The Revenue Mobilisation Allocation and Fiscal Commission, RMAFC, has warned that Nigeria risks losing investors if delays in business registration are not addressed. The warning was issued on Tuesday, 5 May 2026, during a meeting in Abuja between the commission and the Minister of Industry, Trade and Investment, Dr Jumoke Oduwole.
Chairman of RMAFC’s Investment Monitoring Committee, Enefe Ekene, said bureaucratic bottlenecks, especially in company registration, are reducing Nigeria’s competitiveness. He called for urgent reforms to align the country’s processes with global standards, noting that investors now expect registrations to be completed within days.
The Corporate Affairs Commission said it has introduced artificial intelligence systems to improve efficiency, with the capacity to process up to 10,000 registration requests daily. Registrar-General Hussaini Magaji said the move is aimed at handling increasing demand driven by tax reforms and digital businesses.
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In response, Dr Oduwole acknowledged the concerns and said the government is working to improve coordination among agencies. She reaffirmed the ministry’s commitment to strengthening Nigeria’s investment climate and removing administrative bottlenecks.
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