India wants the citizens to pay 30% tax on crypto and NFTs; do not share this post with the Federal Inland Revenue Service of Nigeria. And Saudi Aramco has souped up a $1billion Venture Capital fund to invest in emerging technologies. Hello NNPC, can you budget $10 million for early stage startups in Nigeria?
That may be the oil and gas of the future because African startups are raising tons of money and some do not even have time for the pressmen. Tekedia Capital continues to provide paths for people to own a piece of these future empires here
Be inspired because the future looks promising; the innovators are at work.
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Comment 1: The dollars are raining, the future is not gloomy but exciting, you just need wash your eyes very well, so that you can see.
As for NNPC, it would be a great idea for it to have tech focused venture funds, since it’s great at loss making, with zero innovation anyway; this could open a new vista, making the hopeless state entity relevant in future discussions. As long as it doesn’t introduce quota system in funding the startups, else it will become another wasteful adventure.
For India and new tax regime for crypto and NFTs, our case is quite different, we haven’t even admitted or denied how useful or harmful the new tech is to our economy, so contemplating taxation would be an aberration.
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