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UNIDO set to fully fund Business Registration for Nigerian MSMEs

Victor Odeyemi by Victor Odeyemi
September 1, 2022
in Business, News
0
UNIDO set to fully fund Business Registration for Nigerian MSMEs
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Mr Jarl Hansstein, Chief Techinal Advisor, United Nations Industrial Development Organisation (UNIDO), said it has partnered with the Corporate Affairs Commission (CAC), to register informal businesses.

Hansstein revealed this on Wednesday in Abuja.

He said that registration for Small Medium Enterprises (SMEs) was part of UNIDO’s intervention programmes aimed at bolstering their capacity.

Hannstein added that the registration of informal businesses with CAC was fully funded by UNIDO.

According to him, enterprises will find it difficult to get access to funds, markets and other forms of support without formal business registration.

“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.

(NAN)

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