50% discount window: Business registration jumps 202% in 6 months

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…as FG extends window by 3 months

By  Yinka Kolawole

Business registration in Nigeria rose by about 202 percent, jumping from 54,000 to 163,000, within 6 months of introducing the special window for subsidized registration costs.

4 2 50% discount window: Business registration jumps 202% in 6 months
Osinbajo in Garki, Abuja market, interacting with traders

This was revealed in a presentation on National MSMEs Clinics held at the first quarter MSMEs stakeholder meeting held at the Presidential Villa, according to a statement made available to Vanguard yesterday, by Laolu Akande, Senior Special Assistant on Media and Publicity to the Vice President.

FG extends registration of business names by 90 days

The federal government had in October 2018, through the Corporate Affairs Commission (CAC), reduced the cost of business name registration from N10,000 to N5,000 to help as many micro, small and medium enterprises (MSMEs) as possible formalize their businesses.

Spurred by the successes recorded in the discount window, the federal government has…



Vanguard Newspaper