You can - Open Up companies by yourself(unlike before that you needed two or more people)

You don't need AGMs and Company secretaries(unnecessary regulations removed).

Minimum share capital for Companies and start ups reduced. It creates a limited liability partnership which is a new form of legal identity for Nigerian businesses. Allows for the registration of companies from anywhere via the e-registration system

With CAMA, you need only you to open and run a company. This is good for start-ups and young entrepreneurs. #CAMA

everytime argument, sometimes learn something that is created to make life easier for us.
With CAMA, you need only you to open and run a company.
This is good for start-ups and young entrepreneurs. #CAMA


- CAMA promotes the use of technology in the registration of businesses.
- One Person can now open and run a company unlike two or three people/ directros
- CAMA removes all the unnecessary regulatory provisions for small companies.
- It reduces the minimum share capital for companies and start-up in Nigeria (for people like my humble self wey no too hold).
- CAMA creates another new category of legal identity for Nigerian businesses.
- It ensures that Nigerians can now register their businesses from anywhere in the country through the e-registration system.
- Promotes the use of technology in the registration of businesses.
- Removes all the unnecessary regulatory provisions for small companies.
- reduces the minimum share capital for companies and start-up in Nigeria
https://medium.com/@NGRSenate/7-benefits-of-the-senates-new-cama-act-bbfddc197f30

barristerzinny:
it has always been an e-registration. You have to be an accredited user of the website.

Tracypacy:
How can one be an accredited user of the site?

royalads:
Nice one. NLS students be like... Oh my World. After I've covered my Corporate law notes and CAMA.

barristerzinny:
for you to be an accredited user, you have to be a lawyer or an accountant or chartered secretary. You have to pay and register for accreditation, which is 5k to the commission.