Corporate Affairs Commission (CAC) announced this in a statement by available to newsmen in Abuja on Sunday.
According to the statement, the decision is to assist Micro, Small and Medium Enterprises (MSMEs) to formalize their businesses which will enable them own corporate account with Banks, have access to loans, grants, and other government interventions.
To this end, management of CAC enjoined members of the public to take advantage of the extended window to register their businesses. “Following the directive of the Vice President, HE Prof. Yemi Osinbajo, SAN, GCON the Corporate Affairs Commission (CAC) wishes to inform the general public that the 50% reduction in registration fee for Business Names window has been further extended for 90 days effective 13th May, to 13th August, 2019. “The extension is to assist Micro, Small and Medium Enterprises (MSMEs) to formalize their businesses which will enable them own corporate account with Banks, have access to loans, grants and other government interventions. “Members of the public are enjoined to take advantage of this extension to register their Business Names at the reduced cost of N5000” reads the statement.

Source: Independent

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