Business Registration: Corporate Affairs Commission (CAC) Goes Digital
The corporate Affairs Commission (CAC) has commenced 24 hours business registration as part of the government’s effort at making start up of business easier and improve ease of doing business in the country.
The Registrar-General, CAC, Mr Mahmud Bello made this disclosure in Kano at the CAC Customers’ Forum organised in conjunction with the Presidential Enabling Business Environment Council (PEBEC) yesterday.
Bello said that the aim of operating the new system was to see to it that business owners in Nigeria conveniently registered their businesses online within 48 hours.
According to him, the commission has implemented series of reforms this year to make it quicker, cheaper and more convenient for Nigerians to start businesses.
“CAC, as an agency of government involved in the startup of business, has keyed into the Federal Government’s vision to make Nigeria an easier place for businesses to start and thrive.
“Our reforms are designed with the MSMEs in mind. For us, a customer is a king and must be treated with royalty,” Bello said.
Manual application and registration processes would be gradually phased out in the course of the year, Bello said. It’s phase out, according Bello will start with Lagos and Kano as from April 30, where all submissions should be done online.
Also, the Secretary of PEBEC, Dr Jumoke Oduwole, said the council was committed to providing complete support to CAC and all other MDAs to implement the reforms. According to her, the reform is to actualise the Federal Government’s mandate of making businesses work in Nigeria.
The high point of the event was a demonstration session by the commission on its latest reforms such as document upload Interface which enabled e-submission of registration documents in CAC registration Portal.
The demonstration also involves the integration of the FIRS e-payment solution into the portal to enable e-stamping. Accordingly, the participants were given a walk-through of the public search window and the single incorporation form.
Additional report from NAN