CAC Unveils Registration of Two Million Businesses, Boosting Tinubu's Job Creation Agenda
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In a significant stride towards President Bola Ahmed Tinubu's ambitious goal of creating 50 million jobs for Nigerian youths, the Corporate Affairs Commission CAC has announced the registration of two million businesses. This landmark revelation was made by the Registrar-General and CEO of the CAC, Hussaini Ishaq Magaji, SAN, during a momentous ceremony held in Abuja.
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The event, which took place at the Bank of Industry BOI and was chaired by the Minister of Industry, Trade, and Investment, Dr. Doris Nkiruka Uzoka-Anite, marked a pivotal collaboration between the CAC and Moniepoint. Hussaini Magaji emphasized that this initiative aligns with the present administration's economic revival plan, reflecting the government's commitment to fostering entrepreneurship and economic growth.
Speaking on behalf of Moniepoint, Executive Babatunde Olofin reiterated their dedication to supporting the government's agenda of economic revitalization. Minister Uzoka-Anite lauded the use of information technology to drive economic development, emphasizing the importance of job creation in President Tinubu's broader agenda of financial inclusion and poverty alleviation.
The event, which witnessed the symbolic handling of the Moniepoint box containing the proposed two million new businesses, signifies a historic step towards formalizing and empowering small and medium-sized enterprises MSMEs in Nigeria. This initiative, backed by governmental support and private sector collaboration, holds the promise of creating a conducive environment for businesses to thrive while generating employment opportunities for Nigerian youths.
President Tinubu's unwavering commitment to economic revival, as evidenced by his pledge to create 50 million jobs, underscores the significance of initiatives like the one unveiled by the CAC. With a concerted effort towards fostering entrepreneurship and facilitating business growth, Nigeria stands poised to realize its potential as a vibrant and dynamic economy, offering opportunities for prosperity and advancement to its citizens.
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