President Muhammadu Buhari has inaugurated the National Council for Digital Innovation and Entrepreneurship to implement the provisions of the Nigeria Startup Act signed into law in December 2022.
Buhari directed the Secretariat, the National Information Technology Development Agency to ensure faithful implementation of the Act.
The president noted that Nigeria has been at the forefront of the growth of startups in Africa, with Nigerian start-ups raising over $4bn between 2019 and 2022.
The act provides incentives and support for start-ups, including tax breaks and access to funding.