The Federal Government of Nigeria announced that 100,000 business names have been registered for free by the Corporate Affairs Commission under its CAC Scheme in partnership with the Survival fund.
This was disclosed in a statement by the FG on Wednesday afternoon.
The FG said: “Pleased to announce that we have hit a milestone of 100,000 Business Names registered free of charge by CAC Nigeria as part of the Survival Fund NG”
“Registering these existing and new businesses brings them into the formal economy, with benefits for the Government and the businesses.”
What you should know
- Recall Nairametrics reported in October 2020 that President Muhamadu Buhari approved free business name registration with the Corporate Affairs Commission (CAC) for 250,000 businesses across the nation.