The Corporate Affairs Commission (CAC) says it delisted more than 400,000 companies in 2025 for failing to file annual returns and remaining inactive, describing the development as a necessary step to protect the economy.
Registrar General of the commission, Hussaini Ishaq Magaji, SAN, disclosed this in Abuja during a commemorative walk marking the CAC’s 35th anniversary.
Magaji said the exercise was a major milestone for the commission, which was established in 1991, noting that the anniversary offered an opportunity to reflect on its progress and challenges over the years.
He said the delisting of inactive entities was part of ongoing reforms aimed at strengthening the corporate registry and improving the business environment.
According to him, the commission has evolved from manual processes to fully digital operations, enabling it to provide services around the clock.
“The idea is to position CAC as a world-class organisation. Expectations are high, and the commission has come a long way and is striving to go higher,” he said.
He noted that the anniversary walk symbolised the agency’s growth and the commitment of its staff, adding that teamwork and resilience had driven the commission’s achievements over the years.
Magaji said the CAC had made significant strides in promoting ease of doing business, especially through the digitisation of its services, which allows business registration to be completed from any location.
He added that the commission is now fully digitalised, providing end-to-end services on a 24-hour basis.
In collaboration with other agencies, the Registrar General said the CAC’s partnership with the Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) had produced positive results.
He said the joint initiative had enabled the registration of 250 micro, small, and medium enterprises at no cost, as part of efforts to support business growth.
Magaji also said the commission remained committed to staff welfare, noting that several measures had been introduced to improve working conditions and support employees.