Abuja, Nigeria – Omo, dis one na correct news wey go make many small businesses shout for joy! The Corporate Affairs Commission (CAC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) don come together to roll out free registration for 250,000 Micro, Small, and Medium Enterprises (MSMEs) across the country. Na wa! Dis move fit save dem about ₦3 billion in registration fees. No be small money o!
The wahala wey dey for the informal sector don too much, and dis initiative wey dem announce on Friday during one Memorandum of Understanding (MoU) signing go help reduce the stress wey entrepreneurs dey face. CAC Registrar-General, Hussaini Ishaq Magaji, SAN, talk say dis scheme go allow dem chop official recognition without stressing their pockets.
Dr. Charles Odii, wey be SMEDAN Director-General, add say registration no be the end of the matter. Once dem don register, dem go dey fit enjoy continuous support like grants, training, and market access. Na real support dem dey talk about here, no be small!
According to the two agencies, na so dem dey plan to support Federal Government’s Renewed Hope vision wey dey focus on boosting Nigeria’s economy through entrepreneurship. You fit see say dem dey serious about e!
So, how you go register your business if you be MSME? Easy peasy! First, waka go SMEDAN portal, sign up, and complete your registration. When dem ask you if you get CAC number, just select ‘No’ (no need to lie, we no wan do any juju here). After you submit your details, dem go contact you back with how to finalize your free registration. Sharp sharp!
Furthermore, if your business don dey listed on SMEDAN’s database but you no get CAC registration, congratulations! You don automatically qualify for the free registration drive. Na so e be! Dis collaboration fit change the game for many entrepreneurs wey don dey hustle in silence.
With dis partnership, we dey see light at the end of the tunnel for many small businesses wey don dey survive like cats without nine lives. It go help dem gain access to the formal economy wey be gateway to funding and mentorship.
Do you have a news tip for NNN? Please email us at editor@nnn.ng
