CAMA 2020, How easier has it made the running of a business

The Company and Allied Matters Act is likewise known as CAMA 2020 was signed into law by President Buhari in August 2020 as efforts were made to create a better and conducive environment for businesses to strive in Nigeria and ease its operation as well.

CAMA 2020 was engineered to bring about giant strides in the reformation and push for onerous legal, regulatory and administrative bottlenecks, set to foster years of bumper operations in the business in Nigeria.

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This was an initiative born out of difficulties and stress in transacting business with the Corporate Affairs Commission (CAC) before now, for individuals as well as, Micro, Small and Medium Enterprises (MSMEs) and other Nigerian investors.

The Director, Board Secretariat CAC Mr Justine Nidiya stated during an interactive webinar meeting organised by CAC and the European Agents for Citizen-Driven Transformation Programme (EU-ACT) that; according to CAC, CAMA 2020 was a combined effort of Corporate practitioners, private sectors and International Communities.

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He went further to state that the new Law has brought about a great show of interest as well as controversies from the general public and the civil society actors.  he however reiterated that the CAMA 2020 was meant to help all businesses and CSOs perform better and achieve their set goals easier.

In your opinion, do you think CAMA 2020 has eased business operations and registrations in Nigeria of late or not?