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US-Based Firm Commends Senate For Biggest Business Reform Bill

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HOPe Care Services is very pleased with the recent repeal and re-enactment of the Companies and Allied Matters Act (CAMA), a significant milestone in Nigerian legislative program. With this development, it is by far the most far-reaching legislation ever passed by any legislature in Nigeria.

Hereunder are some of the reform benefits:

  1. It will make Nigeria’s business environment as competitive as its counterparts around the world.
  2. With Companies and Allied Matters Act (CAMA), one person can now open and run a company – unlike in the past when two or more persons were required. This is good for start-ups and young entrepreneurs.
  3. It promotes the use of technology in the registration of businesses.
  4. CAMA removes all unnecessary regulatory provisions for small companies.
  5. It reduces the minimum share capital for companies and start-ups in Nigeria.
  6. It creates another new category of legal identity for Nigerian businesses.
  7. It ensures that Nigerians can now register their businesses from anywhere in the country through the e-registration system which derives its legal backing from the Senate’s amendment.
  8. Henceforth, no one needs the consent of the Attorney General of the Federation to register a company limited by guarantee (NGO).

It is significant for Nigerian embassies worldwide to conspicuously populate this information on its website, to attract diaspora Nigerians, their foreign counterparts, and investors.

And endeavor to reach out to minority and small businesses, including all trade and economic development corporation across the United States.

HOPe Care Services will not hesitate to personally take this information to Narbeli Galindo, Director of International Affairs – Kansas City Department of Economic Corporation as it recently did when the President of Nigeria visited White House to sign a trade agreement.

It is our believed that the department is looking forward to working with us more to expand Kansas City Businesses in Nigeria.

Over the years the company has been attending different meetings, introducing its services while seeking companies interested in Nigeria markets.

HOPe Care Services attends the following conferences:

  • World Bank IMF
  • Kauffman FastTrac
  • Turner School of Construction
  • Kansas City Department of Economic Corporation
  • African Growth and Opportunity Act (AGOA)
  • Better Business Bureau (BBB)
  • Mountain Plains Minority Supplier Development Council
  • The Black Chamber of Commerce of Greater Kansas City
  • Two Light Luxury Apartments Open House, etc.

Success from such meeting is we are currently working with Conner Hazelrigg’s Sunshine Box lights, Diplomatic Security Services and DuBois Consultants, Inc.

In Nigeria, HOPe Care Services has a network of partners on the ground, including products and services marketers, states and national chambers of commerce, including in-country trade department. HOPe Care Services has been around since 2008.

By Francis John, TipsNews, Kansas City

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