W’Bank Commends FG On Company Registration

World Bank
World Bank

The World Bank has commended the implementation of the Treasury Single Account (TSA) by the Federal Government through Remita, the apex bank approved payment gateway, and the Online Name Reservation Portal of the Corporate Affairs Commission (CAC) for improving the ease of registering companies in Nigeria.

Senior Special Assistant to the President on Trade and Investment, Dr. Jumoke Oduwole stated this recently at the conclusion of the second Presidential Economic Communications Workshop in Abuja, saying “the World Bank have commended the ease of starting a business in Nigeria. This is made possible through Remita and the CAC.”

The Registrar General of CAC, Bello Mahmoud, said that by year-end, the key objective of the CAC is to ensure that company’s names are registered in Nigeria “under six hours and you don’t need a lawyer anymore to register a business with CAC.’’

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