The Corporate Affairs Commission (CAC) has disclosed that it registered over 69,000 business entities in two months. This was coming after the launch of its Business Incentive Strategy (BIS).

The acting Registrar-General of CAC, Lady Azuka Azinge, who said this during a media roundtable in Abuja recently explained that before now, the number of business registration they had in three months of the same period was about 50,000 and in two months, the number grew to over 69,000.

She also said they are still expecting to have a very large number of businesses registrations before the end of December.

According to her, the main aim of crashing the cost of business registration in Nigeria from N10,000 to N5,000 for a period of three months (1st October to 31st December 2018), was to enable massive registration of small businesses in the country.

“People are already asking for extension and we have just written to the minister of Finance to extend it for another three months. The initiative is being commended by most state governments are asking and several associations saying that we should please give more time to enable them register.”

She said the initiative was in line with the major thrust of the president Muhammadu Buhari's administration which centred on revamping and diversification of the economy through constantly supporting MSMEs. The CAC boss said the Commission has also provided a user-friendly Company Registration Portal (CRP) via its website which gives customers real-time access to the services of the Commission from their offices or homes.

SOURCE: https://www.trendingaccounting.com/2018/12/cac-registers-69000-companies-in-2.html

Yet 20 million job lost

Who is deceiving who?





Get a browser that pays you for browsing the Internet..check my signature below..its free.

They should extend it into the new year

Lol . And some idiotic bastards say there’s hunger ,poverty and unemployment in the land .
Sai Baba jare .
Wailers and pigs should go and die

They haven't registered the new one I am trying to register.

Their website is funny. Mine has been pending after uploading the documents and submitting them online. I called CAC customer care and they said I havent uploaded.

Cool

I am a website designer, get website for your business today at cheaper rate. Check my signature for my contact

more companies , lesser job ......naija which way?

Honestly A good news.
Time to register mine too

PayPal Needed urgently

click whatsapp link for business

Imagine how many people this 69k companies will hire.

Job lost and also job regained under this government

By the way, it seems that BOI is a scam. Bogus and unscrupulous process.







Meanwhile, govt needs to encourage technology. The worth of Apple Corporation is almost equal to the value of Africa's biggest economy.

OkaNaUbe:
They haven't registered the new one I am trying to register.

Their website is funny.

You can’t navigate ordinary website.
No wonder you support Nnamdi Kanu

APC and Scam are like Russia and nuclear weapons. They won't even allow us enjoy our Christmas before attempting another scam.

Just in case you don't know, Russia has enough nuclear weapons to destroy the whole world including them, and so technically, APC has enough scam to destroy Nigeria, including them.

lol, 69,000 functioning and successful companies or registered 69,000 one-man owned zombie companies existing only on paper and in the wardrobes of the so-called company owners , Nigerian government kontinu you hear

DonFreshmoney:
You mean companies that are to be used to launder public funds abroad under the guise of contract awarded to these companies.

We all know the system in Nigeria, register a company that doesn't employ a single individual, but use it to siphon money abroad.

If these companies are really for the purpose, 69,000 companies, if they employ 10 people in NIGERIA, that's 690,000 off unemployment. But we all know their purpose. NONE will ever advertise employment.

You mean companies that are to be used to launder public funds abroad under the guise of contract awarded to these companies.

We all know the system in Nigeria, register a company that doesn't employ a single individual, but use it to siphon money abroad.

If these companies are really for the purpose, 69,000 companies, if they employ 10 people in NIGERIA, that's 690,000 off unemployment. But we all know their purpose. NONE will ever advertise employment.

Lol, Don't you know that you can register a non-existing business in Nigeria? You better go and register one for future use.

Trouble1:
Lol . And some idiotic bastards say there’s hunger ,poverty and unemployment in the land .
Sai Baba jare .
Wailers and pigs should go and die

OkaNaUbe:
They haven't registered the new one I am trying to register.

Their website is funny. Mine has been pending after uploading the documents and submitting them online. I called CAC customer care and they said I havent uploaded.

Snap and upload a screenshot here, I'll advise you.

DonFreshmoney:
You mean companies that are to be used to launder public funds abroad under the guise of contract awarded to these companies.

We all know the system in Nigeria, register a company that doesn't employ a single individual, but use it to siphon money abroad.

If these companies are really for the purpose, 69,000 companies, if they employ 10 people in NIGERIA, that's 690,000 off unemployment. But we all know their purpose. NONE will ever advertise employment.

69,000 people registered businesses strictly for siphoning money abroad?

Guy, stop disgracing yourself online.

OkaNaUbe:
They haven't registered the new one I am trying to register.

Their website is funny. Mine has been pending after uploading the documents and submitting them online. I called CAC customer care and they said I havent uploaded.

Because you are not a politician, these companies are registered for election purposes, they would be used to launder public funds under the guise of campaigning

Instead of fixing the Economy they are patching it up

69,000 stores/ shops not company's get ur facts right,jubril and lies

I registered two, I will still add one more today

Trouble1:
Lol . And some idiotic bastards say there’s hunger ,poverty and unemployment in the land .
Sai Baba jare .
Wailers and pigs should go and die

Don't be foolish every one is going into entrepreneurship since they are out of jobs. But even entrepreneurs needs basic amenities to thrive.

Ok

OkaNaUbe:
They haven't registered the new one I am trying to register.

Their website is funny. Mine has been pending after uploading the documents and submitting them online. I called CAC customer care and they said I havent uploaded.

Stop spreading false information...I registered 2 companies on 24th December

OkaNaUbe:
They haven't registered the new one I am trying to register.

Their website is funny. Mine has been pending after uploading the documents and submitting them online. I called CAC customer care and they said I havent uploaded.

You need someone to help you, believe me because their website is fairly okay! Also, their website selects phones when uploading documents

Talk to me for incorporation and post incorporation matters of your company or business name.


I am certified law and accredited CAC agent.