Nigerian government on Monday said the number of days required for registration of new businesses in Nigeria has been reduced from 10 to 2, courtesy of a reform agenda of Buhari administration.

Also, prospective business owners can now search on Corporate Affairs Commission (CAC) portal (www.cac.gov.ng) to avoid duplication of names and prevent selection of prohibited names, while company registration no longer requires lawyers as it is now optional for SMEs to hire lawyers to prepare registration documents.

These are among highlights of a report presented at a Presidential Enabling Business Environment Council, PEBEC, at the Presidential Villa, marking the end of the 60-day Action Plan on Ease of Doing Business in Nigeria reforms.
The Council established by President Muhammadu Buhari is chaired by Vice President, Yemi Osinbajo, SAN.

However, Tuesday’s meeting was chaired by Transportation Minister Rotimi Amaechi.

Others in attendance were Foreign Affairs Ministers Geoffrey Onyeama, Minister of State for Industry Trade & Investment Aisha Abubakar, and her counterpart in Budget & National Planning Zainab Ahmed. Other government dignataries at the meeting included the Head of Service, Mrs Winifred Oyo-Ita, and several heads of MDAs.

The report was presented by Dr. Jumoke Oduwole, Senior Special Assistant to the President on Trade & Investment.

According to the report, CAC has introduced single incorporation form (CAC1.1) to save time and reduce costs while the agency has introduced document upload interface on its website to enable e-submission of registration documents.

Other aspects of the reforms now actualized in the last 60 days include the Integrated FIRS e-payment solution into CAC portal to enable e-stamping while the reform empowers CAC internal lawyers to certify company incorporation forms and conduct statutory declaration of compliance for a fixed fee of N500.

According to the report, the PEBEC listed “Dealing with construction permits, Getting electricity, Registering Property, Getting Credit and Paying Taxes,” as some of the areas where the council has recorded progress in the past 60 days.

The report also highlighted the completed reforms on the “Entry and Exit of People,” indicator which includes Simplified Visa-on-Arrival process, Infrastructural improvements at the Abuja airport, and the new Immigration Regulation 2017.

It also indicated that the completed reforms are being closely monitored to ensure diligent implementation with minimal disruption while pending reforms are being escalated to ensure completion in the coming weeks.

http://fabinfos.com/nigerians-can-now-register-businesses-in-2-days-fg/

Lalasticlala Mynd44 seun Dominique

I need to register my own company.
Money must be made.

Ok

I wish it's true and immediately achievable.

I wish all government workers could do training with private firms for like 1 year so they can imbibe the proper attitude of real work.

Imagine going to FIRS to process TIN, the officer there was just bitter that I came late (around 1pm), that she has been working since morning! Was wondering if she was supposed to be sleeping since morning.

Meanwhile, government agencies need younger staff as front staff. How can you have a 45 year old as a front line staff in a government agency, that wrong staffing.. that's like the age of most mid level managers in banks.. how can you expect the best from ppl like this.

Younger ppl, immediate graduates need opportunities like these to grow.

I will certainly be CEO

Good one there

good move

Registering business is not the matter now it's funding

at last a ray of hope for Sme's in Nigeria, won't forget how I suffered in the hands of this CAC people,,,, God don cash dem..

Story. The last time I tried using the site this year, it had issues. It was a similar story like this that I read, that made me try the site.

Only on news it works go there it still takes as long as

Register business and fund it with tissue papers or leaves abi?

story

.

For real or just news?

Who wan register business now when to chop food sef na wahala




Ndi ara

the saying is always different from the doing. Give a try and you'll spend weeks before you finally do your registration.

When I read the title... I laughed so hard I fell from my seat.
If it is possible, the person that thought of it needs a medal.

rattlesnake:
Registering business is not the matter now it's funding

Stage by Stage

Good

Fayose we are not seeing Buhari everyday but we are seeing his policies. Long live my President.

no more chuwachuwA end of the road for some ole inside CAC

Wack Country

This is about minutest of problems of doing business in Nigeria. Regulatory agencies activities must be reviewed seriously. Nafdac, FIR, others are a pain with some of their demands. Regulatory agencies activities should be streamlined





quote author=dammy13 post=55888506]Nigerian government on Monday said the number of days required for registration of new businesses in Nigeria has been reduced from 10 to 2, courtesy of a reform agenda of Buhari administration.

Also, prospective business owners can now search on Corporate Affairs Commission (CAC) portal (www.cac.gov.ng) to avoid duplication of names and prevent selection of prohibited names, while company registration no longer requires lawyers as it is now optional for SMEs to hire lawyers to prepare registration documents.

These are among highlights of a report presented at a Presidential Enabling Business Environment Council, PEBEC, at the Presidential Villa, marking the end of the 60-day Action Plan on Ease of Doing Business in Nigeria reforms.
The Council established by President Muhammadu Buhari is chaired by Vice President, Yemi Osinbajo, SAN.

However, Tuesday’s meeting was chaired by Transportation Minister Rotimi Amaechi.

Others in attendance were Foreign Affairs Ministers Geoffrey Onyeama, Minister of State for Industry Trade & Investment Aisha Abubakar, and her counterpart in Budget & National Planning Zainab Ahmed. Other government dignataries at the meeting included the Head of Service, Mrs Winifred Oyo-Ita, and several heads of MDAs.

The report was presented by Dr. Jumoke Oduwole, Senior Special Assistant to the President on Trade & Investment.

According to the report, CAC has introduced single incorporation form (CAC1.1) to save time and reduce costs while the agency has introduced document upload interface on its website to enable e-submission of registration documents.

Other aspects of the reforms now actualized in the last 60 days include the Integrated FIRS e-payment solution into CAC portal to enable e-stamping while the reform empowers CAC internal lawyers to certify company incorporation forms and conduct statutory declaration of compliance for a fixed fee of N500.

According to the report, the PEBEC listed “Dealing with construction permits, Getting electricity, Registering Property, Getting Credit and Paying Taxes,” as some of the areas where the council has recorded progress in the past 60 days.

The report also highlighted the completed reforms on the “Entry and Exit of People,” indicator which includes Simplified Visa-on-Arrival process, Infrastructural improvements at the Abuja airport, and the new Immigration Regulation 2017.

It also indicated that the completed reforms are being closely monitored to ensure diligent implementation with minimal disruption while pending reforms are being escalated to ensure completion in the coming weeks.

http://fabinfos.com/nigerians-can-now-register-businesses-in-2-days-fg/

Lalasticlala Mynd44 seun Dominique [/quote]

That is cool

That's a commendable move by the government. It can only get better.

Oh really? We await testimonies of intending businessmen

Let the "real" presidency not deny this later because with this sort of govt with several presidencies anything could happen


But i still ask o....who is the presidency ?

To register ordinary Jamb takes week and they now feed the brainless with all their imaginary tales