From May 1 to July 31, business registration will cost only N5000, Vice-president Yemi Osinbajo has said.
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.
According to a statement by Laolu Akande, special assistant to the VP on media and publicity, Osinbajo gave the directive on Monday at the first quarter MSMEs stakeholder meeting held at the Presidential Villa.
The special business name registration window of 50% discount was granted by the Federal Government through the Corporate Affairs Commission to help to bring as many MSMEs to formalize their businesses.
It is reported that business registration increased from 54,000 to 163,000 within six months of introducing the special window for subsidized registration costs
