Governor Babajide Sanwo-Olu of Lagos State has shown a keen interest in collaborating with the Corporate Affairs Commission (CAC) to streamline business registration processes.
Represented by his Deputy, Dr. Obafemi Hamzat, Sanwo-Olu welcomed the Registrar-General of CAC, Mr. Hussaini Magaji, during a courtesy call at Alausa, Ikeja, on Thursday.
Sanwo-Olu urged the CAC to simplify the registration process, especially for startups and small businesses that may struggle with fees. He proposed adopting a model akin to the state tax card to create a business database, easing the burden on new enterprises.
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He also highlighted the need for increased awareness to change the perception that registering with the CAC is difficult.
Mr. Magaji noted that the CAC is enforcing compliance within the fintech sector and stated that Point of Sale operators could register from anywhere in Nigeria. He expressed the commission’s readiness to collaborate with Lagos State to enable business owners to register at a consensual rate, thereby supporting micro, small, and medium enterprises.
