FG Offers Free Business Registration for 250,000 MSMEs

See Survival Fund Formalization: FG Lunches Free CAC Business Registration

FG Offers Free Business Registration for 250,000 MSMEs-See Procedures

See Survival Fund: Register Your Business with CAC For Free-Start Here

FG Offers Free Business Registration for 250,000 MSMEs-See Procedures: The Federal Government has opened the door to register 250,000 MSMEs in Nigeria, “the Minister of State for Industry, Trade and Investment, Amb Mariam Katagum, disclosed this in an interview with the News Agency of Nigeria (NAN) on Monday in Abuja”

This new gesture is aimed at giving MSMEs CAC certificate and formalizes their business for easy access to credit facilities

About 250, 000 businesses will now benefits and be registered free of charge, Mariam added

Already, 75 Billion naira -MSME Survival Fund has been established see this plan succeed

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MSMEs owners are to cease the opportunities government avail for them as part of the covid-19 palliative and poverty alleviation measure of the federal government

The precise words of Amb Mariam Katagum

“We have got the Corporate Affairs Commission (CAC) to register 250,000 businesses free of charge.

“In Nigeria, we have a lot of these MSMEs but they are just never formalised, and they stay like that and some fizzle out because they are not able to access credit facilities.

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“So part of this component so to register 250,000 businesses free of charge, when you say free of charge, it is this project that pays because CAC will not do it for us free.

“We also within it give 50 per cent discount for those other enterprises that want to register, so if you are not micro, small or medium, you do not get that kind of free registration.”

“These programmes include among others, the N75 billion-MSME Survival Fund and Guaranteed Off-take Schemes of which I have the honour to chair the steering committee for the effective implementation of the projects.

“The project, which will run for an initial period of three months, is targeting 1.7million entities and individuals and has provisions for 45 per cent female-owned businesses and five per cent for those with special needs.”

CAC/SURVIVAL FUND Requirements

  • Three (3) different names of your proposed business names
  • Three (3) passport photos
  • Personal data information like valid means of identification, phone number & email

To the SDG Offices, SA in charge of the survival fund programme Nationwide.

They will collect your information and we will communicate to you where necessary.

Source

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