Corporate Affairs Commission
The Corporate Affairs Commission (CAC) has registered not less
than 73,000 companies within three months under its cost-friendly
Business Incentive Strategy (BIS) rolled out in October last
year.
Acting registrar-general of the Commission, Lady Azuka Azinge,
who made this known in Abuja, yesterday, said the Commission would
record a higher number of registration in the first quarter of
2019.
“From 1st October to 31st December 2018, we registered 73,000
companies, if you look at the corresponding year, about 30,000
companies were registered in 2017, so you can see the BIS was
successful.
“Based on popular demand, we have to go back to the minister for
extension which started from January 1 to March 31 2019, we are
almost at the tail end of the second part and so far we are
exceeding what we did last year. We expect to see much higher
number which is what we are seeing already in our record,” she
said.
Azinge, therefore called on the private sector operators to take
advantage of the BIS window which ends on March 31, 2019, to
register their business name at reduced fee of N5, 000, adding that
there was no going back on the various initiatives put in place to
ensure ease of doing business in the country.
“The Commission has undertaken many initiatives. We are fully
decentralised in our operations, whereby you now have online
registration of business names, limited liability companies as well
as the incorporated trustees, which can be registered online 24
hours within which you get your certificate. Payments are also done
online, there is also integration with the FIRS on issue of the
stamp duty,” she said.