Since his appointment as Registrar-General of the Corporate Affairs Commission (CAC) on October 16, 2023, Hussaini Ishaq Magaji, SAN, has implemented groundbreaking reforms aimed at transforming Nigeria’s corporate landscape. His tenure has been marked by strategic innovation, digital transformation, and enhanced service delivery, positioning the CAC as a critical driver of economic growth and formalization in Nigeria.
One of Magaji’s standout achievements is the deployment of an AI-powered business registration interface designed to streamline operations and reduce registration time to an unprecedented five minutes. The enhanced online portal now allows businesses to register and operate remotely from any part of the world, reflecting a commitment to global best practices.
In a bid to integrate informal businesses into the formal economy, the CAC, under Magaji’s leadership, formalized over four million informal enterprises in 2024. This milestone not only expanded the nation’s tax base but also provided small businesses with access to funding and legal recognition, enabling them to thrive in a structured economy.
Magaji has fostered collaborations with state governments, private organizations, and international tech firms like Oracle Corporation to enhance service delivery and operational efficiency. These partnerships have been pivotal in promoting business formalization, job creation, and economic empowerment across Nigeria.
Recognizing the importance of regulatory compliance, Magaji has initiated a comprehensive restructuring of the CAC’s operations. This includes strengthening enforcement mechanisms to ensure businesses adhere to corporate laws and maintain operational integrity.
Magaji has prioritized staff welfare and development, addressing workforce backlogs and organizing new training programs to enhance productivity. These measures have bolstered the Commission’s capacity to meet the growing demands of Nigeria’s dynamic corporate sector.
The CAC’s innovative strides have earned it national and international accolades under Magaji’s leadership. These include the Gold Level Award from the Bureau of Public Service Reforms and the Distinguished Govtech Trailblazer’s Award for digital service excellence.
Hussaini Ishaq Magaji’s tenure has set a new benchmark for corporate administration in Nigeria, fostering a transparent, efficient, and globally competitive environment for businesses to thrive.
* Lukman Laleye Babalola,is Publisher/Editor-In-Chief, Emporium Reporters and Emporium Magazine.He can be reached via ;08037469328, [email protected],
