The Alhaji Garba Abubakar-led Corporate Affairs Commission (CAC) is one of the agencies identified as building blocks that would take the Nigerian public service to rank among the first 20 in the world by 2025.

The Director-General of Bureau of Public Service Reforms (BPSR), Dasuki Arabi, revealed this at a lunch time seminar series organised by the Bureau in Abuja.

According to Rasheed Mahe, the Head, Media of CAC, the event held at the Conference Hall, Engineering Building, Federal Capital Development Authority (FCDA), the event was themed “Current Reforms, Innovation, and Challenges of the Corporate Affairs Commission on the Growth of the Nigerian Economy”.

Arabi described public service reform as a systematic intervention aimed at improving the structure, operations and procedures of the public service to enable its transformation, amongst others.

He, therefore, noted with delight, that President Muhammadu Buhari’s assent to CAMA 2020 on August 7th, 2020 marked a significant development in Nigeria’s business legislation regime.

He further noted with satisfaction, that in accordance with its earlier pledge, the CAC had, by December 2021, effectively ended manual filing of documents and filing of the annual returns.

He therefore stressed the need for greater cooperation and collaboration between government agencies to further engender far-reaching reforms for the benefit of the economy.

In his remark, the CAC Registrar General, Abubakar, recalled the evolution of the Commission from the 1961 Business Names Registration Act to the 1968 Companies Act to the 1990 Companies and Allied Matters Act and to the re-enacted 2020 CAMA.

Abubakar said the Commission, which started the digitization journey with electronic workflows in 2014, achieved full migration to a digital registry on January 3, 2021, after the assent to CAMA, 2020.

He described the digital platform as easier, cheaper, and storage-friendly, thereby ensuring

Ease of doing business.

The CAC Registrar-General maintained that the Commission would continue to leverage technology to continually improve its services.

Speaking on the Commission’s challenges, the CAC Scribe stressed that paucity of funds was a major threat to the survival of its digitization.

During the event, sister agencies such as NIMASA, NEPC, and CCB, among others, applauded the reform initiatives of the Commission and therefore called for more collaboration to enable them to enhance their respective operations.

The event was hybrid, and the Registrar-General entertained both physical and online questions.

The appearance by the Commission brought to a close, the 2022 lunch time series organized by the BPSR.