The Registrar-General of the Corporate Affairs Commission, Hussaini Ishaq Magaji, has reaffirmed the Commission’s commitment to improving transparency through the digitisation of legacy corporate records.
He said the initiative is key to modernising Nigeria’s corporate registry and enhancing trust in the business environment.
Magaji explained that the CAC is actively digitising old corporate records to improve efficiency and accessibility.
He said the move will reduce information gaps and ensure that stakeholders can easily access accurate and up-to-date company data.
In addition, the digitisation process will streamline operations within the Commission and support faster service delivery.
The Registrar-General made these remarks during a strategic meeting with officials from the Foreign, Commonwealth and Development Office and Open Ownership.
During the engagement, participants reviewed ongoing reforms aimed at strengthening data integrity and improving corporate registry systems in Nigeria.
Furthermore, the discussions focused on aligning CAC’s processes with global best practices in corporate transparency.
Magaji emphasised that reliable data systems are critical for effective regulation and economic planning.
He noted that improved digital records will enhance accountability and support better compliance among registered companies.
As a result, regulators and investors will have greater confidence in the accuracy of corporate information.
He also called for continued technical and institutional support from development partners.
According to him, such collaboration is essential to accelerate the digitisation process and ensure its long-term sustainability.
Moreover, sustained support will help the CAC fully transition into a modern, technology-driven registry.
The CAC believes that stronger data systems will positively influence Nigeria’s investment climate.
With improved transparency, businesses can operate with greater certainty, while investors can make more informed decisions.
In turn, this could boost economic growth and strengthen Nigeria’s position as an attractive investment destination.
Overall, the CAC’s digital transformation marks a significant step toward building a more transparent and efficient corporate system.
As reforms continue, stakeholders expect improved service delivery, stronger compliance, and increased trust in Nigeria’s corporate registry.
