Nigerian Startup Bill Gets Government Approval, Heads To ... The Nigeria Startup Bill – Medium Nigerian Startup Bill The Nigeria Startup Bill project is a joint initiative by Nigeria’s tech startup ecosystem and the Presidency to harness the potential of our digital economy through co-created regulations. He said … Nigeria has moved a step closer to rolling out its landmark Nigeria Startup Bill (NSB) that will further deepen the country’s technology ecosystem and enable a sector on the cusp of exponential growth. The minister made this statement while addressing attendants at the Art of Technology (AoT3.0) conference, themed ‘Funding and a connected Lagos’ hosted in Lagos Nigeria. “The NSB is one among a series of key activities the Presidency is using to drive the building of a more sustainable ecosystem for young people in Nigeria to thrive and scale,” said Oswald Osaretin Guobadia, senior special assistant to the … 505. This, we believe, will contribute to the creation… The Nigeria Startup Bill, which has been in the works since earlier this year, would create a government fund to support startups and tax holidays of … The bill proposes the government creates the Startup Investment Seed Fund, and make President Muhammadu Buhari its council head. ... Nigerian fintech API startup, OnePipe raises $3.5 million in seed round ... How to reduce your electricity bill in Lagos. Nigerian startup Metro Africa Express (MAX), which provides vehicle subscription and financing services, raises a $31M Series B to expand within Africa ... Malaysia passes a bill to imprison people who facilitate access to pirate content via illegal streaming, for up to 20 years. Particularly those working within the tech industry. The Nigeria Startup Bill, which has been in the works since earlier this year, would create a government fund to support startups and tax holidays of up to four years, among other incentives for investors, communications minister Isa … The Nigeria Startup Bill has been passed by the Nigerian Federal Executive Council (FEC) and will be referred to the National Assembly for consideration. Preparations for the Nigeria Startup Bill have moved out of the meeting rooms and are now in full swing towards implementation. Startup Bill To Increase Growth of Small, New Tech Firms. This was the first of four webinars organised by the NSB on topics related to proposed legislation in Nigeria. It’s time for startups to participate in the creation of laws that concern startups — The Nigeria Startup Bill project is a joint initiative by Nigeria’s tech ecosystem and the Presidency to harness the potential of our digital economy through co-created regulations. The website of the Startup Bill Project, a joint initiative by Nigeria’s tech startup ecosystem and the Presidency to harness the potential of our digital economy through co-created regulations gone live. The bill is being put together to foster the growth of startups in the tech ecosystem in Nigeria. Campaigners for the Nigeria Startup Bill, on Saturday, kicked off nationwide rallies to mobilise support for the Nigeria Startup Bill (NSB) and its proposed impact on Startups in the country. How this tech startup has saved the Nigerian government $2m in losses in 5 years. This past decade, Nigeria has arguably … Nigeria’s proposed Startup Bill seeks to harmonise these existing laws and provide relevant innovation-friendly updates that would boost startup activities in the country. This video is about how Nigeria wants to crush tech startups in the country. Original source: Quartz (See the article) Hello Quartz Africa readers! ... Online safety bill: What you need to know December 17, 2021. The NSB will set […] The bill is also an opportunity to update existing but outdated laws. The Bill will ensure that Nigeria’s laws and regulations are friendly, clear, planned and work for the tech ecosystem. The Federal Executive Council presided over by President Muhammadu Buhari has approved a bill known as Nigeria Start-Up Bill, for onward transmission to the National Assembly for passage into law. The Nigeria Startup Bill secretariat consists of a cross-section of high-level volunteers from various sectors in the ecosystem, the private sector, and the government. The Kenyan parliament has published a Startup Bill in its National Gazette. Startup bill v. NITDA method. For a while, there have been talks about revamping the outdated 2007 Act of Nigeria’s information and technology body, the National Information Technology Development Agency (NITDA).The bill, which established NITDA as the agency to oversee Nigeria’s technological transformation, is quite outdated. Last weekend, Kola Aina*, founding partner of Ventures Platform, talked about a plan to A new bill from Nigeria’s tech regulator is alarming startup founders. Pantami said: “The Startup Bill, which is now before the FEC, will accelerate the growth of small and new technology firms in Nigeria when enacted into law.” The first one is on the Nigeria Startup bill, which