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CAC Announces AI Integration for Rapid Business Registration in Nigeria

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CAC Announces AI Integration for Rapid Business Registration in Nigeria

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The Corporate Affairs Commission (CAC) has announced its plans to leverage artificial intelligence (AI) in order to expedite the registration process for businesses, aiming to achieve registration within minutes, in line with global best practices.

Hussaini Ishaq Magaji, the Registrar General and CEO of the commission, made this announcement during a meeting with Khalil Suleiman Halilu, the Executive Vice Chairman (EVC) and CEO of the National Agency for Science and Engineering Infrastructure (NASENI), in Abuja.

Exploring AI for Expedited Registration

Magaji emphasized that the CAC will be relying on AI and high-powered computing (HPC) products from NASENI to achieve this ambitious target.

Since assuming office in October 2023, Magaji highlighted the rapid increase in the operational capacity of the CAC registration portal, underscoring the need for the commission to explore more technology-driven solutions from strategic partners to support and sustain the system.

According to a statement from the commission, Magaji stated, “The commission’s desire to explore artificial intelligence to register companies within minutes in line with global best practices is only achievable through partnerships. He believes that NASENI, as a developer of a series of technology solutions, including solar, has a role to play in the quest to take CAC to the next level.”

NASENI’s Commitment and Response

In response, the NASENI EVC expressed the agency’s commitment to developing an energy solution that would encompass its entire building and extend to the CAC. Khalil Sulaiman voiced concerns about private technology companies exploiting government agencies through the sale of redundant or unnecessary products. He assured that NASENI’s technology service will soon offer alternative solutions at a reasonable cost, designed to withstand the test of time.

Bashir Aliyu, Special Assistant on Information and Communication Technology (ICT) to the NASENI boss, revealed that the agency is collaborating with the National Information Technology Development Agency (NITDA), the National Centre for AI Robotics, and the Federal Ministry of Communications and Digital Economy to replicate the advanced AI technology utilized in countries such as the United Arab Emirates and Saudi Arabia.

NASENI’s Technological Advancements

Last week, NASENI unveiled its locally produced laptop, Android smartphone, lithium battery, and 300-watt LED solar street lamp. During the product unveiling, Halilu spoke of the agency’s adoption of a fast-track approach and its keen interest in technology transfer and the commercialization of its research and development (R&D).

This article was updated 1 week ago


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