Senator Natasha Akpoti-Uduaghan has collaborated with the Corporate Affairs Commission (CAC) to register 2,500 Small and Medium Enterprises (SMEs) in the district. This initiative, announced by her Chief Press Secretary, Arogbonlo Israel, in a statement issued on Wednesday, underscores the lawmaker’s commitment to fostering business growth in the region.
The registration will be conducted on the spot and offered at a rate of N11,000 per SME.
– Senator Akpoti-Uduaghan has pledged to cover the total cost of N27,500,000 for the registration of all 2,500 SMEs.
The partnership was formalized during a meeting between CAC officials, led by Mr. Bello Muftau Esq, Head of CAC FCT Zonal Office, and Senator Akpoti-Uduaghan at her office in the National Assembly, Abuja.
The initiative aims to assist small business owners in meeting government registration requirements, thereby promoting business growth and development in Kogi Central.
The registration drive is expected to commence soon, with a special conference planned to bring together key players in the business ecosystem for synergy and collaboration. Participants will include regulatory bodies, the Bank of Industry, and others.
Senator Akpoti-Uduaghan emphasized the need for CAC to enhance its education and sensitization efforts to inform business owners about the importance of registration and the benefits of compliance.
Mr. Bello Muftau Esq, representing the CAC, lauded the partnership as a significant step towards promoting the ease of doing business in Nigeria, in line with the Commission’s mandate under the Companies and Allied Matters Act (CAMA) 2020.
– He highlighted measures the Commission has implemented to simplify the registration process, reduce costs, improve digital infrastructure, and offer incentives for business registration.
