CAC At 35: How Digital Reforms Are Rebuilding Trust In Nigeria’s Business Climate
In today’s tough economy, credibility is currency, and Nigeria is betting on smarter institutions to win investor trust.
The Federal Government says the Corporate Affairs Commission (CAC) has become a cornerstone of Nigeria’s economic credibility, as landmark reforms and digital innovation reshape the country’s business environment.
Speaking ahead of CAC’s 35th anniversary, the Minister of Information and National Orientation, Mohammed Idris, praised the Commission’s transformation into a tech-driven regulator that boosts ease of doing business, strengthens corporate governance and supports President Bola Tinubu’s Renewed Hope Agenda.
He linked CAC’s reforms to growing investor confidence and Nigeria’s exit from the FATF grey list, calling it a signal of rising global trust in the country’s transparency framework.
CAC Registrar-General, Hussaini Ishaq Magaji, SAN, said the Commission has moved from manual processes to fully digital services, expanding from 33 to over 100 online offerings, deploying AI for business registration and rolling out APIs for banks and security agencies.
He added that the Beneficial Ownership Register has improved transparency, while reforms have helped formalise over four million informal businesses.
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