The federal government of Nigeria has recently unveiled a dedicated Startup Support and Engagement online portal, aimed to promote and support the implementation of the Startup Act.
The launch was announced by Nigeria’s minister for communication, innovation, and digital economy, Bosun Tijani, who described the launch of the Startup Support and Engagement portal, as a key requirement for the implementation of the Nigeria Startup Act.
In his words,
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“We are pleased to announce the launch of the Startup and Engagement Portal, which is a key requirement for the implementation of the Nigeria Startup Act. The startup portal will drive the identification and aggregation of Nigerian startups, venture capital companies, hubs, and innovation centers in order to facilitate engagement and support for ecosystem players”.
He also added that the Startup support and engagement portal will also enable the selection of representatives to the National Council for Digital Innovation and Entrepreneurship to facilitate discourse and consensus among ecosystem players.
All Nigerian startup venture capital companies, hubs, and innovation centers have been urged to register, and look forward to working with all industry stakeholders to ensure that the Startup Act is fully implemented for the benefit of Nigeria’s ecosystem.
The launch of the Startup support and engagement portal is coming a year after, Nigeria’s immediate past President Muhammadu Buhari signed the Nigeria Startup Bill (NSB) into law to govern the multibillion-dollar tech ecosystem in the country.
The recent launch of the Startup portal is a key requirement for implementing the Nigeria Startup Act, which is meant to drive the identification, aggregation and registration of startups in Nigeria.
It is also intended to serve as a central hub for fostering the various initiatives and measures outlined in the Startup Act, reinforcing the country’s commitment to nurturing and advancing its startup ecosystem.
Also, the portal is expected to play a crucial role in streamlining processes, providing information, and facilitating collaboration among stakeholders to ensure the effective execution of the Startup Act’s provisions.
Notably, the launch of a dedicated startup online portal has been lauded by several Nigerians who commended the government on its efforts to keep pushing the boundaries and incorporating innovative Nigerians.
The portal is expected to serve as a comprehensive information hub, offering details about the various components of the Startup Act. This could encompass regulatory provisions, incentives for startups, and guidelines for entrepreneurs looking to benefit from the legislative framework.
In essence, the launch of the Startup Support and Engagement Portal, represents a proactive approach by the Nigerian government to not only enact favorable legislation for startups but also to create a digital infrastructure that actively supports and propels the successful implementation of these measures.