President Bola Tinubu has approved the free registration of 250,000 Micro, Small and Medium Enterprises (MSMEs) with the Corporate Affairs Commission (CAC) as part of efforts to support small businesses across Nigeria.

The approval was announced during the 8th National MSME Awards, with the initiative aimed at reducing the cost of formalising businesses and expanding opportunities for entrepreneurs.

Application through SMEDAN portal

Eligible entrepreneurs are required to submit their applications through the official Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) portal.

The registration exercise is expected to help more small businesses gain legal recognition, improve access to government support programmes and strengthen their participation in the formal economy.

SMEDAN-registered businesses qualify automatically

According to the announcement, businesses already registered on the SMEDAN database but without Corporate Affairs Commission registration will automatically qualify for the waiver.

The initiative forms part of the Federal Government’s efforts to promote entrepreneurship, support MSMEs and encourage business growth across the country.

You can apply through portal.smedan.gov.ng