Nigeria Govt Unveils New CAC Board, Targets Digital Overhaul to Boost Investor Confidence
Bt Core Reporters
The Federal Government has inaugurated the Governing Board of the Corporate Affairs Commission (CAC), reinforcing its drive to strengthen Nigeria’s business climate and attract investment.
At the ceremony held on April 22, 2026, in Abuja, the Honourable Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, described the Commission as central to Nigeria’s economic framework, noting its vital role in business registration, regulation, and corporate transparency. She said the new Board reflects a deliberate push to reposition the CAC for efficiency and global relevance, urging members to champion reforms, improve service delivery, and accelerate digital transformation, particularly to support Micro, Small and Medium Enterprises.
“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 stated.
In his remarks, the Permanent Secretary, Mr. Chris Osa Isokpunwu, called for closer collaboration between the Board and management, stressing the need for modernized processes and strict adherence to corporate governance to align with Nigeria’s industrial and trade priorities.
Responding, Board Chairman, Senator Ibrahim M. Ida, thanked President Bola Ahmed Tinubu for the appointment and pledged a results-driven approach focused on improving efficiency and trust in the Commission’s operations.
“We will work to make it faster, cheaper, and easier to do business in Nigeria,” he said.
The inauguration signals a renewed commitment by the Federal Government to reform key institutions, enhance ease of doing business, and position Nigeria as a competitive investment destination.
