The Federal Government of Nigeria and the Corporate Affairs Commission (CAC) is organizing the FG/CAC free business names Registration for 250,000 Micro, Small and Medium Enterprises in Nigeria. A form of business formalization support of the MSME Survival Fund.
According to the information, the new development is part of the Federal Government’s post-Covid-19 Pandemic survival intervention to support micro and small businesses to formalise their businesses. The FG has approved the free registration of 6,606 Business Names in each of the 34 states; while Abia, Lagos, and Kano will have 7,906, 9,084, and 8,406 respectively.
Consequently, it had advised that all interested Micro and Small entrepreneurs, artisans, craftsmen/women, who are yet to formalise their businesses should take advantage of this rare opportunity.
To ensure the smooth operation of the process, Aggregators have been appointed to receive applications from interested persons in line with the CAC requirement. The names and contact details of the Aggregators have been provided on the Commission’s website.
FG/CAC Free Business Names Registration Requirements
The Requirements for registration include;
- Three (3) Proposed Names
- Two (2) Passport sized photographs
- Valid Means of Identification
- Phone Number/Email address
The registration for the FG/CAC Free Business Names Registration for MSMEs begins today, Monday 19th, 2020. So, if you haven’t registered your business, you can visit https://www.cac.gov.ng/wp-content/uploads/2020/10/AGGREGATORS.pdf then access the contact of Aggregator for your location, and visit them with the above documents.