The Registrar-General and Chief Executive Officer of the Corporate Affairs Commission (CAC), Hussaini Ishaq Magaji, SAN, has advised Nigerian youths to take advantage of the Federal Government’s free 250,000 business names registration to formalise their businesses.
Hussaini Magaji gave the advice in Kaduna while receiving members of the Association of Northern Nigerian Students (ANNS) on a courtesy visit. He said the initiative was designed to support young entrepreneurs and stimulate economic growth across the country.
According to him, “By this gesture, the CAC is injecting six billion naira into the economy and creating 250,000 jobs mostly for Nigerian youths in order to curb unemployment.” He explained that the initiative is part of a joint project between the CAC and the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN).
Magaji urged the association to create awareness among its members about the project, adding that many youths engaged in content creation and other business ventures would now have the opportunity to register and formalise their operations. He said this would help them access loans, government grants, and business opportunities available to registered enterprises.
He stated that the business registration drive supports the Federal Government’s plan to strengthen Micro, Small, and Medium Enterprises (MSMEs) and improve the ease of doing business in Nigeria.
Speaking earlier, the President of the Association of Northern Nigerian Students, Comrade Abdulmalik Zakari, commended the CAC Registrar-General for his role in promoting MSME development and youth empowerment.
Comrade Abdulmalik described Hussaini Magaji as “a visionary leader who has impacted the lives of thousands of young men and women in the country.” He praised his dedication to reforms aimed at improving Nigeria’s business environment and urged him to continue with the initiatives for the growth of the national economy.
During the visit, the CAC boss was presented with the Sir Ahmadu Bello Sardauna Educational Merit Award as an “Icon of Humanitarian Service.”
Nigeriastartupact.ng previously reported the launch of free CAC registration by CAC and SMEDAN for 250,000 micro, small, and medium enterprises. Interested business owners can register with SMEDAN through the official portal at portal.smedan.gov.ng.