Nigerian Startup Bill

There is no doubt that Nigeria's Start up eco system has grown tremendously over the years and is fast becoming a force to reckon with both within and outside Africa. Thus, it became necessary for the Federal Government to harness this growth.

The Nigeria Startup Bill 2021 was thus transmitted to the Nigerian National Assembly in October 2021. The Bill is described as an initiative by the Nigerian Tech start up system and the Federal Government to harness the potential of our digital economy through co-created regulations.¹ This Bill was passed by the Nigerian Senate on Wednesday, July 20, 2022 and currently awaiting the President's assent.

The essence of this Bill, is to ensure that Nigeria's laws and regulations on the tech eco system are clear, planned and work for the tech eco system. With the ultimate goal being to create an enabling environment for the establishment, development and operation of the Startup eco system.