How ICT revolutionises business registration in Nigeria

428
1520
Registrar-General of the CAC, Barrister Bello Mahmud

In its bid to improve the ease of doing business in Nigeria, the Corporate Affairs Commission (CAC), an agency of the government responsible for the Start-Up of Business, has explored the Information Communication Technology (ICT) to make a paradigm shift in business registration procedures and methods.

A reliable document in the possession of Economic Times highlights major ways ICT has helped improved friendly business ecosystem in the country to include the Company Registration Portal (CRP) which was introduced in 2014 to replace the Content Pinnacle Software which was found to be limited in user ability.

Major benefits of CRP is user-friendly as it affords entrepreneurs on-line and real time access to the services of the CAC from the comfort of their offices or homes using different payment platforms such as inter-switch, e-transacts, master card, verve and visa card. This has made a business registration within 24 hours possible in Nigeria.

In order to get the Commission’s accredited agents (Lawyers, Accountants and Chartered Secretaries) acquainted with the CRP application, the Commission has embarked upon intensive training programme nationwide. The training which is a continuous exercise has been successfully held in Abuja, Lagos and Kano.

CAC has also deployed Document Upload Interface to enable Customers to upload their registration documents online for processing.  Customers no longer have to submit documents physically before registration. The Commission processes the application and issue registration certificate based on the uploaded documents while the originals are submitted upon completion of the registration process before the certificate is released by the Commission.

The Commission has also deployed Elkectronic Stamping Integration in order to get the optimal benefits of the CRP and further ease the process of company registration. The CAC has successfully integrated the Company Registration Portal to the Stamp Duty Portal of the FIRS. Customers can now pay and stamp their documents online through the Company Registration Portal. The new e-stamping system has dispensed with the physical submission of documents to FIRS for assessment of manual stamping.

For efficiency and to ensure seamless operation of the Company Registration Portal and zero downtime, CAC has out-sourced the hosting of its main database and operating software to Main-One Data Centre in Lagos. This will ensure 99% uptime thus ensuring efficient registration services.

The Commission has also improved its feedback mechanism as it established a Help Desk Unit to attend to all forms of enquiries and complaints. The Help Desk has five dedicated telephone lines which are: 08182299016, 08182298971, 09087401598, 09087401599 & 09087401600. The Help Desk also has an email service: cservice@cac.gov.ng

Also to improve the customer relation, the Commission organizes on quarterly basis Customers’ Forum, where Management interacts with stakeholders and members of the public for feedback on its services. At such forum, the Commission listen to members of the public on their expectations and demands and resolutions are reached. The Forum is held in rotation in the six geo-political zones.

The CAC has digitized its database, better known as Legacy Record, in order to ensure the integrity of the system and provide for easy retrieval of the registration records. It also enables ease access of database by staff and Customers electronically.

The digitalization of records of these registered entities i.e., Limited Liability Companies, Business Names and Incorporated Trustees will serve the convenience of the Customers and stakeholders and achieve the desired delivery benchmarks set by the Commission. It will enable members of the public carry out searches and due diligence electronically.

One of the laudable achievement of CAC under the leadership of Barrister Bello Mahmud is the review of Companies and Allied Matters Act (CAMA) which has been in operation for over 25 years without any substantial amendment.

The Commission has carried out an in house review of CAMA to bring it in line with global best practices in Company Regulation and administration. Given the extensive nature of the review covering about 200 Sections, the Commission has proposed a re-enactment of the Act.

The CAC is also implementing the revised service timelines for registration services as: Name reservation – 12 hours from submission of request: New registration of Companies, Business Names and Incorporated Trustees – 24 hours from filing of application.

The Commission is now opened for transaction from 8.00am to 7.00pm from Monday to Friday in Abuja, Lagos, Kaduna, Kano, Enugu and Port Harcourt.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

428 COMMENTS

  1. Hello there, You’ve done a fantastic job. I’ll certainly digg it and personally recommend to my friends. I’m confident they’ll be benefited from this web site.

  2. Thanks for every other excellent article. The place else may just anybody get that type of info in such an ideal means of writing? I have a presentation next week, and I am at the look for such info.

  3. I simply could not leave your website before suggesting that I actually loved the usual information an individual supply in your guests? Is gonna be back regularly in order to inspect new posts

  4. This is very interesting, You are a very skilled blogger. I ave joined your feed and look forward to seeking more of your wonderful post. Also, I have shared your web site in my social networks!

  5. I am interested to discover which blog system you are working with? I am having several minor protection difficulties with the latest website on teer counter today result so I would love to find one thing a lot more safe. Are there any suggestions?

  6. Spot on with this write-up, I actually suppose this web site wants far more consideration. I all probably be again to learn far more, thanks for that info.

  7. We stumbled over here from a different site and thought I should check things out. I such as what My partner and i see so i am just following anyone. Look forwards to looking at your site repeatedly.

  8. Thanks for every other fantastic post. Where else may anyone get that type of information in such a perfect way of writing? I have a presentation next week, and I am at the search for such info.

  9. you are really a good webmaster. The site loading speed is amazing. It seems that you are doing any unique trick. Also, The contents are masterpiece. you have done a magnificent job on this topic!

