Ease of doing business: CAC to register additional 20,000 MSMEs

The Corporate Affairs Commission is set to register an additional 20,000 Micro, Small and Medium Enterprises in the country at a discounted rate of 50 per cent.

The Registrar General of the Corporate Affairs Commission (CAC), Alhaji Garba Abubakar, stated this Thursday in Abuja while receiving the Chairperson of Business Women Working Group (NAWORG), Hajiya Aisha Abubakar, on a courtesy call.

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A statement by the head of media of the commission, Rasheed Mahe, quoted the RG saying the initiative is to provide access to credible women and youth-owned informal businesses operating in various areas.

“CAC has actively supported and participated in the series of interventions embarked upon by the present administration in the country including the 250,000 free business names registrations.

“Also, the commission just secured approval to register 20,000 more businesses at 50% discount in collaboration with the Abuja Enterprise Agency,” he said.

Mahe further said in view of the successes recorded, many more state governments and groups have been approaching the commission to broker such collaborations in order to formalise more informal businesses.