The Corporate Affairs Commission (CAC) has announced that the 90 days extension within which small businesses could register their business names at a discounted rate would soon expire.
Calling on micro, small and medium-scale enterprises (MSMEs), to maximise the window of opportunity in the 50 percent reduction in registration fee for business names CAC said this is to give those who could not register in the first and second phases of the Business Incentive Strategy (BIS) the opportunity to do so.
The Commission in its May 10th press statement said it was extending the window by 90 days. The said 90 days expires on August 10th, 2019.
Acting Registrar General of CAC, Lady Azuka Azinge, had disclosed that Vice President Yemi Osinbajo gave the directive to encourage ownership of MSMEs for the economic growth and development of the country.
Last year, the CAC under the BIS announced a cut in the cost of business names registration from N10,000 to N5,000 for a period of three months until December 31, 2018.
At the close of the window, the commission announced an extension until March 31. The extension followed requests from state governments and other interest groups.
The CAC registrar said the third extension was expected to deepen the successes achieved in the first and second phases of the exercise. It will run from Monday, May 13 to August 13.
She charged members of the public to take advantage of the further extension.
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