Abuja, Feb. 14, 2024: The Corporate Affairs Commission (CAC) and a firm known as Kudimata have agreed to collaborate to ensure economic sustainability and national development.
The Registrar-General of CAC, Hussaini Magaji said this when the Group Managing Director (GMD) of Kudimata, Kathleen Erhimu, visited him to present 30,000 youth businesses for registration by the CAC on Tuesday.
Magaji said:“ we just received 30,000 small businesses to be registered today from kudimata and they are in the process of registration.
“So, my determination to register 20 million businesses this year is realisable.
“As you are aware, last week alone we registered more than two million, this morning we received 300,000 and now we are receiving 30,000 from Kudimata.
Earlier, the GMD, Kudimata said the firm was partnering with the National Youth Service Corps (NYSC) and Nigerian National Petroleum Corporation (NNPC) Foundation to empower NYSC members in Nigeria.
Erhimu said they were trained firstly on basic financial education after which they go to the second phase called `kick start my business’.
“In this phase, they go through the business fundamentals, all that they need to start up their entrepreneurial journey.
“Apart from that, to ensure that they are fully equipped, they have to have their entities registered and that is why we are at CAC to partner with CAC to have all their businesses registered.
“Currently, we have over 30,000 and counting and before the end of the year, we will have close to 100,000 Corps members to register their businesses.
“We have trained almost 300,000 until date and they are going through the business fundamental stage and they would all register their business,’’ she said.
“The aim is to ensure that our coppers are fully equipped and the bottom line is economic sustainability and development for the country.
“So, we thank the CAC, the Minister of Industry, Trade and Investment, the NYSC and President Bola Tinubu for giving us this opportunity.’’
On monitoring, she said after youth service, follow –up, monitoring and development would continue, as after their entities were registered, they would be equipped with startup kits sponsored by the NNPC Foundation.
“So, the idea is to have all coppers who are currently undergoing the skills acquisition process in NYSC, the SIDE programme, go through this process. It is an eight modules course, and done by both kudimatter and NNPC academy.
“After they are trained, they are certified, they are attached to mentors. After mentors, then they are given startup kits, and then they are monitored after the phase.
“So its catching the youth, and we are in the process of working with the youth ministry for other youths that are not within.”
According to her, the firm had trained more than 400 ,000 youths nationwide, and have also equipped them.
She called for stronger collaborations with institutes like CAC, NNPC, Foundations, banks, to ensure the dreams of these youths who after NYSC, were not clear on where to go is realised.
She said that the training was free, the startup kits provided were free and the registration would be at a major discount from CAC.
