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Revealed: 7 key things to know as FG opens portal for free CAC registration for 250,000 businesses

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Federal Government has launched free registration for 250,000 MSMEs to support business growthEligible entrepreneurs can access training, funding opportunities, and more through the SMEDAN portalGovernment waives ₦3 billion in fees, boosting Nigeria’s path towards a formal economy

Pascal Oparada is a journalist with Legit.ng, covering technology, energy, stocks, investment, and the economy for over a decade.

The Federal Government has officially opened applications for the free registration of 250,000 Micro, Small and Medium Enterprises (MSMEs) under a new initiative aimed at supporting business growth and expanding Nigeria’s formal economy.

The programme, implemented through a partnership between the Corporate Affairs Commission (CAC) and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), will enable eligible entrepreneurs to register their businesses at no cost.

Nigerian small business owners get a lifeline as FG begins Free CAC registrationFG opens the SMEDAN portal to register 250,000 small businesses for free. Credit: Novatis
Source: UGC

The initiative is expected to reduce the financial burden on small business owners while giving them access

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