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CAC go remove 40,000 companies without activity

The Corporate Affairs Commission (CAC) don talk say dem don remove 40,000 registered companies wen neva record any activity.

Na Azuka Azinge, wen be CAC acting registrar-general, nia yarn dis one for Abuja wen he dey raport wit news people concerning the activities of the commission between October 2017 and October 2019.

Azinge come talk say na 244,428 business names nia dem don register since October 2017 and say the commission don implement the business incentive strategy (BIS) wen dem use take dey reduce the cost of registration of business by 50% in order to reduce the burden for micro, small and medium enterprises.

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