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CAC To Deploy Additional Modules On Its Registration Portal

by Clement Uzo
3 years ago
in News, Business
Reading Time: 1 min read
CAC To Deploy
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The registrar- general of the Corporate Affairs Commission ( CAC ), Alhaji Garba Abubakar, said the commission would soon deploy additional three modules on its online registration portal.

This is contained in a statement by CAC’s head of media unit, Mr Rasheed Mahe on Thursday in Abuja.

Abubakar said this when the chairperson of Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA), Business Women Working Group (NAWORG ), Hajiya Aisha Abubakar paid him a visit.

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He said the deployment was in continuation of the commission’s reforms.

According to him, the module which included the eXtensible Business Reporting Language (XBRL) filing system for financial reports, was developed in collaboration with the Financial Reporting Council (FRC).

He explained that it was also developed with support from EU-Act programme under the European Union and British Council.

He further said a stakeholder engagement/validation is being organised before the deployment of the new modules, adding that the commission’s active support and participation in the series of interventions by the current administration, include the 25,000 free business names registration.

Earlier, the chairperson of NAWORG, Abubakar urged the commission’s collaboration towards achieving gender equality and women empowerment in Nigeria.

According to her, the number of Micro Small and Medium Enterprises (MSMEs) in Nigeria has dropped to 39 million from 41 million due to the negative impact of COVID-19.

She commended the reform initiatives at the agency which has reduced bottle necks in the registration processes.

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