Golden Tether cryptocurrency placed on a reflective surface, surrounded by additional coins, with a blurred digital screen in the background.
An ambassador to the Corporate Affairs Commission (CAC), Mr. MichealNwabufo, has said Nigeria has moved beyond catching up with global standards and is now competing in instant business registration.
Nwabufo, also known as Mike Premium, addressed journalists in Lagos, describing the commission’s digital transformation as a defining milestone in Nigeria’s economic history.
“CAC has achieved what many once thought impossible: it has become the first African country, and arguably one of the fastest globally, to deploy an advanced, AI-powered registration portal that enables entrepreneurs to register their businesses and receive their certificates in record time, often within 10 minutes (subject to seamless NIN verification).
“We have recorded a remarkable surge in business registrations, generating billions of naira in revenue inflows a significant contribution to the nation’s treasury, supporting economic growth and national development for the benefit of all Nigerians.
“What we are witnessing today is not an ordinary administrative improvement. It is a structural shift. A technological leap. A statement to the world that Nigeria is embracing efficiency, transparency, and digital progress.
“For decades, business registration was associated with delays, bureaucracy, and unnecessary barriers. Entrepreneurs faced friction. Innovators faced obstacles. Opportunity was slowed by process. But today, that narrative is changing,” he said.
Reaffirming his commitment to national development through institutional reform, the content and talent manager called for stronger regulation for crypto vendors to protect players in the country.
