1.27 Million(!) companies registered in Nigeria in 2013

1.27 Million(!) companies registered in Nigeria in 2013

The Corporate Affairs Commission (CAC) registered a total of 1.271 million companies in the first three quarters in 2013.

Alhaji Bello Mahmud, the registrar general of the CAC said the introduction of electronic workflows have led to efficiency gains over the previous method of manual registrations. The new systems have also drastically reduced the occurrences of name and number duplications. The new systems are also expected to reduce the cost of registering a company by at least 50%!.

Developments like those at the CAC in Nigeria highlight the importance of IT infrastructure in the registry domain. If you think your registry could improve it’s efficiency, who not contact us about our RegSys registry service. A full e-Registry solution that is designed to boost productivity and drive efficiencies across your registry. Get in touch here.

WorldStage News has a full report on the improvements in the CAC (see here)