Buhari signs Nigeria startups Bill into law

Our reporter| President Muhammadu Buhari on Wednesday signed Nigeria’s Startups Bills into law, activating the Nigeria Startups Act 2022.

Minister of Communication and Digital Economy, Professor Isa Ali Pantami, who disclosed this to reporters after the quiet signing ceremony at the Presidential Villa, Abuja, also explained that the new Act will be establishing the National Digital Innovation and Entrepreneurship Council.

According to Pantami, the new law was born out of the government’s desire to provide the required enabling environments for Nigerian young startups and innovators to address the various challenges facing, including those of intellectual property, financing, regulation, and incentive.

Pantami, who disclosed that President Buhari, through the Ministry of Communication and Digital Economy, and the Office of the Chief of Staff, broached the bill from the onset, added that the government has earmarked N10 billion start-up funding for startups and innovators to draw from.

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