On 19 October 2022, the Nigeria Startup Act was signed into law and took effect immediately. The Startup Act complements and provides a legal framework for the National Digital Economy Policy and Strategy (NDEPS) launched in 2019. The NDEPS is anchored on eight (8) pillars, i.e.
- Developmental Regulation,
- Digital Literacy and Skills,
- Solid Infrastructure,
- Service Infrastructure,
- Digital Services Development and Promotion,
- Soft Infrastructure,
- Digital Society and Emerging Technology and
- Indigenous Content Development and Adoption.
We have analysed the key provisions of the Act including the governance and regulatory framework for startups in Nigeria; incentives available to startups and investors including relevant eligibility criteria; and so on. We have also provided insights and areas which need to be addressed in order to achieve the objectives of the Act.
Please see read our Article and the Act below:
Download PwC Publication - Nigeria Startup Act - Positioning the country for the 4th revolution