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Home Business StartUPs

Breaking: Nigeria Startup Bill Now an Act as Buhari Assents to Bill

by Joan Aimuengheuwa
August 3, 2023
in StartUPs
2
Nigeria Startup Bill to Nigeria Startup Act | Consultative Forum
Nigeria Startup Act

Nigeria Startup Act

UBA
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Today, the much talked-about Nigeria Startup Bill became a law.

The President, Muhammadu Buhari signed into Law the Nigeria Startup Bill (NSB), developed by the administration to provide stable legal framework and incentives for technology innovation.

In addition to the Nigeria Startup Bill (NSB), now an Act, the Administration has established/launched the following:

  • A National Digital Economy Policy & Strategy
  • A National Center for Artificial Intelligence and Robotics
  • A National Data Protection Bureau

“We have also launched a National 5G Policy (with commencement of rollout); capped Highway Right of Way (RoW) fees for laying of fibre-optic cables at N145 per linear meter, to attract private investment; and extended ‘Pioneer Status’ to e-Commerce and software companies.

“We will continue to develop policies and legislation that support the innovation and entrepreneurship of our young people”, the President said.

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Author

  • Joan Aimuengheuwa
    Joan Aimuengheuwa

    Joan thrives at helping individuals and businesses scale via storytelling...

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Tags: Nigeria Start-Up ActNigeria Startup Bill
Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

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Comments 2

  1. Pingback: Nigeria Startup Act: Eko Innovation Centre Domesticates Policies through KITE Project - TechEconomy Nigeria
  2. Pingback:  NITDA, SMEDAN Ink MoU for Economic Diversification - Tech | Business | Economy

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