https://docs.brainycp.io/index.php?action=history&feed=atom&title=Nigeria_Executive_Approves_Startup_Bill_Set_For_Parliament 2026-04-06T10:37:01Z Revision history for this page on the wiki MediaWiki 1.27.1 https://docs.brainycp.io/index.php?title=Nigeria_Executive_Approves_Startup_Bill_Set_For_Parliament&diff=37357&oldid=prev 2021-12-16T08:09:20Z

<p>Created page with &quot;&lt;br&gt;ABUJA, Dec 15 (Reuters) - Nigeria&#039;s cabinet on Wednesday approved a bill that seeks to ease regulatory hurdles, offer tax incentives and make it easier for startups to rai...&quot;</p> <p><b>New page</b></p><div>&lt;br&gt;ABUJA, Dec 15 (Reuters) - Nigeria's cabinet on Wednesday approved a bill that seeks to ease regulatory hurdles, offer tax incentives and make it easier for startups to raise capital, paving the way for its transmission to parliament for debate, a government minister said.&lt;br&gt; &lt;br&gt;Africa's biggest economy has the most startups on the continent - more than 1,200 -, according to Briter Bridges Intelligence, a London-based firm that tracks investments into Africa.&lt;br&gt; &lt;br&gt;The companies cite government regulation, weak infrastructure and difficulties accessing capital as major obstacles to success in Nigeria.&lt;br&gt; &lt;br&gt;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 Pantami, told a post-cabinet news conference.&lt;br&gt; &lt;br&gt;The bill, which will now head to parliament, is a result of collaboration between the presidency and the private sector, Adaeze Sokan, country director at UK-Nigeria Tech Blog ([https://www.discogs.com/user/FloTechTips www.discogs.com]) Hub, said.&lt;br&gt; &lt;br&gt;&quot;This could serve as a model for policy making in Nigeria,&quot; said Sokan, who took part in crafting the bill said.&lt;br&gt; &lt;br&gt;Africa-focused payments startups Flutterwave and Paystack are some of the companies that were founded in [https://www.foxnews.com/search-results/search?q=Nigeria Nigeria] and have grown to offer services beyond the country's borders.&lt;br&gt; &lt;br&gt;Fundraising by African startups stands at $4.8 billion this year, according to data from Briter Bridges Intelligence.&lt;br&gt;&lt;br&gt;(Reporting by Felix Onuah and MacDonald Dzirutwe; Editing by David Gregorio)&lt;br&gt;</div>

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