The Company Affairs Fee (CAC) says it now processes as much as 10,000 enterprise registration requests every day following the deployment of synthetic intelligence (AI) throughout its service supply platforms, marking a significant leap in Nigeria’s enterprise formalisation drive.
The Registrar-Basic of the CAC, Mr. Hussaini Magaji, disclosed this on Monday in Abuja throughout the Anniversary Lecture held to commemorate the fee’s thirty fifth anniversary, Information Company of Nigeria reported.
Based on him, the mixing of AI into CAC’s operations has considerably improved its capability to handle the rising quantity of registrations and customer engagements nationwide.
What CAC mentioned
Magaji attributed the surge in registration requests to latest tax reforms, authorities insurance policies encouraging the formalisation of casual companies, and the fast development of digital and social media-driven enterprises.
- “Right now, the Company Affairs Fee receives near 10,000 enterprise registration requests every day, in comparison with just some hundred previously,” he mentioned. “As well as, our programs now deal with a median of 5,000 customer inquiries every single day via emails and name centres.”
He defined that managing such volumes via handbook processes would have been impractical, stressing that AI has change into central to enhancing pace, accuracy, and operational effectivity.
Based on him, the fee has advanced from working a single handbook workplace in Abuja in 1991 to turning into a completely digital, end-to-end company registry offering companies globally on a 24-hour foundation.
Magaji acknowledged that the transition to an AI-driven registration portal in 2025 got here with preliminary challenges however mentioned the reforms have been already delivering optimistic outcomes. He thanked stakeholders and customers for his or her persistence throughout the transition interval and reaffirmed CAC’s dedication to offering world-class companies.
Chairman of the Home of Representatives Committee on Commerce, Mr. Ahmed Munir, pledged legislative help to deepen digital infrastructure, transparency, and innovation on the fee.
Based on him, CAC’s digital transformation has simplified enterprise registration and empowered thousands and thousands of entrepreneurs to maneuver from the casual to the formal economic system.
Equally, the Director-Basic of the Nationwide Data Expertise Growth Company (NITDA), Mr. Kashifu Abdullahi, pledged technical help for CAC’s AI-driven reforms. “We’re within the period of synthetic intelligence, and the one technique to rework establishments right now is to embrace and combine AI into operations,” he mentioned.
Backstory
BusinessTimes beforehand reported that the CAC deregistered over 400,000 firms in 2025 due to extended inactivity and non-compliance with statutory necessities.
- Magaji defined that the transfer aimed to strengthen the integrity and credibility of Nigeria’s company registry.
- Along with deregistration, CAC facilitated free enterprise registration for 250,000 entrepreneurs in partnership with the Small and Medium Enterprises Growth Company of Nigeria (SMEDAN).
The initiative was designed to help Micro, Small, and Medium Enterprises (MSMEs) and ease entry into the formal economic system.
What you need to know
The registrar-general additionally introduced a strategic collaboration between the CAC and Google aimed toward strengthening the fee’s know-how infrastructure.
- He mentioned the partnership would improve portal efficiency, system reliability, and repair turnaround time, thereby enhancing Nigeria’s ease of doing enterprise.
- As a part of the reforms, Magaji disclosed that the CAC had launched new AI-powered instruments on its redesigned web site, together with an AI authorized assistant to reply to regulatory inquiries and a enterprise identify generator to simplify the identify reservation course of.
He mentioned the initiatives align with the fee’s broader objectives of transparency, effectivity, and nationwide financial growth.
