FG Okays 90-day Special Window For MSME Registration

The Federal Government has approved a 90-day special window to register businesses at a reduced rate of N5,000 in a bid to further ease the process of registering Micro, Small and Medium Enterprises in the country.

Vice-President Yemi Osinbajo, who made the disclosure on Tuesday at the launch of the 19th edition of the National MSMEs Clinics in Enugu, Enugu State, said the special window of 90 days was from October 1 to December 31, 2018.

Osinbajo was quoted in a statement made available by Senior Special Assistant to the President on Media and Publicity, Office of the Vice-President, Laolu Akande, as saying, “It was observed during some of the earlier editions of the MSME Clinics that a lot of MSMEs were finding it difficult to register their businesses as a result of cost.

“The practice since we began the MSME Clinics is that most agencies offer price reductions, especially for registration and all other pre-investment approvals during the clinics.”So, I am pleased to announce that the Federal Government, through the Corporate Affairs Commission, has approved a special window of 90 days from Monday, October 1 to December 31, 2018, to register businesses at a considerably reduced rate of N5,000 only, down from as much as N10,000 previously.”

Photo Caption: Vice-President Yemi Osinbajo