Nigeria Extends 50% Discount For Business Name Registration

SAN FRANCISCO, May 06, (THEWILL) – Spurred by the successes recorded in the first 50% discount window for business registration in Nigeria, the federal government has directed the Corporate Affairs Commission, CAC, to extend by three months, the special window for MSMEs.

Vice President Yemi Osinbajo, SAN, gave the directive Monday at the first quarter MSMEs stakeholder meeting held at the Presidential Villa.

The special business name registration window of 50% discount was approved by government through the CAC to help to bring as many MSMEs to formalize their businesses.

The Vice President also directed the Standard Organisation of Nigeria (SON) and National Agency for Food and Drug Administration and Control (NAFDAC) to speedily harmonise issues relating to overlapping responsibilities for product registration.