  10. Appreciating the commitment you put into the website and in-depth facts you display. It really is awesome to come across a site once in a while that isn’t the similar outdated re-written material. Fantastic read! We have bookmarked your blog and I am including your RSS feeds to my medical lawsuit lawyers blog.

  11. IaаАа’б‚Т€ТšаЂаŒаАа’б‚Т€ТžаБТžd ought to talk to you here. Which is not some thing I do! I quite like reading a post which will make men and women believe. Also, many thanks permitting me to comment!

  12. I’ve read several good stuff here. Certainly worth bookmarking for revisiting. I surprise how much effort you put to make such a magnificent informative web site.

  13. Wow! This could be one particular of the most helpful blogs We ave ever arrive across on this subject. Actually Fantastic. I am also a specialist in this topic so I can understand your effort.

  14. This is very interesting, You are a very skilled blogger. I have joined your feed and look forward to seeking more of your magnificent post. Also, I ave shared your web site in my social networks!

  15. I will immediately grab your rss feed as I canaаАа’б‚Т€ТšаЂаŒаАа’б‚Т€ТžаБТžt locate your e-mail subscription link or newsletter service. Do you ave any? Please let me know in order that I could subscribe. Thanks.

  16. This particular blog is obviously entertaining and also factual. I have found many interesting things out of this source. I ad love to return again and again. Thanks a bunch!

  17. Wow, fantastic blog structure! How lengthy have you been running a blog for? you made running a blog look easy. The entire glance of your site is excellent, as well as the content material!

  18. Wow, superb weblog structure! How long have you ever been running a blog for? you made blogging look easy. The entire look of your website is wonderful, let alone the content material!

  19. Thank which you bunch with regard to sharing this kind of with all you genuinely admit a minute ago what you are speaking approximately! Bookmarked. Entertain also obtain guidance from my web page

  20. Pretty nice post. I just stumbled upon your weblog and wanted to say that I ave truly enjoyed browsing your blog posts. After all I will be subscribing to your feed and I hope you write again soon!

  21. Pretty nice post. I just stumbled upon your weblog and wished to say that I ave really enjoyed browsing your blog posts. In any case I all be subscribing to your feed and I hope you write again soon!

  22. I will immediately seize your rss feed as I can not in finding your e-mail subscription link or e-newsletter service. Do you have any? Please allow me realize so that I may just subscribe. Thanks.

  23. I think that what you said was actually very logical. However,
    think on this, suppose you were to create a killer headline?
    I mean, I don’t wish to tell you how to run your blog, however
    suppose you added a headline that makes people desire more?
    I mean How ICT revolutionises business registration in Nigeria | Economic Times
    is a little vanilla. You should look at Yahoo’s front
    page and note how they write news titles to get people to open the links.

    You might add a related video or a related picture or two to get readers interested about what you’ve got to say.
    Just my opinion, it might make your posts a little bit more interesting.

  24. Wow, awesome blog layout! How long have you been blogging for? you made blogging look easy. The overall look of your web site is fantastic, let alone the content!. Thanks For Your article about sex.

  25. Having read this I believed it was rather informative.
    I appreciate you spending some time and energy to put this informative article together.
    I once again find myself personally spending a significant amount of time both reading and posting comments.
    But so what, it was still worthwhile!

  26. We are a group of volunteers and opening a new scheme in our community.
    Your site provided us with valuable information to work on. You’ve done an impressive job and
    our entire community will be thankful to you.

  27. The whole look of your web site is fantastic, let well as the content material! Excellent weblog right here! Additionally your site quite a bit up very fast!

  28. Hey there! This is my 1st comment here so I just wanted
    to give a quick shout out and tell you I really enjoy reading your articles.
    Can you suggest any other blogs/websites/forums that go over
    the same subjects? Thanks!

  29. You can definitely see your skills in the work you write. The sector hopes for even more passionate writers like you who aren at afraid to say how they believe. All the time go after your heart.

  30. Hey very cool web site!! Guy .. Excellent .. Wonderful ..

    I will bookmark your blog and take the feeds also?

    I am happy to seek out so many helpful information right here in the submit, we need
    work out more strategies on this regard, thank you for sharing.
    . . . . .

  31. Usually I don at learn post on blogs, however I would like to say that this write-up very forced me to take a look at and do it! Your writing style has been amazed me. Thank you, quite nice article.

  32. 5Km55t Very nice post i must say wedkarstwo.Very nice post i must say wedkarstwo.Very nice post i must say wedkarstwo.Very nice post i must say wedkarstwo.Very nice post i must say wedkarstwo.

  33. sex whip

    […]Wonderful story, reckoned we could combine some unrelated data, nevertheless truly worth taking a look, whoa did one study about Mid East has got additional problerms at the same time […]

  34. Thank you a bunch for sharing this with all folks you actually realize what you are talking about! Bookmarked. Please also talk over with my site =). We may have a link exchange agreement between us!

  35. Read this Article Good info and right to the point. I am not sure if this is really the best place to ask but do you people have any thoughts on where to employ some professional writers? Thank you 🙂

  36. headaches

    doctor daniel m barr of west coast wellbeing north port fl cures auto injuries from car accidents. He has a complete treatment facility for car accident pain. Medical professional Barr has an unique whiplash treatment.

LEAVE A REPLY

Please enter your comment!
Please enter your name here