Design the Legal and Regulatory Framework Nigeria's Social Enterprises Need

A social enterprise in Nigeria must choose between registering as an NGO (unable to distribute profits, cannot attract commercial investors) or a limited liability company (no recognition of its social mission, no tax incentives for impact activities). Neither structure fits. The result is that social enterprises end up in whichever structure is less wrong for their financing needs, creating legal and tax complications that consume management time and deter investment. Your challenge is to design a new hybrid legal structure for Nigerian social enterprises — modelled on Benefit Corporation, Community Interest Company, or comparable instruments from other jurisdictions — that recognises and enshrines social mission, allows commercial investors to participate, provides appropriate tax treatment, and can be created within the existing CAMA framework through amendment. Submit a legal design document (max 15 pages) including: the structure design, how mission lock is achieved, the governance requirements, tax treatment design, the CAMA amendment required, how existing NGOs and companies can convert, international comparator analysis, and a legislative advocacy roadmap. Judging criteria: 35% legal structure design and CAMA compatibility, 30% mission lock and governance design, 20% tax treatment design, 15% legislative advocacy roadmap.