CAC, Moniepoint Commence Registration of Two Million Small Businesses in Nigeria [Video]

• The Corporate Affairs Commission has disclosed that it has already started the registration of small businesses
• The agency said the move is to formalise the sector and drive revenue generation in Nigeria
• The development follows the discovery of 189 fake property companies in Abuja

Pascal Oparada has over a decade of experience covering Tech, Energy, Stocks, Investments, and Economy.

The Corporate Affairs Commission (CAC) has registered two million companies in Nigeria to formalise the sector.

The Commission revealed that its Registrar-General, Hussaini Ishaq Magaji, disclosed this at a ceremony in Abuja.

CAC gives reasons for registration of new businesses

Magaji said the registration is facilitated in collaboration with Moniepoint and is meant to stimulate economic growth, boost regulatory compliance, and encourage economic development via tax revenue.

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