Ministry of Trade To Review Registration Fees For New Companies

The federal government has announced plans to review registration fees for new companies in the country.

The minister of trade and investment, Mr Olusegun Aganga who announced the plan in Abuja flanked by officials from the ministry of information and ministry of trade at the ministerial platform which started over one month ago, said the review is expected to boost  investment drive at the local, regional and international levels.

Mr Aganga also announced plans by the Corporate Affairs Commission (CAC) to commence online registration of companies before the end of next week.

Mr Aganga said the nation’s foreign direct investment which currently stands at seven billion dollars was sustained through the efforts of its agencies.

He hinted that Nigeria is currently ranked fourth in the list of countries that has made remarkable success on foreign direct investment return and besides increase in foreign investment, Nigeria’s non-oil export has hit 3o5 billion naira as at the first quarter of 2013 while import bills on cement, vegetables and textile have reduced by 51 per cent, 52 per cent and 56 per cent respectively.

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