is an exciting news to our innovators all over the country. Frankfurt (Germany) and Lagos (Nigeria), October 2021. The Federal Executive Council, FEC, Wednesday approved the Nigeria Startup Bill to be sent to the National Assembly for legislation. UK Government reiterates Commitment to support Nigeria’s Startup Bill The UK Government through its Africa Technology and Innovation Partnership (ATIP) programme and the UK-Nigeria Tech Hub has reiterated its commitment to support the Nigeria Start-up Bill which will improve the policy and regulatory framework in Nigeria’s Technology Ecosystem, and support growth … About the Startup Bill The Nigeria Startup Bill project is a joint initiative by Nigeria’s tech startup ecosystem and the Presidency to harness the potential of our digital economy through co-created regulations. View archive. Startup Bill To Increase Growth of Small, New Tech Firms. While highlighting the importance of the Startup Bill, Prof Pantami said that “the Nigeria Startup Bill is a step in the right direction towards supporting the scalability prospects of Nigerian Startups.” He also emphasized the importance of the Bill to economic growth and development, saying, “Startups are not job seekers but job providers. Nigeria has moved a step closer to rolling out its landmark Nigeria Startup Bill (NSB) that will further deepen the country’s technology ecosystem and enable a sector on the cusp of exponential growth. Isa Pantami, Nigeria’s Minister of Communication and Digital Economy, said the Startup Bill that is currently before the Federal Executive Council (FEC) will accelerate the growth of small and new technology firms in Nigeria when enacted into law. NITDA’s leaked amended bill is coming when the Nigerian tech ecosystem has rallied around to engage policymakers in the … Leaked Nigerian startup bill reveals theme of licenses, fees, fines and penalties – TechCrunch For a while, there have been discussions about revising the old 2007 law of the National Information Technology Development Agency (NITDA), the information technology agency in Nigeria. Nigeria’s President Muhammadu Buhari looks set to hand the country’s vibrant tech ecosystem an olive branch, following years of fraught relations with the sector. Hundreds of Nigerian youth rallied on Thursday across five states in the country to show support for the Nigeria Startup Bill (NSB). Through the Federal Executive Committee, the federal government has approved Nigeria’s Internet Technology Act (Startup Bill) and has approved it for submission to Parliament for approval.. Among several interesting provisions, the government wants to create a number of incentives for startups as well as protection for intellectual property. In October, Nigerian automotive trading startup Autochek raised $13.1m in a seed funding round. The Nigeria Startup Bill, which happens to be the first joint initiative between the Nigerian presidency and the Nigerian tech ecosystem, aims to harness the potential of the country’s digital economy by providing startups with regulatory clarity, improved access to capital, and an enabling environment to support their growth and scalability. The bill is being put together to foster the growth of startups in the tech ecosystem in Nigeria. The Federal Executive Council (FEC) has approved the Nigeria Startup Bill (NSB) and is being sent to the National Assembly by President Muhammadu Buhari for approval. Login to LinkedIn to keep in touch with people you know, share ideas, and build your career. The Federal Government through the Federal Executive Council approved Nigeria’s internet technology bill known as the Startup Bill, which would be transmitted to the National Assembly for passage into law. Nigeria’s edtech startup Stranerd launches P2P learning platform. Nigeria startup bill poised to unlock digital potential Nigeria has moved a step closer to rolling out its landmark Nigeria Startup Bill (NSB) that will further deepen the country’s technology ecosystem and enable a sector on the cusp of exponential growth. NITDA’s leaked amendment bill came when the Nigerian technology ecosystem gathered to involve domestic policy makers. While Nigerian startups raised$1.37 billion in … LATEST NEWS. The Bill will ensure that Nigeria's laws and regulations are friendly, clear, planned and work for the tech ecosystem. The company was a beneficiary of the inaugural $1million Africa Netpreneur Prize Initiative by the Jack Ma Foundation in … jasonlyon 3 mins ago. The startup bill is expected to be signed into law next year as it awaits a vote by Nigerian parliament, The National Assembly, after winning cabinet approval. $110million fundraise for Nigerian fintech, TradeDepot. Busha, a Nigerian crypto-exchange platform that helps users buy, sell, and manage their cryptocurrency portfolio has raised $4.2 million seed DEAL: Nigerian-crypto exchange startup, Busha raises $4.2 million seed funding for pan-African expansion - Nairametrics The Nigeria startup bill is a joint project by the Presidency and startups in the tech ecosystem to harness the potential of the country’s digital economy, foster growth and protect tech startups through co-created regulations. The landmark Nigeria Startup Bill (NSB) when passed into law will further deepen the country’s technology ecosystem and lead. Nigeria Startup Bill passed by the Nigerian Federal Executive Council (FEC) and will be referred to the National Assembly for consideration. We are excited to share that the NSB will be live in Edo state for the Investment Summit (Alaghodaro21) Date: 12th November 2021 Time: 10 AM Venue: New Festival Hall, Government House, Benin city. Isa Ali Ibrahim Pantami, the minister of Communication and Digital Economy has said that he will present the Startup Bill to the Federal Executive Council (FEC) by next week. “By this, the Nigeria startup bill has replaced our national digital innovation entrepreneurship and startup policy. The recently introduced Nigerian Startup Bill (“Bill”) is one development that is expected to improve the business environment for Startups in Nigeria when passed into law. Interesting how Kenya is becoming the next step for Nigerian startups, especially those in the fintech space, to springboard into eastern Africa. December 12, 2021. Games Workshop’s problems get worse ... CreaTech startup Octaive raises £500k in angel... October 5, 2021. by LLT FINANCE REPORTER October 5, 2021. It is aimed at creating a favourable environment for Startups by: providing incentives; removing regulatory constraints; and developing an ecosystem for Startups to thrive. The Special Guest, Honourable Minister of Communications and Digital Economy, Isa Ali Ibrahim (Pantami), PhD with the Chief of Staff to the President, His Excellency, Prof Ibrahim Gambari during the Consultation Session to review the proposed draft of the Nigeria StartUp Bill held at Fraser Suites, Abuja. Autochek’s seed round was led by TLcom Capital and 4DX Ventures with participation from Golden Palm Investments, … Tech hubs evolve, Nigeria’s startup bill, film restitution You’re reading the Quartz Africa Weekly Brief email from December 19, 2021. This came less than a year after it raised $3.4m in a pre-seed round in November 2020, thereby bringing the total amount of investments to date to $16.5m. The Nigeria Startup Bill is expected to accelerate this progress and lead to many more Nigerian unicorns in years to come. Wowzi, an influencer marketing platform, has announced it has successfully closed a $2 million seed round that will see it scale its platform across the African continent.The round was led by 4DX Ventures with participation from To.org, Golden Palm Investments, LoftyInc Capital, Afropreneur Angels, and Future Africa. “This rally is to support and create awareness around the importance of the NSB. The startup plans on using the fund to fuel operations aimed at increasing crypto adoption in Africa, expand into new African markets, scale its products and hire new talents/ build new teams. The bill proposes the government creates the Startup Investment Seed Fund, and make President Muhammadu Buhari its council head. The presidential approval of the Nigeria Startup Bill would help to unlock the full potentials in the Nigerian startup ecosystem. The Nigeria Startup Bill is the collective effort of stakeholders in Nigeria’s tech industry and our friends in government. Isa Pantami, Minister of Communication and Digital Economy mentioned while briefing State House media that … Most Read. Hundreds of Nigerian youth rallied on Thursday across five states in the country to show support for the Nigeria Startup Bill (NSB). The Bill will ensure that Nigeria's laws and regulations are friendly, clear, planned and work for the tech ecosystem. The first one is on the Nigeria Startup bill, which is an exciting news to our innovators all over the country. With the current ecosystem and regulatory environment in the country, this drive is not only timely but fundamental to the growth of the Startup space in Nigeria. The recently introduced Nigerian Startup Bill (“Bill”) is one development that is expected to improve the business environment for Startups in Nigeria when passed into law. It is, however, worthy of note that the test of the effectiveness of any law such as this majorly depends on the ability of … Nigeria has moved a step closer to rolling out its Nigeria Startup Bill (NSB), aimed at deepening the country’s technology ecosystem and enabling the sector. The bill was drafted to replace the criticised national digital innovation entrepreneurship and startup policy, enabling conducive business environment for entrepreneurs to innovate and startups to scale. Nigeria executive approves startup bill, set for parliament By Reuters. The Bill, which began … The Nigeria Startup Bill. The town hall meeting was part of the advocacy and national buy in strategy for the Nigeria Startup Bill (NSB), a national effort at development of law and policy to cover the technology sector, with full