The Minister of Communications and Digital Economy, Isa Pantami, has announced that President Muhammadu Buhari has signed the Nigeria Startup Bill into law.
He disclosed that the startup bill passed on July 20, 2022, was initiated by the executive arm and seeks to create an enabling environment for tech-based startups in Nigeria.
Pantami revealed that the law which holds huge benefits for the Nigerian economy, adopted an approach to allow startups to identify business challenges and voice them out.
Based on the provisions of the law, the Federal Government plans to set up a 10 billion naira fund for startups in the country.