The Corporate Affairs Commission, CAC, incorporates/registers businesses in Nigeria. The Certificates of Incorporation/Registration indicate intent; not proof of performance. Registered businesses should report performances to CAC on yearly basis. Sadly, there has been low compliance. The Commission therefore carries a heavy burden of healthy alongside sick and dubious names in its warehouse of records.

This experience impacts adversely as unscrupulous elements use dead businesses to their advantage - illegal bank loans and scam transactions (frauds that run into several billions yearly).

Sick and none-performing businesses not used by the criminal minded are no less harmful to good corporate health and best business practices.

Nigeria's economy is afflicted with poor business cultures. World economies are driven by goodwill. Without credibility, there is no credit and without credit, businesses crawl. A business community with poor credibility suffers greatly. CAC has to infuse Nigeria's business sector with some dose of credibility.

Everyone knows that many top Nigerian officials in public and private sectors transact businesses in their entrusted ventures. Genuine business men and women make bids but the officials hijack the jobs.

CAC must take the bull by the horn. Any national economy is unsafe where insider abuse is institutional. Stiffer requirements for registering businesses have become a necessity and call for more personal identity information.

CAC must not lose sight of its purpose of being: help to build businesses in Nigeria. CAC should give Nigerian businesses basic credibility and virtual visibility at low costs. These are some of the benefits it should be selling the public. Helping to build businesses in Nigeria will give room for genuine business to trive and so open door to employment opportunities to the citizens.

CAC must learn to be pro-active, stop being reactionary and re-invent itself. CAC/business community face-off is avoidable with constructive engagements.

This is Internet age. CAC must stop living in an ancient fortress while aiming to enhance 21st Century Nigerian business sectors. Prospective business owners do not need to travel far to deal with CAC. E-incorporation/registration including return of statements are the next stage in the Commission's affairs.

CAC should shake itself lose, become less rigid and help the business sector and win their confidence.

nice post @otitokoro1, your post is very commendable, sorry if am going to comment like a CAC protege but recently the commission has really improved in service delivery, the journey of ICT is a process not an event, take for instance
Name availability that takes close to 7days before now takes a time frame of 24-48 hours.
Registration of Business Name and Limited Liability Company takes like 14days unlike the #Months and done only in Abuja days.

I will count your post as a clarion call for improvement its commendable to have constructive criticism like this to awaken the giants in them.
Shalom