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CAC Partners NIBSS to Boost MSME Access with API-Driven Service Platform

Olusola Blessing by Olusola Blessing
May 20, 2025
in Business, News
0
CAC Partners NIBSS to Boost MSME Access with API-Driven Service Platform
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The Corporate Affairs Commission (CAC) has announced a strategic partnership with the Nigeria Inter-Bank Settlement System (NIBSS) to launch an Application Programming Interface (API) integration platform aimed at transforming service delivery, particularly for Micro, Small and Medium Enterprises (MSMEs). The new platform is expected to significantly improve access to business registration and verification services, reducing the bureaucratic hurdles that often hinder business operations in Nigeria.

Speaking at the launch event in Abuja, the Registrar-General of the CAC explained that the integration marks a major shift in how the Commission delivers services to its growing customer base. By leveraging NIBSS as a “super-agent,” MSMEs and other business operators can now access CAC services directly through trusted private sector intermediaries without relying solely on the Commission’s internal portal.

“What we’re offering through this initiative is speed, accessibility and a more customer-centric approach to service delivery,” the Registrar-General said. “We’re empowering our customers to get real-time services using technology and expanding our reach through super agents like NIBSS, Moniepoint, Opay, and others.”

This move aligns with the government’s broader push to improve the ease of doing business in Nigeria and to digitalize public services in a way that meets the needs of private-sector operators. The API integration will allow accredited private organizations to extract company data directly from the CAC database and tailor it to suit specific client needs — an important feature for financial institutions, fintech platforms, and compliance service providers who often need instant access to verified business records.

In addition to improving convenience, the CAC also emphasized its commitment to data protection and regulatory compliance. The Registrar-General confirmed that the API platform is fully compliant with the Nigeria Data Protection Act (NDPA) 2023. He assured stakeholders that personally identifiable information, such as home addresses, phone numbers and email contacts, would remain protected and not be included in data sets shared through the integration.

He also praised the contributions of pioneering super-agents, including NIBSS, for helping to make the platform operational, noting that their role will be instrumental in reshaping how MSMEs and other businesses interact with government services.

NIBSS’s Executive Director for Business Development described the collaboration as a landmark achievement in Nigeria’s digital transformation journey. She said the integration demonstrates what can be accomplished when public and private institutions work together to build systems that prioritize transparency, security, and innovation.

“This partnership marks the start of a new era in public service delivery,” she said. “We are committed to supporting platforms that make doing business in Nigeria more seamless, more secure and more inclusive — especially for MSMEs who are the backbone of the economy.”

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