Close

FG registers 2m businesses to tackle unemployment

Abuja—The Corporate Affairs Commission (CAC) in Abuja unveiled the registration of two million businesses as part of efforts to curb rising unemployment and achieve the 50 million job creation target for Nigerian youths.

The Registrar-General and CEO of the CAC, Hussaini Ishaq Magaji SAN, at a ground-breaking ceremony in Abuja, said the registration was part of efforts to simplify the burden for young Nigerians who want to contribute meaningfully to the Nigerian economy.

“The registration of the new business was part of the CAC’s contribution to the realisation of the present administration’s economic revival plan in collaboration with moniepoint to develop the MSMEs sector, in line with the current administration target of 50 million jobs,” he said.

He said the president has youth employment as priority and the first step is to ensure that those willing to engage in different ventures donot encounter hurdles because when they start their enterprises, they will also be employers of labour.

Leave a Reply

Your email address will not be published. Required fields are marked *

Leave a comment SUPPORT MANGROVEPEN' JOURNALISM OF INTEGRITY & CREDIBILITY.

It takes lots of money to inform, educate and entertain audiences, keep a watchful eye on the government as well as promote values that will benefit society through virile journalism.

We therefore request your modest donation to ensure that our news and other content remain freely available and accessible to all netizens.