Introduction
The Corporate Affairs Commission (CAC) has introduced a new direct payment system on its Intelligent Company Registration Portal (iCRP). The update is part of its Revenue Optimisation and Assurance Project (REV-OP), aimed at improving transparency and making business registration processes faster in Nigeria.
What the New System Means
With the new direct payment option, users can now pay for CAC services directly on the iCRP platform without depending only on external payment channels. This is designed to reduce delays, improve efficiency, and make transactions smoother for businesses.
Services Covered
The new payment system applies to several key CAC services, including:
- Annual Returns filing
- Change of business name or address
- Update of company or business details
- Certified True Copies
- Status reports and compliance documents
- Letters of Good Standing
- Other post-registration filings
Why CAC Introduced REV-OP
The REV-OP project is focused on improving revenue management, reducing leakages, and increasing transparency in government transactions. It also supports Nigeria’s broader digital transformation and ease-of-doing-business reforms.
Impact on Businesses
For entrepreneurs, startups, and existing businesses, the new system is expected to:
- Reduce processing delays
- Improve payment confirmation speed
- Make registration processes more transparent
- Simplify compliance and filing procedures
Background
The CAC’s Intelligent Company Registration Portal (iCRP) was introduced to modernize company registration in Nigeria using digital tools. The new direct payment feature builds on this system to make business processes more seamless.
Official Link
You can access the portal here:
https://icrp.cac.gov.ng
Conclusion
The introduction of direct payment on the CAC iCRP portal marks another step toward simplifying business registration and improving digital governance in Nigeria. It reflects a wider push to make business operations more efficient and transparent.