CAC REBOOT: FG Unveils New Board to Power Digital Reforms, Boost Investor Confidence

"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." Oduwole

The Federal Government has set the tone for a major overhaul of Nigeria’s business regulatory landscape with the inauguration of a new Governing Board for the Corporate Affairs Commission (CAC), a move aimed at strengthening investor confidence and improving the ease of doing business.

At the inauguration ceremony held on April 22, 2026, in Abuja, the Honourable Minister of Industry, Trade and Investment, Dr. Jumoke Oduwole, underscored the strategic importance of the Commission to the nation’s economic architecture. She described the CAC as a critical driver of business registration, regulation, and corporate transparency, adding that the newly constituted Board represents a clear commitment to reposition the agency for greater efficiency and global competitiveness.

She charged members to spearhead reforms that will enhance service delivery and fast-track digital transformation, particularly in support of Micro, Small and Medium Enterprises (MSMEs).

“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.

Also speaking, the Permanent Secretary, Mr. Chris Osa Isokpunwu, emphasized the need for stronger synergy between the Board and the Commission’s management. He highlighted the urgency of modernizing operational processes and maintaining strict corporate governance standards to align with Nigeria’s broader industrial and trade objectives.

In his acceptance remarks, the Chairman of the Board, Senator Ibrahim M. Ida, expressed appreciation to President Bola Ahmed Tinubu for the confidence reposed in him and other members, assuring that the Board would adopt a performance-driven approach focused on rebuilding trust and enhancing operational efficiency.

“We will work to make it faster, cheaper, and easier to do business in Nigeria,” he pledged.

The inauguration marks a renewed push by the Federal Government to reform critical institutions, streamline business processes, and position Nigeria as a more attractive and competitive destination for local and foreign investment.