The Corporate Affairs Commission (CAC) says it remains committed to sustaining the CAC’s digitization efforts for better service delivery and sourcing of more revenue for the government.

A statement by Mr. Rasheed Mahe, CAC’s Head Media Unit on Saturday, said the Registrar General of the commission, Alhaji Garba Abubakar, made this known in Kaduna while declaring open the commission’s 2021 Management Retreat with the theme, `Digital Economy: The Role of Corporate Affairs Commission’.

The statement stressed that CAC was vigorously reforming its operations in accordance with global best practices. It noted that work on the deployment of Limited Partnership (LP) and Limited Liability Partnership (LLP) was nearing completion.

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On the commission’s improved revenue, the registrar general said the commission in the year 2020 paid more than N3 billion operating surplus into the federation account and also settled more than N5 billion inherited liabilities, amongst others.
He expressed regret that the commission had, prior to his assumption of office, been spending more than 101 percent of its revenue on staff cost alone.