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CAC poises to spur economic growth, global competitiveness

Mr Garba Abubakar, Registrar-General of Corporate Affairs Commission (CAC), has said he would ensure that the CAC competes  with its global peers for economic growth.

This is contained in a statement signed  by Mr Rasheed Mahe CAC’s Head of Media Unit on Thursday in Abuja quoting Abubakar’s pledge when he received   Mounir Haliru Gwarzo, the Group Chief Executive Officer, Media Trust Limited, who paid him a courtesy visit.

Abubakar said that the reform initiatives implemented by the  Commission was to enhance the ease of doing business.

He added that the  registration of companies was made open to the public through the provision of an end-to-end electronic solution in line with global best practices.

Responding to the controversy that had  earlier surrounded the implementation of the CAMA,2020,  Abubakar said  that the misrepresentation was  due to the activities of people  without knowledge of the new law.

He explained that the law was tailored in line with global best practices  adding that the 2021 Regulations made pursuant to the CAMA,2020 had adequately addressed the concerns of all denominations.

Abubakar used the forum to laud Media Trust for acknowledging the recent successes recorded by the Commision and also  congratulated  Gwarzo on his appointment.

He described the appointment  as well deserved considering his vast experience in both public and private sectors of the economy.

Gwarzo was a former Director General, Securities and Exchange Commission had earlier  said  that the CAC was the only Government Agency operating a fully digitised self-service portal and  urged it to sustain the tempo.

He expressed optimism that  CAC would soon  become a world class companies registry.

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