President Muhamadu Buhari has approved free business name registration with the Corporate Affairs Commission (CAC) for 250,000 businesses Nationwide.
This was announced on Tuesday evening by the media aide to the President, Bashir Ahmad.
“President Buhari has approved free business names’ registration for 250k MSMEs nationwide; according to the CAC, 6,606 names in each of the 34 states, Abuja will have 7,906, Lagos 9,084 & Kano 8,406,” he said.
“The free registration commences today, visit http://cac.gov.ng for details” he added.
TrueTalkNews earlier reported earlier this month that the CAC had announced that it would begin registering companies within 48 hours, approve names same day, and ensure 5-day completion for other post-incorporation services not available electronically.
Since the end of the #EndSARS protests, the Federal Government has been working on packages that are perceived as necessary for addressing the issues of large youth unemployment, which was a fuel for the protests.
Meanwhile, The National Economic Council (NEC), set up a committee to meet the needs and demands of Nigerian youths behind the #EndSARS protests.
The head of the Committee is Vice President Yemi Osinbajo, with one of the frameworks being “A social security framework for the youths and Nigerians to deal with the problem of unemployment and poverty in the country.”
Therefore, The free business registration coming this period will help Nigerians with access to it and save on registration fees.
See Tweet Below;
Pres. @MBuhari has approved free business names’ registration for 250k MSMEs nationwide; according to the CAC, 6,606 names in each of the 34 states, Abuja will have 7,906, Lagos 9,084 & Kano 8,406.
— Bashir Ahmad (@BashirAhmaad) October 27, 2020