UNIDO partners CAC on informal businesses registration

September 1, 2022  1 min read

The Chief Techinal Advisor, United Nations Industrial Development Organisation (UNIDO), Mr Jarl Hansstein, says it has collaborated with the Corporate Affairs Commission (CAC), to register informal businesses.

Hansstein said this in an interview with the News Agency of Nigeria ( NAN) on Wednesday  in Abuja.He said that  registration  for Small Medium Enterprises (SMEs)  was part of UNIDO’s intervention programmes aimed at strengthening their capacity.

He added that the registration of informal businesses with CAC was fully  funded  by UNIDO..According to him,  without formal business  registration,  enterprises   will find it difficult to  have access to funds, markets  and other  forms of support.

“We have helped a number of companies in informal sector to register their businesses , because it is only registered businesses that can benefit from other components of important equipment supply.

”Because we have another project for supply of equipment“So far, we have over twenty or thirty  companies in need of registration in form of partnership,” he said.Hansstein, however,  said  that  they had set up technical assistance for tools  in achieving the set goals.

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