Tuesday, 12 February 2013

FG approves reduction in company registration fees



Good News to all the business men in Nigeria. The Federal Government of Nigeria has approved a downward review of the cost of registering a company with the Nigerian Investment Promotion Commission.

A statement issued by the NIPC to E-BIZ 24/7 stated that the approval was given by the Minister of Trade and Investment, Olusegun Aganga.

The statement, signed by the Assistant Director/ Head, Media and Publicity, NIPC, Joel Attah, said the downward review from N50,000 to N15,000, was designed to make Nigeria highly competitive in line with international best practices.

The downward review, the statement added, was at the instance of NIPC and also in line with the desire of the Federal Government to improve the country’s competitiveness rating on doing business.

The NIPC was established by Act No. 16 of 1995 to promote, encourage and coordinate investment in Nigeria.

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