on revamping and
diversification of the economy through constantly supporting MSMEs. The
CAC boss said the Commission has also provided a user-friendly Company
Registration Portal (CRP) via its website which gives customers
real-time access to the services of the Commission from their offices or
homes.
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