President Muhammadu Buhari has signed into law the Nigeria Start-up Bill.
The National Assembly had last month transmitted the Start-up Bill to the President for assent.
In a tweet on Wednesday, the Minister of Communications and Digital Economy of Nigeria, Isa Ali Pantami, confirmed that the President had assented to the Bill.
Sharing a picture of the President signing the Bill, Prof. Pantami tweeted, “His Excellency, President Muhammadu Buhari has just assented to Nigeria Start-up Bill. It has now become Nigeria Start-Up Act, 2022. It was an Executive Bill. Initiated by both Office of the Minister of Comms & Digital Economy. Congratulations to all!”
The Minister had earlier said that the Bill when signed into an Act would allow easy access to grants, including a Startup Investment Safe Fund for young innovators who would be able to apply for government sponsorship of their ideas.