The Corporate Affairs Commission (CAC) has introduced a major initiative to support small businesses across Nigeria, offering free business name registration to 3,500 enterprises across the country’s 36 states and the Federal Capital Territory (FCT).
The Registrar-General of the commission, Hussaini Magaji, shared the announcement in a post on the CAC’s X handle on Monday.
Magaji explained that the programme is intended to reduce the cost of business formalisation for micro and small enterprises and to encourage more entrepreneurs to operate within the formal economy.
“In the spirit of the celebration, the CAC has announced free business name registration for 3,500 small businesses, to be distributed across the 36 states of the federation and the Federal Capital Territory,” the commission said in a statement.
He added that the initiative seeks to motivate small businesses to formalise their operations, giving them access to government services, financing opportunities, and broader participation in the economy.
Reflecting on the commission’s 35-year history, the registrar-general described the CAC as a product of “vision, innovation, and sustained commitment to national development.”
He noted that the agency has evolved into a technology-driven organisation prioritising efficiency, transparency, and adherence to global best practices.
As part of efforts to advance digital transformation, Magaji revealed that the CAC would sign a collaboration letter with Google to strengthen its digital infrastructure and service delivery. He said the partnership is expected to enhance portal performance and further simplify the ease of doing business in Nigeria.
Magaji also disclosed the launch of a redesigned CAC website featuring new digital tools, including an AI Lawyer and a business name generator.
He explained that the AI Lawyer will provide instant guidance on CAC laws and procedures, while the business name generator will make reserving scalable business names easier.
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