Abuja, Nigeria – If you dey hustle for small business for Naija, dem get beta news for you! The Corporate Affairs Commission (CAC) and Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) don sign MoU wey go make registration for 250,000 micro, small, and medium enterprises (MSMEs) completely free! Just imagine how many dreams fit come alive as dem no go pay the usual ₦11,000 registration fee again.
The signing ceremony happen yesterday for CAC Head Office for Abuja and e gather plenty peeps – from press guys to big shots like Hussaini Ishaq Magaji wey be CAC Registrar-General and Charles Odii, the sharp guy wey dey run SMEDAN. Dis partnership go help many entrepreneurs wey dey struggle to register their businesses because dem dey fear dem no go see better returns on top the money wey dem go spend.
As the wahala don dey too much for small business owners, this initiative na welcome development. E dey fall under President Bola Ahmed Tinubu’s Renewed Hope Agenda, wey dey aim to make life beta for small businesses and padi entrepreneurs. You fit call am ‘Our time don come!’
When dem talk for the signing, both leaders emphasize say this move go put many businesses on the right track. Instead of dey see registration as burden, many na now go see am as free ticket to dey join the profitable market. With dis initiative, dem go pick uncountable businesses wey go fit grow, attract investment, and fit even export their goods. E mean say, all those dreams you get for your small business fit actually become reality!
Plus, the schemes no just stop for registration alone; registering na one step, but e dey open door to government support, technical assistance and networking opportunities wey go help dem scale. For sure, this dey promote economic growth for the nation. $$$$$ is coming!
Hussaini Magaji talk say the plan dey take their eyes cost of registration, wey dey put many businesses in informality and limit their access to market opportunities. By dem waiving ₦3 billion worth of registration fees so that they fit make proper and legal businesses, na serious investment in the economy dem dey do, no be small matter o!
Charles Odii join am talk say many businesses dey collapse within five years because dem no dey find correct structure or guidelines. But with this move, dem go fit tackle that problem upside down. As he explain, formalising a business be like giving am legal identity, e go help dem attract finance, markets, and better opportunities.
With SMEDAN in charge of guiding and profiling de eligible businesses for registration, dem go make sure say no body comot for this opportunity, no matter where you dey – even if you dey for village. Opportunities dey to go rural too, just de keep your ear for ground.
In summary, this initiative don show say government dey serious for empowering its people, and work dey go for increasing tax base without laying wahala for small businesses. As one big paddy said – ‘If we no make you feel like you fit lead, how you go fit move our economy forward?’ Abeg, entrepreneurs, this na your chance to shine!
Do you have a news tip for NNN? Please email us at editor@nnn.ng
