The Startup Bill was eventually delivered to President Muhammadu Buhari of Nigeria for his approval after it was passed by the Nigerian National Assembly.
According to a statement released by Senator Babajide Omoworare, who serves as the Senior Special Assistant to the President on Matters Relating to the National Assembly (Senate), the bill was subjected to all of the necessary parliamentary procedures before it was finally passed in the parliament.
It is important to remember that the Bill was sent to the National Assembly for consideration by President Buhari in a letter dated February 21, 2022, in accordance with Section 58(2) of the Constitution of 1999.
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The Startup Bill, 2021 would make provisions for the establishment and growth of an environment that is conducive to the establishment of technology-enabled start-ups in Nigeria. It intends to establish Nigeria’s ecosystem as the top technological centre in Africa, having exceptional innovators with cutting-edge skills and exportable capability. This would be accomplished by positioning Nigeria as the leading economy in Africa.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexpert