NIGERIA STARTUP ACT, 2022

AN ACT TO ESTABLISH THE NATIONAL COUNCIL FOR DIGITAL
INNOVATION AND ENTREPRENEURSHIP, PROVIDE FOR THE
CREATION AND DEVELOPMENT OF AN ENABLING ENVIRONMENT FOR
TECHNOLOGY-ENABLED STARTUPS IN NIGERIA; AND FOR RELATED
MATTERS

The Nigeria Startup Act, commenced 19th October, 2022 as enacted by the
National Assembly of the Federal Republic of Nigeria.

Section 1 refers to the objectives of this Act which is to provide a legal and
institutional framework for the development of startups in Nigeria, provide an
enabling environment for the establishment, development and operation of
startups in Nigeria; ensure the development and growth of technology–related
talents; and position Nigeria’s startup ecosystem, as the leading digital
technology centre in Africa, having excellent innovators with cutting edge skills
and exportable capacity.


Section 2: This Act applies to companies incorporated under the CAMA Act, and
granted the startup label in accordance with the provisions of the Act. It also
applies to organisations and establishments whose activities affect the creation,
support and incubation of llabelled startups in Nigeria.

No comment

Leave a Reply

Your email address will not be published. Required fields are marked *