News From – Presidential Council
Nigerian government on Monday said the number of days required for registration of new businesses in Nigeria has been reduced from 10 to 2, courtesy of a reform agenda of Buhari administration.
Also, prospective business owners can now search on Corporate Affairs Commission (CAC) portal www.cac.gov.ng to avoid duplication of names and prevent selection of prohibited names, while company registration no longer requires lawyers as it is now optional for SMEs to hire lawyers to prepare registration documents.
These are among highlights of a report presented at a Presidential Enabling Business Environment Council, PEBEC, at the Presidential Villa, marking the end of the 60-day Action Plan on Ease of Doing Business in Nigeria reforms.
The Council established by President Muhammadu Buhari is chaired by Vice President, Yemi Osinbajo, SAN.