NEWS
CAC Reduces Time Of Registering New Companies To Three Hours.
The Corporate Affairs Commission (CAC) says it will be possible for companies in Nigeria to be registered within three hours, before the end of 2021.
The commission tweeted this on Sunday via its verified Twitter handle.
It said, Garba Abubakar, the commission’s registrar-general, gave this indication at a recent dinner in honour of the chairman, governing board, CAC and Nigeria’s Ambassador-designate to Spain, Ademola Seriki.
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The commission announced last December the upgrade of its online registration portal for business.
The Corporate Affairs Commission (CAC) says following the successful deployment of an end-to-end registration module, it is now prioritizing the reduction of the registration circle for new companies to just 3 hours before the end of year 2021. pic.twitter.com/mMGjLN1JeS
— Corporate Affairs Commission (@cacnigeria1) April 11, 2021
It said the upgrade would include features that allow the automation of key services and processes in line with the federal government’s effort to Nigeria’s ease of doing business.
PREMIUM TIMES had reported how the new regulation protocol has left businesses in the country stranded for months.
According to the commission, the new development follows the deployment of an end to end registration module which is expected to end before the end of 2021.
It said “the Corporate Affairs Commission (CAC) says following the successful deployment of an end-to-end registration module, it is now prioritizing the reduction of the registration circle for new companies to just 3 hours before the end of the year 2021,”
To achieve the target, Mr Abubakar said the Commission was making arrangements to empower over 400 approving officers with working tools to process and approve registration applications either from home or anywhere necessary.