Nigeria has launched a Startup Support and Engagement Portal which is a key requirement for the implementation of the Nigeria Startup Act.
Details
The Nigeria Startup Act was Initiated in May 2021 by the Nigerian presidency and a coalition of Nigerian technology industry leaders to lay out rules and systems for how startups and governmental and regulatory bodies collaborate in order to advance the country’s growing tech ecosystem.
It was passed into law last year in 2022.
Digging Deeper
A key part of the ongoing implementation of the Act, a startup portal has been launched which will drive the identification and aggregation of Nigerian startups, venture capital companies, hubs, and innovation centres in order to facilitate engagement and support for ecosystem players.
What They’re Saying
“The launch of the portal will allow us to initiate the process of setting up the startup consultative forums to select representatives to the National Council for Digital Innovation and Entrepreneurship, in order to facilitate discourse and consensus among Nigerian ecosystem players,” said the National Information Technology Development Agency (NITDA).
The full bill is available to the public here, (a summary can be found here).
Data Insights: African Countries with Startup Acts
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