Buhari approves free business name registration for 250,000 SMEs in CAC

CAC

His Excellency, President Muhammadu Buhari has approved the registration of free business name with the Corporate Affairs Commission (CAC) for 250,000 businesses across the Country.

 

H-Forbes gathered that this was earlier announced on Tuesday evening by Bashir Ahmad, the Media aide to the President.

It states; 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 and Kano 8,406.

 

The free registration commences today, kindly visit https://t.co/XTVTfPewMD for more details.

pic.twitter.com/eF2YcYaJAE

-Bashir Ahmad

(@BashirAhmaad) October 27, 2020)

“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 and Kano 8,406,” he tweeted.

“The free registration commences today, visit http://cac.gov.ng for details” he restated.

What you need to know

If you recall, earlier this month H-Forbes reported that the CAC had announced it will begin it’s registering of companies within the space of 48 hours, approval of names the same day and ensuring 5-days completion for other post-incorporation services that are not available electronically.

Bottomline

Since the end of the #EndSARS protest, FG has been working on some packages that are perceived as very important for addressing the issues of large number of unemployed youths which was viewed as a catalyst for the massive turnout amid the protests.

The National Economic Council (NEC) set up a committee to meet the needs and demands of Nigerian youths behind the #EndSARS protests.

 

Vice President, Yemi Osinbajo is the head of the Committee 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”.

 

The free business registration coming this period will assist businesses that can’t afford the registration fee to get their businesses registered and timely.