As it clocks 35, the Corporate Affairs Commission celebrates big tech wins, MSME support, and a cleaner companies register.
The Corporate Affairs Commission (CAC) has marked its 35th anniversary with a strong message: Nigeria’s business registry has gone fully digital—and MSMEs are winning.
Speaking during a Celebration Walk in Abuja, CAC Registrar-General Hussaini Magaji said the commission has transformed from a manual, location-based registry into a fully digital, end-to-end service, accessible to Nigerians anywhere in the world.
“Today, you can register your business from your room—24 hours a day—without stepping into any CAC office,” Magaji said.
He explained that the digital overhaul has boosted ease of doing business, strengthened transparency, and improved confidence in Nigeria’s corporate environment. As part of a major clean-up in 2025, CAC de-registered over 400,000 inactive and non-compliant companies to protect the integrity of the national register.
On MSMEs, Magaji revealed that CAC, working with SMEDAN, supported 250,000 entrepreneurs with free business registrations, helping small businesses cut costs and move into the formal economy.
The commission has also rolled out a Beneficial Ownership Register, allowing the public to see who truly owns companies operating in Nigeria—an initiative now recognised globally for promoting transparency and fighting financial crimes.
Magaji added that staff welfare remains a priority, announcing housing and vehicle loan schemes, as well as plans for a health facility for serving and retired staff.
The anniversary celebration featured a symbolic fitness walk, highlighting teamwork, resilience, and CAC’s commitment to serving Nigeria’s business community after 35 years of reforms and regulation.
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