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President Bola Tinubu has formally approved the escaped formalization and firm registration of 250,000 Micro, Small, and Medium Enterprises, MSMEs, crossed the country.
This was announced on Saturday at the State House successful Abuja during the 8th National MSME Awards 2026.
According to the presidency, the determination is aimed astatine removing fiscal trouble for nano, micro, and tiny standard entrepreneurs, efficaciously integrating them into Nigeria’s ceremonial banking and regulatory ecosystem.
The presidency added that the beneficiaries volition person afloat concern sanction registrations without paying the modular statutory fees to the Corporate Affairs Commission, CAC.
It further revealed that isolated from the waiver of registration costs, the national involution bundle comprises ‘moral enactment for concern owners’ alongside specialized ‘technical grooming for beneficiaries’ to guarantee semipermanent firm su...
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