We are poised for economic growth, global competitiveness- CAC boss


By Aluta News

Aug 18, 2022

Alhaji Garba Abubakar, the Registrar-General of Corporate Affairs Commission (CAC) has reiterated the commitment of the commission to compete with its global peers for economic growth.
 This is  contained in a statement signed by Mr Rasheed Mahe, CAC’s Head of Media Unit on Thursday in Abuja.
The statement quoted Abubakar as saying this when he received Mr Mounir Haliru Gwarzo, the Group Chief Executive Officer, Media Trust Ltd., who paid him a courtesy visit in his office.
Abubakar said that the reform initiatives implemented by the commission was to enhance the ease of doing business.
He said that the registration of companies was made open to the public through the provision of an end-to-end electronic solution in line with global best practices.
Responding to the controversy that had earlier surrounded the implementation of the CAMA, 2020,  Abubakar said that the misrepresentation was due to the activities of people without knowledge of the new law.
He explained that the law was tailored in line with global best practices, adding that the 2021 Regulations made pursuant to the CAMA,2020 had adequately addressed the concerns of all   denominations.
Abubakar used the forum to laud Media Trust for acknowledging the recent successes recorded by the commision and also congratulated  Gwarzo on his appointment.
He described the appointment as well deserved considering his vast experience in both public and private sectors of the economy.
The News Agency of Nigeria ( NAN). reports that Gwarzo was a former Director-General, Securities and Exchange Commision.
Earlier,  Mounir Gwarzo said that CAC was the only government agency operating a fully digitised self-service portal and urged it to sustain the tempo.
 He expressed optimism that CAC would soon  become a world-class companies registry.
Gwarzo, who led the management team on the visit, said the purpose was to explore means of collaboration that would be beneficial to both parties.