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Home Economy/Technology

CAC poises to spur economic growth, global competitiveness

CAC

The Matters Press by The Matters Press
August 18, 2022
Reading Time: 1 min read
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CAC, Pakistani investors on economic diversification

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.

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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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