The Federal Government has inaugurated a new Governing Board for the Corporate Affairs Commission (CAC), marking a significant step toward strengthening Nigeria’s business environment and enhancing investor confidence.
The inauguration ceremony, held on April 22, 2026, in Abuja, underscored the administration’s commitment to reforming key institutions and improving the ease of doing business in the country.
Speaking at the event, the Honourable Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, described the CAC as a cornerstone of Nigeria’s economic framework. She highlighted its critical role in business registration, regulation, and ensuring corporate transparency, adding that the newly constituted Board is expected to drive efficiency and global competitiveness.
According to the Minister, the Board’s composition reflects a deliberate effort to reposition the Commission for improved service delivery and accelerated digital transformation, particularly in support of Micro, Small and Medium Enterprises (MSMEs).
“The CAC is the backbone of Nigeria’s economy. With this new Board in place, Nigerians can expect a more efficient, transparent and accessible system,” she said.
Also speaking, the Permanent Secretary of the Ministry, Mr. Chris Osa Isokpunwu, emphasized the importance of synergy between the Board and the Commission’s management. He called for the adoption of modern processes and strict adherence to corporate governance standards to align with the nation’s industrial and trade priorities.
In his response, the Chairman of the newly inaugurated Board, Senator Ibrahim M. Ida, expressed appreciation to President Bola Ahmed Tinubu for the confidence reposed in the Board members. He assured that the Board would pursue a results-oriented agenda aimed at improving operational efficiency and building trust in the Commission’s services.
“We will work to make it faster, cheaper, and easier to do business in Nigeria,” he stated.
The inauguration of the new CAC Board is seen as part of broader efforts by the Federal Government to deepen institutional reforms, streamline regulatory processes, and position Nigeria as a competitive destination for local and foreign investment.
