CAC registers 220,773 MSMEs in 10 months – TheNigerialawyer

The Corporate Affairs Commission on Monday announced that it
registered 220,773 Micro, Small and Medium Enterprises in the last
10 months.

The CAC said in a statement issued by the commission’s Head of
Public Affairs, Moses Adaguusu, in Abuja.

It said that the MSMEs were registered between October 2018 and
July 31, adding that it had also extended by three days, the 50 per
cent reduction in the registration fee for business names window,
under its Business Incentive Strategy.

The commission said with the extension, the promotional
reduction fee would now end on Friday, August 16.

It explained that the three-day extension was to enable micro,
small and medium enterprises that could not register their
businesses during the promo because of the Sallah holidays to do
so.

Adaguusu said, “From when the BIS started in October 2018 to
July 31, the commission registered at least 220,773 MSMEs under the
BIS window. The list is growing day by day.

“Registration of their businesses will enable them own corporate
accounts with banks, have access to loans, grants and other
government interventions.”

The commission urged members of the public to take advantage of
the three-day extension to register their business names at the
reduced cost of N5, 000.

It said registration could be done online or at any of the
commission’s offices nationwide.

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