CAC registers two million businesses

Eaglessightnews gathers  that  Corporate Affairs Commission (CAC) has  registered two million businesses so far with the intent to hit the federal government 50 million job creation target.

This update is unveiled by the registrar, Corporate Affairs Commission, Hussaini Ishaq Magaji during a meeting with the minister Industry Trade and Investment, the Moniepoint Executive Director, Babatunde Olofin in Abuja, stating that the Moniepoint box containing the proposed two million new businesses is  set to be formalised.

Magaji: “The registration of the new businesses was part of CAC’s contribution to the realisation of the present administration’s economic revival plan.

“I am delighted with the partnership with moniepoint to develop the MSMEs sector, which will undertake the project at proposed discount rates to ensure Nigeria’s economic development.”

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Speaking, Moniepoint Executive Director, Babatunde Olofin stated their readiness to actualize the project in line with the present administration’s economic revival agenda.

In a post published by thenation,  the Minister of Industry, Trade, and Investment, Doris Uzoka-Anite, described the event as a landmark achievement through the use of information technology to catalyse the economy, stating that job creation to revolutionise the economy was part of President Bola Ahmed Tinubu’s eight-point agenda aimed at financial inclusion, poverty alleviation, and economic empowerment.

She said the government is ready to grant the needed intervention for the project, which is the first of its kind in the country’s history, in order to create jobs and provide an enabling environment for businesses to thrive.