President Muhammadu Buhari has approved free business name registration with the Corporate Affairs Commission (CAC) for 250,000 businesses nationwide.
This news was made known in a tweet by the Media aide to the President, Bashir Ahmad on Tuesday evening.
Pres. @MBuhari has approved free business names’ registration for 250k MSMEs nationwide; according to the CAC, 6,606 names in each of the 34 states, Abuja will have 7,906, Lagos 9,084 & Kano 8,406.
— Bashir Ahmad (@BashirAhmaad) October 27, 2020
“President Buhari has approved free business names’ registration for 250k MSMEs nationwide; according to the CAC, 6,606 names in each of the 34 states, Abuja will have 7,906, Lagos 9,084 & Kano 8,406,” he tweeted.
“The free registration commences today, visit http://cac.gov.ng for details” he added.
This development is coming few days after the end of the #EndSARS protest which the teeming population of Nigerian youths seized to air their minds to the government.
The Federal Government has no doubt been working on packages that are perceived as necessary for addressing the issues of large youth unemployment, which is viewed as a catalyst for the massive turnout during the protests.
As further measures to address the greviances of Nigerian youths, the National Economic Council (NEC) has set up a committee to meet the needs and demands of Nigerian youths behind the #EndSARS protests.
The head of the Committee is Vice President Yemi Osinbajo, with one of the frameworks being “A social security framework for the youths and Nigerians to deal with the problem of unemployment and poverty in the country.”
The free business registration if properly harnessed can be a starting point for some unemployed Nigerian youth to try out something new with their registered business names or brands.