The Corporate Affairs Commission (CAC) says it is set to deploy Artificial Intelligence (AI) in its operations beginning with a pilot project covering availability, registration of business names and incorporation of limited liability companies.
Hussaini Magaji, the Registrar-General of the CAC, made this announcement on Tuesday during the commission’s Stakeholders’ Customers Forum in Lagos.
The News Agency of Nigeria (NAN) reports that the forum, which is the first in the year, was organised to obtain feedback from customers regarding the CAC’s current performance.
Represented by Mr Justine Nidiya, Special Adviser to the registrar-general, Magaji said that additional operational processes would be introduced following the pilot project.
He underscored the necessity of adopting AI, citing predictions that by 2030, 80 per cent of current jobs could be automated.
“The commission is therefore embracing the future by adopting AI,” he said.
He also mentioned plans to deploy additional Value-Added Services (VAS), which were customised services designed to meet the specific needs of various stakeholder segments.
“Under the VAS, organisations with robust APIs will be licensed to extract data or information in formats beyond the standard options currently available.”
According to Magaji, every human endeavour faces challenges, and it is wise to view these challenges as disguised opportunities.
He pointed out that the liberalisation of foreign exchange and the rising prices of petroleum products had posed significant challenges for the commission and the broader economy.
“The resulting inflation has made procurement more expensive, yet the commission has managed to sustain its operations despite these difficulties.”(NAN)
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