CAC Set to Formalize More Small Businesses at Discounted Rates

The Corporate Affairs Commission (CAC) has pledged to support the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) Business Women Working Group (NAWORG) in its quest to provide customized advocacy training for women entrepreneurs to motivate them to register their businesses.

The initiative will also aim to provide access to credible women and youth owned informal businesses operating in various areas. The Registrar General/CEO of the Corporate Affairs Commission (CAC), Alhaji Garba Abubakar stated this while receiving the Chairperson of NAWORG, Hajiya Aisha Abubakar on a courtesy visit to the Commission.

Alhaji Garba Abubakar who recalled CAC’s active support and participation in the series of interventions embarked upon by the present administration in the country including the 250,000 free business names registration revealed that the Commission just secured approval to register 20,000 more businesses at 50% discount in collaboration with the Abuja Enterprise Agency.

Speaking earlier, the Chairperson of NAWORG, Hajiya Aisha Abubakar solicited amongst others, CAC’s collaboration towards achieving gender equality and women empowerment in Nigeria by leveraging on sensitization programmes to encourage women formalise their businesses.

Aisha Abubakar who said NAWORG mainstreams the objective of Goal 5 of the Sustainable Development Goals, which is to achieve gender equality and empower all women and girls noted that available statistics showed that the number of MSMEs in Nigeria dropped to 39 million from 41 million due to the negative impact of Covid-19.