Nigeria to Start Global Online Business Registration

The federal government’s Investment Climate Reforms programme has recorded a major boost as the Ministry of Industry, Trade and Investment has concluded plans to ensure that Nigerians in the diaspora or foreigners planning to register their businesses in Nigeria could do so online from any part of the world within the next two months.

The Minister of Industry, Trade and Investment, Mr Olusegun Aganga, disclosed this during the 2013 Ministerial Platform, in Abuja, yesterday (July 30, 2013). The minister explained that the Corporate Affairs Commission(CAC) had begun the process of ensuring that the 24- hour business registration was achieved in all states across the country, adding that more states had been covered since the commencement of the initiative in July last year.

According to Aganga, “Since the launch of 24-hour business registration in July 2012, 35,902 companies have been registered their companies in 24 hours. So, far, we have achieved a 10 per cent increase in the number of companies registered, and an increase of 33 per cent in business names registered and 42 increase incorporated trustees.”

He said, “Currently, the 24- hour business registration is attainable in Lagos, Abuja, Kano and Kaduna with Port Harcourt and Enugu following shortly. Also, global online business registration will take off in two months’ time. This will ensure that anyone can register their businesses in Nigeria from any part of the world and also make payment without necessarily coming to Nigeria,” he said.