AU COMMISSION CHAIRPERSON ARRIVES IN BAMAKO TO REVIVE DIALOGUE WITH MALI. (PHOTO).

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 AU Commission Chairperson Arrives in Bamako to Revive Dialogue With Mali Mahmoud Ali Youssouf arrived for a two-day official visit, according to an AU statement. He was welcomed by Mali’s Foreign Minister Abdoulaye Diop and is also expected to meet with President Assimi Goïta, it said, Sputnik reported. The visit comes as Mali remains suspended from AU activities since June 2021. The AU has reaffirmed its support for Mali’s sovereignty and territorial integrity while proposing increased assistance to the security sector.

CAC INITIATES MEASURES TO REQUIRE SOCIAL MEDIA CONTENT CREATORS TO REGISTER AS BUSINESSES. (PHOTO)


 CAC initiates measures to require social media content creators to register as businesses


The Corporate Affairs Commission (CAC) intends to require the registration of social media content creators, Instagram users with a large following, and TikTok users as businesses.


Hussaini Ishaq Magaji, Registrar General of the CAC, revealed the development at a meeting with Opay’s Managing Director, Dauda Gotring, and his team in Abuja.


Magaji underlined that social media and content providers, who create significant cash, should register as businesses in order to pay their due amount of federal taxes. He stated.


“This cannot go on,” emphasizing the need of these individuals following the mandate to register as businesses.


During the visit, Magaji informed that the CAC is in the process of registering 300,000 new business names from Opay. This effort seeks to broaden the tax base, encourage business registration, and contribute to job creation in Nigeria.


When asked about Opay’s role, Magaji indicated that the collaboration with Opay is aimed at regularizing the business names registered with CAC. Dauda Gotring, Opay’s Managing Director, stated that the firm is committed to working with the CAC to guarantee that all businesses, regardless of size, are registered.


Gotring praised Opay’s emphasis on encouraging all Nigerians to utilize banks, even in rural areas, and emphasized continued efforts to educate company owners, particularly in the social media and content creation sectors, on the need of registering with the CAC.


The joint initiative’s goal is to bring more enterprises into the formal sector and increase regulatory compliance.

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