In bid to boost economic growth and development in Kogi Central, Senator Natasha Akpoti-Uduaghan has partnered with the Corporate Affairs Commission (CAC) to register 2,500 Small and Medium Enterprises (SMEs) in the district.
The registration, which will be done on the spot, will be offered at a rate of N11,000 each. Senator Akpoti-Uduaghan has committed to covering the total cost of N27,500,000 for the registration of all 2,500 SMEs.
The partnership was reached on Tuesday when the CAC officials led by the Head, CAC FCT Zonal Office, Mr Bello Muftau Esq met with the lawmaker at her office in the National Assembly, Abuja.
The partnership aims to support small business owners in meeting the government’s registration requirements and to promote business growth and development in the region.
The registration drive is expected to commence soon, with a special conference planned to bring together key players in the business ecosystem to forge synergy and collaboration.
The lawmaker also promised to organise a special conference to bring together the key players in the business ecosystem to forge synergy and collaboration towards business growth and development like regulatory bodies, Bank of Industry, and others.
She encouraged CAC to strengthen its education and sensitization efforts to inform business owners about the importance of registration and the benefits of compliance.
Responding, the CAC team, led by Mr Bello Muftau Esq, lauded the partnership as a significant step towards promoting the ease of doing business in Nigeria, in line with the Commission’s mandate under the Companies and Allied Matters Act (CAMA) 2020
He added the commission has put measures in place to promote the ease of doing business through simplification of the registration process, reduction of registration costs, reduction of costs, sensitisation, improvement of digital infrastructure, and incentives for business registration.