Nigeria’s Minister of Communications, Innovation and Digital Economy, Bosun Tijani, has announced the launch of the Startup Support and Engagement Portal, to kickstart the implementation of the Nigeria Startup Act.
With the announcement by the minister, the official registration of startups across Nigeria has begun in anticipation of identifying what startups and what specific area of interventions will be required by each startups.
The Nigeria Startup Act was signed into law by President Muhammadu Buhari on the 19th of October, 2022. Over 30 leaders in Nigeria’s tech ecosystem contributed to its drafting between June and September 2021.The Act is aimed at ensuring that Nigeria’s laws and regulations are clear, planned and work for the tech ecosystem.
Adding: “The startup portal 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.
“The launch of the portal will allow us 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.
“We invite all Nigerian startups venture capital companies, hubs and innovation centres to register at the portal and look forward to working with all industry stakeholders to ensure that we fully implement the Startup Act for the benefit of our innovation ecosystem.” startup.gov.ng