involvement of the Presidency and relevant Ministries Departments and Agencies (MDA) of the Federal Government. We have an engagement team that is dedicated to ensuring that every voice gets heard. Nigeria Startup Bill project is a joint initiative by Nigeria’s tech startup ecosystem and the Presidency to harness the potential of the country’s digital economy through co-created regulations. It is aimed at creating a favourable environment for Startups by: providing incentives; removing regulatory constraints; and developing an ecosystem for Startups to thrive. The Federal Government through the Federal Executive Council approved Nigeria’s internet technology bill known as the Startup Bill, which would be transmitted to the National Assembly for passage into law. Nigeria is making instrumental strides towards becoming an enabler for tech businesses and and startups. The Nigeria Startup Bill, which happens to be the first joint initiative between the Nigerian presidency and the Nigerian tech ecosystem, aims to harness the potential of the country’s digital economy by providing startups with regulatory clarity, improved access to capital, and an enabling environment to support their growth and scalability. This was disclosed by the Minister of Communications and Digital economy, Isa Pantami, on Wednesday after the FEC meeting presided over by the President, … The introduction of the Bill is truly a step in the right direction in creating an enabling environment for Startups to thrive in Nigeria. DrugStoc @drugstoc a Nigerian health-tech startup, has secured $4.4m in a Series A funding round to scale its efforts in Nigeria. Enact a startup bill.. The Federal Executive Council (FEC) has approved the Nigeria startup bill to provide a conducive environment for entrepreneurs, this was revealed by Isa Pantami, the Minister of communications and digital economy on Wednesday at the end of the council meeting in Abuja. The Federal Executive Council, FEC, Wednesday approved the Nigeria Startup Bill to be sent to the National Assembly for legislation. Leaked Nigerian startup bill reveals theme of licenses, fees, fines and penalties – TechCrunch For a while, there have been discussions about revising the old 2007 law of the National Information Technology Development Agency (NITDA), the information technology agency in Nigeria. Start Up Bill Design Cover. The Minister of Communications and Digital Economy, Prof. Isa Pantami. Nigeria Startup Bill. Startup bill v. NITDA Act. In July 2021, Flutterwave announced the appointment of a Regulatory and Government Relations Officer. GreenTec Capital CIO Tomi Davies (TD) participated in Nigeria’s National Startup Bill (NSB) Learning Series webinar titled Incentivising and protecting investment in Innovation. 1 month ago 34. The Bill, which began … According to the Bill, a (Nigerian) startup is an innovation or technology-driven company that meets the following criteria: - is registered as a company under the Companies and Allied Matters Act and has been in existence for a period of not more than ten (10) years from the date of its incorporation or registration; A bill to formalize relations between startups and regulators in Nigeria was approved by the country’s executive on Dec. 15 and will now head to parliament to become law. Between 2015 and 2019 Africa’s tech hub soars.. 2 other things and a … The Presidency and leaders of the Nigerian technology industry have worked on the bill, which has now been approved by the Federal Executive Council and is being sent to the The Startup Bill 2020 is sponsored by the Nairobi County Senator, Johnson Sakaja, and provides a framework for the development of […] The Nigerian Government had worked with various stakeholders in the Nigerian technology industry to come up with the bill. The presidency and leaders of the Nigerian technology industry has quickened plans to make the Nigerian Start-up Bill (NSB) which will ensure regulatory support as Nigeria continues to attract millions of dollars in international investment, a reality.. Nigeria Startup Bill project is a joint initiative by Nigeria’s tech startup ecosystem and the Presidency to harness … The Nigeria Startup Bill (NSB) which would provide a legal and institutional framework for the development of startups in Nigeria has been approved by the Federal Executive Council (FEC). Nigeria has moved a step closer to rolling out its Nigeria Startup Bill (NSB), aimed at deepening the country’s technology ecosystem and enabling the sector. But the bill belongs to all Nigerians and not just a few selected people. WE HAVE LAUNCHED! “This bill has 11 chapters, and all of them have been crafted to provide the enabling environment for our startups to be very successful. 1 other thing and a trivia S’Africa’s Planet42 closes $30m funding to drive expansion. Isa Pantami, minister of communications and digital economy, disclosed this on Wednesday at the end of the council meeting in Abuja. 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