The National Information Technology Development Agency (NITDA) has stated that the recently passed Nigeria Startup Bill by the National Assembly will help institutionalise legal frameworks that will enhance the growth of startups in the country.
The Director General at NITDA, Kashifu Inuwa Abdullahi, who stated this while delivering a keynote address at the Google Black Founders Fund in Africa 2022 Launch event, which took place at Transcorp Hilton Hotel, Abuja recently, said the bill, will provide enabling environment for growth, attraction and protection of investment in the sector,
The DG noted that part of the challenge being faced by startups especially in Africa, was legal backing. According to him, starting and growing businesses in Africa used to be a big challenge, but with such bill in place, it will be easier to start a business.
Speaking about the importance of the event, Abdullahi said the gathering was an opportunity for startups to get funding and start a business, adding that it is also coming with other incentives like the training Google offers, which can be accessed via their Cloud.