ADVERTISEMENT
TechEconomy
Saturday, May 31, 2025
No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Podcast

Home » Buhari Signs Nigeria Startups Bill into law . FG Announces N10b Young Innovators Fund

Buhari Signs Nigeria Startups Bill into law . FG Announces N10b Young Innovators Fund

Yinka Okeowo by Yinka Okeowo
October 19, 2022
in StartUPs
3
President Muhammadu Buhari signs Nigeria Startup Bill
President Muhammadu Buhari

President Muhammadu Buhari

RelatedPosts

Grammarly Secures $1 Billion from General Catalyst

Grammarly Secures $1 Billion from General Catalyst

May 30, 2025

SMEDAN: ₦11 Billion Funding Mobilised to Drive SME Growth, Targets Industrial Revival

May 30, 2025

President Muhammadu today signed into law the Nigeria Startup Bill. This is as the government has set up N10 billion Investment Fund for young innovators and also makes provision for incentives and tax holidays to encourage local innovators.

Prof. Isa Pantami, the Minister of Communication and Digital Economy, disclosed this while briefing State House correspondents at the Presidential Villa, Abuja.

He said in recognition of the efforts of the Nigeria government in the Information Communication Technology, ICT, Microsoft has decided to train about five million Nigerians on high demands skills geared towards job creation.

He said the ICT contributed 18.44 per cent to the Gross Domestic Product, GDP this year alone, while the entire contribution of Communication and Digital Economy was 40 per cent.

He explained that the new Act (Nigeria Startup Bill) was an Executive Bill initiated by President Buhari through the collaboration of the Minister of Communication and Digital Economy and the Office of the Chief of Staff to the president.

He said that before the passage of the Nigeria Startup bill, young innovators from the six geo-political zones of the country were engaged, adding that the Act provides the legal and strategic framework for the innovators to make their contributions to the country.

He said that out of the seven unicorns in Africa, five are from Nigeria, adding that a market value of each unicorn worths $1billion.

A unicorn, he explained, is a privately held startup company valued at over US$1 billion.

The Minister said there will be a Presidential Council on Digital Innovation and Entrepreneurship to be chaired by the President, while the Vice President serves as the vice chairman.

The Council, he further said would have membership from the government and private sectors as well as representatives from the academia.

The Council under the chairmanship of the President would help to curb the incessant harassment of the youths with laptops computers by the security agencies who are always tagged as ‘yahoo yahoo boys,’ Pantami said.

Loading

Advertisements
MTN ADS

Author

  • Yinka Okeowo
    Yinka Okeowo

    View all posts
0Shares
Tags: Nigeria Startup Bill
Previous Post

​Breaking: FG Directs Telecom Service Providers to Reverse 10% Voice, Data Tariff Increase

Next Post

Ibadan Startup Fest’22: The Launchpad for Africa’s Newest and Brightest Fintech Startups

Yinka Okeowo

Yinka Okeowo

Related Posts

Grammarly Secures $1 Billion from General Catalyst
StartUPs

Grammarly Secures $1 Billion from General Catalyst

by Joan Aimuengheuwa
May 30, 2025
0

This arrangement lets Grammarly scale aggressively without compromising its valuation or control

Read more
SMEDAN: ₦11 Billion Funding Mobilised to Drive SME Growth, Targets Industrial Revival

SMEDAN: ₦11 Billion Funding Mobilised to Drive SME Growth, Targets Industrial Revival

May 30, 2025
YC-Backed Unbound Raises $4M to Help Enterprises Embrace, Control AI

YC-Backed Unbound Raises $4M to Help Enterprises Embrace, Control AI

May 29, 2025
Velocity Emerges from Stealth with $10M to Simplify Global Payments Using Stablecoins

Velocity Emerges from Stealth with $10M to Simplify Global Payments Using Stablecoins

May 28, 2025
Swedfund Commits $10m to Boost African Climate Tech, Innovation

Swedfund Commits $10m to Boost African Climate Tech, Innovation

May 27, 2025
Kwik Parent Company Declared Bankrupt

Kwik Parent Company Declared Bankrupt

May 23, 2025
Next Post

Ibadan Startup Fest'22: The Launchpad for Africa's Newest and Brightest Fintech Startups

Comments 3

  1. Pingback: Buhari Signs Nigeria Startups Bill into law . FG Announces N10b Young Innovators Fund – TechEconomy Nigeria - TechEconomy.ng - Daily Trust Life
  2. Pingback: Buhari Signs Nigeria Startups Bill into law . FG Announces N10b Young Innovators Fund – TechEconomy Nigeria - TechEconomy.ng - Daily Trust Life
  3. Pingback: Abdulrahman Barkindo Alkali Emerges 3rd President of Young Innovators of Nigeria - Techeconomy

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Techeconomy Podcast

Techeconomy Podcast
Techeconomy Podcast

Infowave is brought to you by TechEconomy. Every week we will bring new stories from startups and influencers who are shaping and changing the world we live in. We’ll also bring you reports on topics you should know.

Follow us @techeconomyng for more.

TECH TALK EPISODE 2
byTecheconomy

PRODUCTIVITY AND WORK-Life Balance

TECH TALK EPISODE 2
TECH TALK EPISODE 2
May 22, 2025
Techeconomy
CYBERSECURITY ESSENTIALS
April 24, 2025
Techeconomy
Digital Marketing Trends and strategies for 2025 and beyond
February 27, 2025
Techeconomy
Major Lesson for Techies in 2024 and Projections for 2025
December 6, 2024
Techeconomy
Major Lessons for Techies in an AI-Driven World | Techeconomy Business Series Highlights
November 26, 2024
Techeconomy
Maximizing Profitability Through Seasonal Sales: Strategies For Success
November 8, 2024
Techeconomy
Techeconomy Business Series
October 15, 2024
Techeconomy
PRIVACY IN THE ERA OF AI: GETTING YOUR BUSINESS READY
May 30, 2024
Techeconomy
Unravel the Secrets of Marketing Everywhere All At Once with Isaac Akanni from Infobip | Infowave Podcast Episode 1
February 9, 2024
Techeconomy
The Role of Ed-tech in Life Long Learning and Continuous Education
October 19, 2023
Techeconomy
Search Results placeholder

WHAT IS TRENDING

https://www.youtube.com/watch?v=g_MCUwS2woc&list=PL6bbK-xx1KbIgX-IzYdqISXq1pUsuA4dz

Follow Us

  • About Us
  • Contact Us
  • Careers
  • Privacy Policy

© 2025 Techeconomy - Designed by Opimedia.

No Result
View All Result
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
      • Accessories
      • Phones
      • Laptop
      • Gadgets and Appliances
      • Apps
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
      • Broadband
    • Mobility
    • Environment
    • Travel
    • Commerce
    • StartUPs
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • Appointment
    • EventDIARY
    • Editorial
  • Apply
  • TecheconomyTV
  • Techeconomy Events
  • BusinesSENSE For SMEs
  • TBS

© 2025 Techeconomy - Designed by Opimedia.

Translate »
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.