FG to create 50m jobs, as CAC unveils registration of 2m businesses

 The Corporate Affairs Commission announced Monday that two million businesses had registered, coinciding with the Federal Government's announcement that it aims to create fifty million employment for young Nigerians.

At a groundbreaking ceremony in Abuja, this was disclosed by Hussaini Ishaq Magaji, SAN, the CEO of the CAC and Registrar-General.

Moniepont is facilitating the event at the Bank of Industry (BOI), which is being led by Dr. Doris Nkiruka Uzoka-Anite, Minister of Industry, Trade, and Investment.

According to Hussaini Magaji, the CAC's role in implementing the current administration's agenda for economic resuscitation includes registering the new company.

Thus, the head of CAC expressed happiness about the partnership with moniepoint to advance the MSMEs sector, which will carry out the project at suggested discount rates to guarantee Nigeria's economic growth.

 Executive Babatunde Olofin of Moniepoint made a statement indicating that the company is willing to carry out the project in accordance with the current administration's plan for economic revival.

Using information technology to stimulate the economy, Minister of Industry, Trade, and Investment Dr. Doris Nkiruka Uzoka-Anite called the event a historic success in her remarks.

inclusion, poverty reduction, and economic empowerment, includes the creation of jobs as a means of revolutionizing the economy.

The Minister declared that the government is prepared to provide the necessary funding for the project—the first of its kind in the nation's history—in order to generate employment and foster an atmosphere that will allow businesses to prosper.

The handling of the Moniepoint box with the proposed two million new firms that were going to be formed was the highlight of the ceremony.

In November 2023, President Bola Ahmed Tinubu reaffirmed his pledge to revive the economy, aiming to create 50 million jobs as part of his campaign commitments, as reported by CAC News.