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🇳🇬 Nigeria /Economy & Trade

CAC opens new Lagos office

From The Punch · () English

Summarized and contextualized by DistantNews.

At a glance

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  • The Corporate Affairs Commission (CAC) has opened a new service office in Lagos to improve access to business registration services for SMEs.
  • The new office at Tafawa Balewa Square aims to bring corporate services closer to entrepreneurs and support the government's formalization drive.
  • This initiative aligns with federal reforms to enhance the business environment and promote economic inclusion in Nigeria.

The Corporate Affairs Commission (CAC) has launched a new service office in Lagos, strategically located at Tafawa Balewa Square, to enhance accessibility for Micro, Small, and Medium Enterprises (MSMEs). This move is part of a broader effort to improve Nigeria's ease of doing business and formalize small businesses.

The Corporate Affairs Commission (CAC) has commissioned an additional service office at Tafawa Balewa Square (TBS), Lagos, to bring registration and compliance services closer to small business owners and further improve the ease of doing business in Nigeria.

— Corporate Affairs CommissionAnnouncing the opening of the new service office and its purpose.

Registrar-General and Chief Executive Officer Hussaini Magaji (SAN) commissioned the office on Monday. The CAC stated that the new facility is equipped to offer seamless business registration, annual returns filing, and other compliance services. This aims to enable entrepreneurs to conduct transactions more efficiently and reduce the time needed for corporate dealings.

Commissioned today by the Registrar-General/CEO, Hussaini Ishaq Magaji, SAN, the new office is strategically established to support the Federal Government’s drive, under the leadership of President Bola Ahmed Tinubu, GCFR, to formalise small businesses and deepen economic inclusion.

— Corporate Affairs CommissionHighlighting the alignment of the new office with government objectives.

The initiative directly supports President Bola Tinubu's administration's agenda for economic inclusion and improving the business environment. By bringing services closer to entrepreneurs, the CAC seeks to encourage more businesses to operate within the formal economy.

The TBS office is fully equipped to provide seamless business registration, annual returns filing, and other compliance services, enabling SMEs to transact directly with the Commission in a faster, more convenient, and efficient manner.

— Corporate Affairs CommissionDetailing the services and benefits offered by the new office.

This expansion underscores the CAC's commitment to supporting MSMEs and promoting regulatory compliance. The commission believes that easier access to quality corporate services is crucial for the growth and formalization of small businesses across the country.

This expansion reinforces CAC’s commitment to supporting Micro, Small and Medium Enterprises (MSMEs), promoting regulatory compliance, and ensuring that entrepreneurs can access quality corporate services with greater eas

— Corporate Affairs CommissionReiterating the commission's dedication to supporting SMEs.
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Originally published by The Punch. Summarized and contextualized by our editorial team with added local perspective. Read our editorial standards.

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