COST OF BUSINESS NAME REGISTRATION REDUCED BY 50%
As part of the Nigerian government’s resolve to continually make the business environment accessible and to ease the financial burden of registration of business on the public, the Vice-president in conjunction with Corporate Affairs Commission (CAC) has reduced the cost of registration of business name from NGN 10, 000 to NGN 5, 000 with effect from 1st October 2018 to 31st December 2018.
Speaking at the launch of the 19th edition of the National MSMEs Clinic in Enugu, the Vice President, Prof. Yemi Osinbajo announced that the federal government has approved a 90-day special window to register businesses at a reduced rate of N5000 only. In addition to this, a public notice to this effect was made at CAC on 2nd of October 2018. The initiative is to deepen the benefits of the business reforms presently going on in the country. Members of the public intending to set up businesses are advised to take advantage of this window to register their businesses.
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