250,000 SMEs get free registration approval from Buhari

President Muhamadu Buhari has given approval for the Corporate Affairs Commission (CAC) to give free business name registration 250,000 businesses across the nation. This approval was communicated to Nigerians by the Media aide to the President, Bashir Ahmad. In a tweet he said “President Buhari has approved free business names’ registration for 250k MSMEs nationwide; according to the CAC, 6,606 names in each of the 34 states, Abuja will have 7,906, Lagos 9,084 & Kano 8,406,” he tweeted.

Since the end of the #EndSARS protests, the Federal Government has been working on packages that are perceived as necessary for addressing the issues of large youth unemployment, which is viewed as a catalyst for the massive turnout during the protests. The National Economic Council (NEC) has set  up a committee to meet the needs and demands of Nigerian youths behind the #EndSARS protests. The head of the Committee is Vice President Yemi Osinbajo, with one of the frameworks being “A social security framework for the youths and Nigerians to deal with the problem of unemployment and poverty in the country.”