The Federal Government has opened applications for 250,000 free business name registrations for eligible entrepreneurs across Nigeria as part of efforts to support Micro, Small and Medium Enterprises (MSMEs).
The initiative, approved under the administration of President Bola Ahmed Tinubu, is aimed at reducing the cost of formalising small businesses and encouraging more Nigerians to register their enterprises.
Eligible entrepreneurs interested in benefiting from the programme have been advised to apply through the official SMEDAN portal.
The registration is completely free, with the Corporate Affairs Commission (CAC) expected to process the business name registrations without charging applicants.
The government has also warned applicants to beware of fraudsters who may attempt to exploit the programme. Entrepreneurs have been advised not to pay anyone claiming to have the ability to fast-track or secure their registration.
Applicants are therefore encouraged to use only the official SMEDAN platform and avoid making payments or sharing personal information with unauthorised agents.
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