The Federal Government of Nigeria recently offered free business name registration for 250,000 Micro, Small and Medium Enterprises (MSMEs) nationwide under its recently launched Survival Fund Scheme.
This is part of Federal Government’s post-Covid-19 pandemic survival intervention to support micro and small businesses to formalise their businesses. The Federal Government has approved the free registration of 6,606 Business Names in each of the 34 states while Abia, Lagos and Kano will have 7,906, 9,084 and 8,406 respectively.
This opportunity is open to small business owners and enterprises, artisan and people with ideas in order to make their business a legal entity recognised by the government of Nigeria.
Here is what to know about business registration.
Aggregators have been appointed to receive applications from interested persons in line with CAC requirements. The names and contact details of the aggregators can be obtained on the Commission’s Website, www.cac.gov.ng
The free registrations started on the 19th October 2020 and the list of documents needed to register a business in any of their centres are:
- Three (3) Proposed Names
- Two (2) Passport-sized photographs
- Valid Means of Identification
- Phone Number/Email address
Every business needs to be recognized as a legal entity when it starts growing or immediately when one start a business depending on the nature of your business and this is a free ticket to a business name.