Register your Business Name free with CAC – FG Scheme

How to Register your Business Name free with CAC at the comfort of your Home through FG Scheme

It is no longer news that the federal government of Nigeria has put aside the sum of 75 billion naira under a scheme called Survival Fund to cushion the effects of Covid-19 on both individuals and businesses. The fund is meant to serve as means of survival to MSMEs.

The scheme is designed to have five cardinal objectives :

1. Payroll Support

Support 500,000 MSMEs in meeting payroll obligations between N30, 000 to N50, 000 per employee over 3 months period.

2. Formalisation Support

Provide free CAC business name registration for 250,000 new businesses

3. General Grant

Support the survival of 100,000 Businesses affected by Covid-19 pandemic with N50, 000 each.

4. Artisan / Transport support

Provide 33,000 artisans and transport business operators with a N30, 000 operation cost to reduce the effect of income lost.

5. Guaranteed offtake Scheme

Bulk purchase of products from 100,000 MSMEs to protect jobs and livelihoods.

Fortunately most of the the schemes have kicked off but not with each one with its own peculiar hiccups from the public. If you’re a young and aspiring entrepreneur in Nigeria wanting to take the advantage of the number two scheme which is formalisation support for new business. It doesn’t necessarily need to be a new business you thinking of starting, it may be a start up you’ve laid your hands on and never have the financial capability of registering with the CAC. As we all know businesses operating in Nigeria are bound to be registered be recognized as one. Though the benefits of getting your business registered cannot be overemphasized, some of which are access to loans in Banks, Business / current account registration with commercial banks, improves your reputation as a legal entity, bidding for contracts etc..

For those that have already tried taking the advantage as per through the means of aggregators whose most people will agree with me has no physical office and number given on CAC Portal is either not reachable, not available or ringing with answer. I personally went to CAC office in Ado Ekiti, Ekiti State only to be told they have no information do concerning the aggregator.

Due to this and other numerous complaints from Nigerians, CAC has giving a new guideline their official twitter handle and I think it is an easier better way to apply for the formalisation support.

* Please click on the link below to download the Form for the Free Federal Government Business Name Registration. https://t.co/Ajag0tM6Im?amp=1

* After downloading the form

* Fill the form as appropriate

* Scan the filled form and

* Send it to the email on the list below according to your state.

If you have any question, please feel free to ask in the comments section and share for others to benefit