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Investment Climate

Kaduna was ranked as the easiest place to do business in Nigeria by the World Bank’s Subnational Doing Business Report (www.doingbusiness.org) and the state is working with the World Bank on tax and land reforms. Kaduna’s One Stop Investment Center facilitates investment in Kaduna by bringing all agencies relevant to starting a business to one location. Its services are available to large local companies (share capital over 10 million Naira) and all foreign investors.

The Corporate Affairs Commission (CAC) (www.cac.gov.ng) has made starting a business in Nigeria much simpler, especially in comparison to other Sub-Saharan African countries. CAC has simplified the registration process, decentralized its operations to zonal branches for improved accessibility and efficiency, and launched an online system allowing companies to search company names and file documents online. Companies can also expedite the incorporation process to just one day at an additional cost of 50,000 Naira.

Similar decentralization has occurred in Stamp Duty offices (a dozen new Stamp Duty offices have been established across Nigeria). Kaduna’s Stamp Duty Office and Tax Office are in the same building, improving coordination between offices and helping to speed up the registration process.