Are you eligible for SMEDAN's free business name registration?

Smedan free business name registration eligibility: who the scheme covers, who news reports say it excludes, and what to do if you don't qualify.

2 min readBy the Docufy editorial team

Quick answer

The CAC-SMEDAN scheme covers business names only, for businesses not yet registered with CAC, per news coverage of the launch. Reports describe limited liability companies and incorporated trustees as excluded, with 250,000 slots available in total.

Covers
business names only, for businesses not yet registered with CAC
Reported exclusions
limited liability companies, incorporated trustees
Total slots
250,000
Nigeria's MSME count
over 39 million
On this page

Free registration schemes attract a lot of hope and a lot of confusion about who actually qualifies. Here's what's reported about this one.

The basic rule

News coverage of the scheme describes its scope as business names only, for businesses not yet registered with CAC. That single line does a lot of work: it rules out both existing CAC registrations and structures beyond a simple business name.

Nigeria has over 39 million MSMEs by some estimates, and this scheme's 250,000 slots are a small fraction of that total. Eligibility is worth confirming before you count on a slot being available.

Why an existing business name doesn't qualify twice

If you already hold a CAC business name, this scheme is not reported as offering a free reissue, upgrade or renewal for it. The scope described in news coverage targets businesses starting from zero on the CAC register.

That distinction catches out business owners who assume "free registration" applies broadly to anything CAC-related. It doesn't, on the reporting available.

The company types reports say sit outside the scheme

Coverage of the launch describes limited liability companies and incorporated trustees as excluded from this particular scheme. Both of those structures involve a more detailed CAC filing than a simple business name.

If your plan was always to incorporate a limited company rather than run a business name, this scheme was not built for that filing in the first place. Our guide to what an RC number represents explains the difference between the two structures.

Where Nigeria's MSMEs fit into this

The scale here matters for expectations. With an estimated over 39 million MSMEs in Nigeria, a scheme covering a few hundred thousand free registrations reaches a meaningful but limited slice of the market.

That is not a reason to assume you'll miss out. It is a reason to apply promptly once you confirm you qualify, rather than treating the offer as open-ended.

What to do if you don't qualify

Registering outside this scheme is still straightforward. A business name or a company registration both carry a standard CAC fee when applied for the ordinary way, and neither depends on this scheme's slots or scope.

Common mistakes

  • Assuming "free" applies to any CAC filing. Reports tie this specific scheme to business names for first-time registrants only.
  • Applying twice, hoping for a company registration instead. The scope reported does not extend to limited liability companies.
  • Waiting to apply because slots feel unlimited. They aren't; 250,000 is a fixed figure.
  • Giving up on registering at all after being excluded. Standard company registration is still available outside this scheme, just not free.

For the application steps themselves, see how the free scheme works, and the SME regulators hub for the rest of this series.

Questions people ask

I already have a CAC business name. Can I get a free upgrade to a limited company?

No. News coverage describes this scheme as covering business names for businesses not yet on the CAC register, not upgrades for those already registered.

Why are limited liability companies excluded?

The scheme is reported as targeting micro and small enterprises registering a business name for the first time, a simpler structure than a limited company.

Does being on SMEDAN's own database already help my application?

Reports suggest a business already profiled in SMEDAN's database, but without CAC registration, can qualify. Confirm your own status on the SMEDAN portal directly.

What if I don't qualify at all?

You can still register a business name or a company the standard way. It carries a fee, but nothing stops you registering outside this specific scheme.

Sources

Last checked 27 Sep 2026. Fees and rules change; the agency that issues the document has the final word. See our editorial policy.

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