The Corporate Affairs Commission (CAC) has opened a new service office at Tafawa Balewa Square, Lagos, to expand access to business registration and compliance services for Micro, Small and Medium Enterprises as part of efforts to improve Nigeria’s ease of doing business.
Penpushing reports that the commission in a statement on its verified X account said the Registrar-General and Chief Executive Officer of the Commission, Hussaini Magaji commissioned the new office on Monday/
The statement explained that the office is expected to bring corporate services closer to entrepreneurs and support the Nigerian Government’s drive to formalise small businesses, adding that the initiative aligns with the government’s ongoing reforms aimed at promoting economic inclusion, improving the business environment and encouraging more businesses to operate within the formal economy.
Penpushing further reports that the commission explained that the facility was strategically located to support President Bola Tinubu’s administration’s efforts to deepen formalisation of small businesses across the country.
“The Corporate Affairs Commission (CAC) has commissioned an additional service office at Tafawa Balewa Square (TBS), Lagos, to bring registration and compliance services closer to small business owners and further improve the ease of doing business in Nigeria’, it read.
“Commissioned today by the Registrar-General/CEO, Hussaini Ishaq Magaji, SAN, the new office is strategically established to support the Federal Government’s drive, under the leadership of President Bola Ahmed Tinubu, GCFR, to formalise small businesses and deepen economic inclusion’, it added
Penpushing also reports that the commission stated that the new office had been fully equipped to provide seamless business registration, filing of annual returns and other regulatory compliance services.
The Corporate Affairs Commission (CAC), explained that the facility will enable entrepreneurs to access its services more efficiently and reduce the time required to complete corporate transactions.
“The TBS office is fully equipped to provide seamless business registration, annual returns filing, and other compliance services, enabling SMEs to transact directly with the Commission in a faster, more convenient, and efficient manner,” the statement added.
Penpushing reports that the commission pointed out that the expansion underscored its commitment to supporting Micro, Small and Medium Enterprises (MSMEs) promoting regulatory compliance and ensuring that entrepreneurs have easier access to quality corporate services.
“This expansion reinforces CAC’s commitment to supporting Micro, Small and Medium Enterprises (MSMEs), promoting regulatory compliance, and ensuring that entrepreneurs can access quality corporate services with greater ease,” the statement added.
Penpushing further reports that commissioning of the Lagos office comes as the commission continues to roll out reforms and digital initiatives aimed at simplifying business registration processes, reducing bureaucratic bottlenecks and encouraging more enterprises to join the formal sector, which remains critical to Nigeria’s economic growth and revenue generation.
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