Kogi Senator Funds N27.5m Business Registration For 250 SMEs

Kogi Senator Funds N27.5m Business Registration For 250 SMEs

Senator Natasha Akpoti-Uduaghan, Chairperson of the Senate Committee on Local Content, has launched a free business registration initiative for 2,500 Small and Medium Enterprises (SMEs) in Kogi Central Senatorial District through the Corporate Affairs Commission (CAC). The program is aimed at fostering self-reliance and entrepreneurship among tertiary students and small business owners, including market women…….CONTINUE READING 

As part of the initiative, Akpoti-Uduaghan also provided multipurpose business carts to students from Kogi Central to help them launch and grow profitable businesses. According to her media aide, Israel Arogbonlo, students were assisted with business registration on the spot, with certificates issued immediately.

Akpoti-Uduaghan covered the full cost of registration, amounting to N27.5 million, ensuring 2,500 businesses benefited from the free registration, which typically costs N11,000 per business. During the event, she reiterated her commitment to promoting sustainable development through entrepreneurship and skills training.

She stressed the importance of formal business registration, noting it is essential for accessing government grants, loans, and other opportunities. “The multipurpose business carts provided to the National Association of Ebira Students are part of my efforts to support underprivileged students,” she said.

The CAC representative, Mr. Bello Muftahu, praised the initiative, emphasizing that registered businesses would gain legal recognition and be eligible for financial support from both government and private sources.

Beneficiaries of the program included students from institutions such as Kogi State Polytechnic, Kogi State University, Ahmadu Bello University, Confluence University of Science and Technology, Federal College of Education, Bayero University, Federal Polytechnic Nasarawa, and Kaduna State Polytechnic. The business kits, which included solar-powered barber tools and clean cooking kiosks, were designed to encourage entrepreneurship in various sectors.

The event was attended by several political and community leaders.