You Can Now Complete A Business Registration Under 48 Hours – Enelamah
Nigeria’s Minister of Indutry, Trade and Investment Okechukwu Enelamah is saying that one can register any enterprise in Nigeria with the Corporate Affairs Commission, CAC under 2 days.
The minister made this claim while speaking at the 10th meeting of the National Council on Industry, Trade and Investment, with the theme, ‘Ease of Doing Business: The Role of States and Local Governments’ in Abia.
Enelamah used the opportunity to speak on some of the reforms the government has embarked on to drive ease of doing business in the country, especially for small businesses.
For instance, on trading across borders, Enelamah listed some of the completed reforms to include the reduction in import documentation requirements from 14 to 8 and export documents from 10 to 7.
He also listed the introduction of advance cargo manifests and scheduling of joint physical examination anchored by the Nigerian Customs Service.
He listed other reforms to include the passage and signing into law of two bills to ease access to credit for MSMEs.
“These two Bills are the Secured Transactions in Movable Assets Act 2017 and the Credit Reporting Act 2017,” he said in Abia on Friday.
“Business registration in Nigeria can now be concluded within 48 hours with the automated platform by the Corporate Affairs Commission (CAC),” he said.
He added: “Technologies were deployed to improve service delivery in the Ministries in the areas of SME platform, digitizing and simplifying the provision of government services.
“Examples include Commercial Law Department in our Ministry, digitizing One Stop Investment Centre and Pioneer Status Incentives Processes at the Nigeria Investment Promotion Council.”
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