President Muhammadu Buhari has signed into law the Nigeria Start-Up Bill.
Minister of Communications and Digital Economy, Isa Pantami, announced this after meeting with the President at the State House.
According to Pantami, the Start-Up Law passed on July 20, 2022 was a bill initiated by the executive arm and sought to create an enabling environment for tech-based start-ups in Nigeria.
Pantami said the law with enormous benefits for the economy would aid young start-ups to identify and express their business challenges much easier.
The minister who noted that the ICT sector contributed eighteen point four two per cent to the economy in 2022, said the new piece of legislation would also provide a ten billion fund for eligible start-ups nationwide.