FG Inaugurates New CAC Governing Board in Abuja

On Wednesday, the Federal Government of Nigeria inaugurated the Governing Board of the Corporate Affairs Commission (CAC) in Abuja, with Dr. Jumoke Oduwol, the Minister of Industry, Trade, and Investment, leading the ceremony. Oduwol highlighted the critical role of the CAC in Nigeria's economic framework, particularly in business registration and compliance, which are essential for economic stability.

She noted that the appointments to the board reflect President Bola Tinubu's commitment to national development. Oduwol expressed optimism that the new board would enhance Nigeria's business ecosystem and improve the country's global reputation.

She charged the board with prioritizing digital innovation, improving financial growth, and simplifying processes for micro, small, and medium enterprises. The minister emphasized the importance of stakeholder collaboration and revealed that the CAC is undergoing significant automation to ensure effective oversight.

Sen. Ibrahim Ida, the board's chairman, committed to addressing technological challenges and improving service delivery, while Dr. Chris Isokpunwu urged the board to modernize registration processes and support industrial trade.