The Federal Government on Tuesday announced a 90-day special window for a reduced rate of business registration of N5000.
Vice President Yemi Osinbajo made the announcement at the launch of the 19th edition of the Micro, Small and Medium Enterprises (MSMEs) Clinics in Enugu,
Osinbajo said the 90-day special window spanned from Oct. 1 to Dec. 31, and is aimed to ease the process of registering MSMEs in the country.
Hitherto, business registration is N10,000.
“So, I am pleased to announce that the Federal Government, through the Corporate Affairs Commission, has approved a special window of 90 days from Oct. 1 to Dec. 31 to register businesses at a considerably reduced rate of N5000 only, down from as much as N10,000 previously,” Osinbajo said in a press statement signed by Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President in Abuja.
Osinbajo said that the Federal Government designed to consolidate the gains of the MSMEs Clinics, by establishing shared facilities for MSMEs.
He observed that the facilities would be based on a partnership between the Federal Government, interested States, Bank of Industry, NEXIM Bank, FIRS, NAFDAC, SON and interested private sector partners, as part of efforts at deepening the impact of the Clinics.