NNPC Foundation Announces 50% Reduction in Business Registration Fees for Corps Members
Recognizing the important role of youth in Nigeria's socio-economic landscape, the NNPC Foundation has facilitated a 50% reduction in the registration fees with the Corporate Affairs Commission (CAC) for corps members looking to formalize their businesses.
Zita Ezechi 
The NNPC Foundation, a key Corporate Social Responsibility arm of NNPC Limited, has announced a significant reduction in business registration fees for members of the National Youth Service Corps (NYSC). This initiative is aimed at bolstering economic empowerment, promoting entrepreneurship, and fostering sustainable development nationwide.
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Recognizing the important role of youth in Nigeria's socio-economic landscape, the NNPC Foundation has facilitated a 50% reduction in the registration fees with the Corporate Affairs Commission (CAC) for corps members looking to formalize their businesses. This strategic move seeks to lower entry barriers and encourage more young entrepreneurs to embark on their entrepreneurial journeys.
The NNPC Foundation's management emphasizes its commitment to supporting emerging entrepreneurs and driving socio-economic growth across the country. Beyond the fee reduction, the Foundation prioritizes targeted interventions in education, healthcare, environmental sustainability, and access to energy. These efforts align with its overarching goal of enhancing Nigeria's development trajectory and empowering its youth demographic.
Olufemi Soneye, Chief Corporate Communications Officer at NNPC Ltd., emphasized the Foundation's dedication to youth empowerment and sustainable development.
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"We believe that nurturing young entrepreneurs is fundamental to fostering sustainable economic growth," Soneye remarked. "Reducing business registration costs represents a critical step towards creating an enabling environment for economic prosperity."
