The Nigeria Startup Act: A new dawn for the Nigerian startup ecosystem

  1. Establishment of the National Council for Digital Innovation and Entrepreneurship (The Council)
  • formulate and provide general policy guidelines for the realisation of the objectives of this Act
  • give overall direction for the harmonisation of laws and regulations that affect a startup
  • ensure the monitoring and evaluation of the regulatory framework to encourage the development of startups.
  • the objects of the entity should be innovation, development, production, improvement, and commercialisation of a digital technology innovative product or process.
  • it must be a holder or repository of a product or process of digital technology or the owner or author of registered software.
  • It must have at least one-third local shareholding held by one or more Nigerians as founder or Co-founder of the startup.
  • provide a labelled startup with finance.
  • provide early-stage finance for a labelled startup on the recommendation of the Fund Manager subject to the approval of the Council; and
  • provide relief to technology laboratories, accelerators, incubators and hubs.
  • Pioneer Status Incentive Scheme
  • Exemption from payment of Income tax for a labelled startup
  • Incentives and reliefs for investors investing in a labelled startup
  • Crowdfunding
  • Establishment of a Credit Guarantee Scheme



Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
The Nigeria Startup Act

The Nigeria Startup Act


The NSA is a joint initiative by Nigeria’s tech ecosystem and the Presidency to harness the potential of our digital economy through co-created regulations.