Stella Dimoko Korkus.com: Lawyers No Longer Needed To Register Businesses in Nigeria

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Friday, 4 November 2016

Lawyers No Longer Needed To Register Businesses in Nigeria

Bello Mahmud, registrar-general of the Corporate Affairs Commission (CAC), on Thursday said the the commission had taken steps to eliminate bottlenecks associated with registering a business.


Speaking at the second presidential economic communication workshop in Abuja, Mahmud said this was with a view to creating an enabling environment for businesses to thrive.

He also revealed that the cost of registering a business had been reduced by 50 percent.

“We have reduced the cost of registering a business by 50 percent. You don’t need a lawyer to register your business for you anymore. You can ‎now do it yourself. The process is easy now,” he said.

‎”You can now register your business anywhere at our offices in Lagos, Kano and Enugu.”

Earlier, Jumoke Oduwole, senior special assistant to the president on industry, trade and investment, outlined measures the government was to taking to create investment opportunities for the country.

According to her, one of the measures is‎ reducing the strictures to getting a Nigerian visa.

She said President Muhammadu Buhari was concerned‎ about the ranking of Nigeria as one of the most difficult countries to do business; hence he has set up a committee to come up with ways of making Nigeria business friendly.

The Cable


*Good news for some and bad for the Lawyers..lol

42 comments:

Intelligentia princess loves The Queen. said...

Yinmu...

Ol's Network said...

better....

OBI'S JEWEL said...

This is good news though. But how many businesses in Nigeria are registered?? One who doesn't live in either of the mentioned states above can't start traveling all the way just to register business naw.

Anonymous said...

Very good idea.

Alloy Chikezie said...

Good news.

Your comment will be visible after approval.

Audrey said...

Is it not naija, the process might be longer now cos you would have to bribe different people for you to be attended to on time. More money to the the officials.

Mrs I said...

Aww that's good oo all dos c and b lawyers tryna exploit someone.One exploited my frnd so much and d annoying part was dat d documents came with error on d business name so she had to start all over again.

SDK MISTRESS said...

it will still be difficult. Nigeria makes everything difficult for startups
common to pay for sponsored ad on facebook we are speaking english
you cant use ur debit card in peace because of baba's monetary policies

Serenity said...

Interesting.......

Purity said...

No be small bad news for some.
The issue is, is this information diffused enough for all to be informed?
There is still room for business for some Lawyers all the same.
cheers to everyone.

Kiks said...

Oh well! Hunger for some lawyers.

barbie micheal said...

This man na otu.... stupid lot

beautiful said...

Be deceiving yourselves there. They approve ordinary biz name in 3 months something that used to take one week

Anonymous said...

Chikito the professional show off, just read the post on chika ike's pre birthday vacation. I saw like two comments you posted saying that she's lying about her vacation. Sotey you turn weather broadcaster, Miss Fall Season. The other day, you wrote an epistle detailing your shopping in the UK, you spent below a £1000 and we noncommercial hear word from you. You're just a showoff. Why don't you let chika enjoy her vacation in peace. Anumanu

Anonymous said...

Chikito the professional show off, just read the post on chika ike's pre birthday vacation. I saw like two comments you posted saying that she's lying about her vacation. Sotey you turn weather broadcaster, Miss Fall Season. The other day, you wrote an epistle detailing your shopping in the UK, you spent below a £1000 and we no come hear word from you. You're just a showoff. Why don't you let chika enjoy her vacation in peace. Anumanu

Adadioramma said...

Chai, some go frown face o.

La Sweet said...

I am celebrating this. Bad market for Lawyers.



...TAG A FRIEND,COMMENT & PRAY 4 SDKBLOG...

Anonymous said...

Bad market for lawyers and good news to me because I want to register my business name...yipeeee

stephan said...

Thank goodness.this CAC and memorandum of association is delaying my progress courtsey of this crazy bar man.

diamond in d house said...

Gud news 4 d individuals cos d lawyers sabi cut person neck.

Tochi Joan said...

Actually, this only affects the registration of BUSINESS NAMES and not the INCORPORATION OF COMPANIES. Lawyers are statutorily required, by CAMA, to be part of the latter.

Esta Akpan said...

I never knew one even needed a lawyer to register a business cos I did mine myself in April and got my certificate a month later.

SDK MISTRESS said...

anony this is business post
please keep this for the appropriate post,IHN that is where all the drama go down.
2pm make it a date

Enchanted said...

I forgot my laptop in a taxi yesterday @ Gwagwalada, Please help me pray that the taxi man or whoever finds it should use the phone number on the school book, IXORA ACADEMY lugbe Abuja to locate me. Please may God bless your heart to help me. Thanks.

Bravitudenaturals said...

Good news,mail me if you need organic products

Sassy 'Meruche' Fire said...

Chai,dem no wan make we chop again ni? Issorite o.

Golden said...

This is terrible news for lawyers! But on a second thought.. does the R.G really think individuals will find it easy registering by themselves? Who is going to prepare the MEMART for them to suit thier business.Stamp duties? Lol i laugh in french.Una go still find lawyers wey go help you last last!!

Golden said...

This is terrible news for lawyers! But on a second thought.. does the R.G really think individuals will find it easy registering by themselves? Who is going to prepare the MEMART for them to suit thier business.Stamp duties? Lol i laugh in french.Una go still find lawyers wey go help you last last!!

Sue said...

After registering business nko? What about creating an enabling environment with power, accessible forex, roads, insensitive tax, etc baba buhari your toughness and insensitivity is unreasonable. We can't wait for you to go

Mosi Jubelo said...

Exactly, good news and bad news

Anonymous said...

Lol you still need a qualified and accredited lawyer to prepare your documents and frank them for so,big whoop.

charitybino said...

Let's see how it goes.

Omah Cindy said...

Akuko. Who will sign CAC form 4? Don't rejoice yet cos last last you go still need lawyer. Anyway, I am a litigation lawyer and the courts are always open. I choputas not

Anonymous said...

Give us employment not this.

Mao akuh

Anonymous said...

Hahahahaha @ the people referring to Memart and Stamp duties. What does business name registration have to do with stamp duties and Memart? You can register your business by yourself, it has always been that way but most people prefer giving it to lawyers. What you cannot do is - Incorporation of company.

usani osim said...

Good one but they should try some more: Rwanda is the 2nd most convenient country to do business in the world ; it only takes 2hours to get your biz registered. With the internet, shouldn't Nigeria try better?

General Zod said...

That applies to registration of Companies. Business names is an entirely different sphere.

General Zod said...

That applies to registration of Companies. Business names is an entirely different sphere.

General Zod said...

They don't know..it's MEMOART. And people will keep giving lawyers business names to register regardless of this.

Anonymous said...

And u don't think we know that already? Mtcheeww...

Anonymous said...

Hmnnn,dat was how my boss wanted to do it on his own, he has given out 50 different names and they rejected all of them. I have told him to better get a lawyer.

Anonymous said...

More needs to be done to truly encourage business startups and entrepreneurship. How about expanding your offices to include Calabar, Port-Harcourt, Uyo, Sapele, Benin, Aba? Given that most Naija roads are death traps plus other additional costs involved in setting up shop, monetary and otherwise, the aim ought to be on streamlining forms/fees/documents etc. How about a secure online portal where all these steps can be completed as well without too much stress? QED@atm

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