Nigeria: CAC initiates registration for 2 million small businesses
The Corporate Affairs Commission has initiated the registration of 2 million small businesses to formalize the sector.
In a statement on Friday, the CAC announced that its Registrar-General, Hussaini Ishaq Magaji, disclosed this during a ceremony in Abuja.
He emphasized that the registration initiative, conducted in collaboration with Moniepont, aims to spur economic growth, promote regulatory adherence, and enhance economic development by boosting taxation revenue.
Addressing the commission’s challenge of low business registration rates, formalizing these enterprises becomes imperative for fostering economic growth and expanding access to financial opportunities.
Related Posts
NEW: NCBA, KEPROBA to drive SME export growth in Kenya
NCBA has reaffirmed its support for Kenyan businesses seeking to compete in regional and international markets by convening…
By
Aradel to launch new petrol refining at modular facility
Aradel Holdings Plc is preparing to begin gasoline production at its modular refinery in 2027, following the removal…
AFC leads new investors in $2.5bn Dangote refinery private placement
The Africa Finance Corporation (AFC) has led a consortium of strategic investors in a landmark US$2.5 billion private…
NEW: Ecobank, Eco Stove to drive clean cooking in Uganda
Ecobank Uganda has partnered with Eco Stove Ltd to launch a Green Energy Financing Programme aimed at helping…
Gallery
