The Registrar-General, (CAC), Mr. Bello Mahmud, said on Tuesday in Abuja that the cost of business registration in Nigeria was now cheaper and its process simplified to enable small entrepreneurs to register their businesses.
Muhmud disclosed this while addressing the Micro, Small and Medium Enterprise (MSME) Clinic saying:
- With the Company Registration Portal (CRP), any member of the public could now register businesses on-line at the comfort of their homes and offices.
- There is now reduction in the registration cost hitherto charged by professional middlemen (Lawyers, Accountants and Chartered Secretaries), in the registration process.
- Entrepreneurs who had already registered their businesses have the obligation to file Annual Returns with the Commission as and when due. Failure to file Annual Returns will result to striking-off of such defaulting entities on ground of dormancy.
Muhmud added that the MSME Clinic is an initiative of the Office of the Vice President, which is aimed at holistically addressing all the operational challenges and bottlenecks of MSME in Nigeria.
According to him, the commission is one of the critical government agencies that has been participating in the on-going nationwide MSME Clinic that commenced in Aba in January. The MSME Clinic was expected to be held in all states of the federation. And so far, the Clinic has been held in 13 states of the federation.