The Corporate Affairs Commission (CAC) of Nigeria has announced a remarkable increase in business registrations, now reaching about 10,000 requests per day, following the implementation of artificial intelligence across its service delivery channels. This significant development was disclosed by the Registrar-General, Hussaini Magaji, during a lecture commemorating the CAC's 35th anniversary in Abuja. The integration of AI has drastically improved the CAC's capability to manage both the rising volume of registrations and customer inquiries nationwide.

Registrar-General Magaji pointed out that the surge in business registration is attributed to various factors, including recent tax reforms, efforts aimed at encouraging the formalization of informal businesses, and the expansion of digital and social media-based enterprises. The commission's ability to cater to the increasing demand is also reflected in its management of approximately 5,000 customer inquiries daily through emails and call centers. This highlights the profound impact that technology, particularly AI, is having on public service delivery and business operations in Nigeria.

The implications of this advancement are significant for the Nigerian economy, as it not only facilitates easier business formalization but also positions the CAC as a progressive institution that is embracing technology to serve its citizens better. The increase in registered businesses is likely to enhance tax revenue and foster economic growth, while the efficient handling of inquiries demonstrates a commitment to customer service and transparency within governmental operations.