FG tasks states on adoption, implementation of startup law to deepen digital economy


Senior Special Assistant to the President on Digital Transformation and Lead for the Nigeria Startup Act, Oswald Osaretin Guobadia, has urged adoption and implementation of the law by states.

In a statement, he noted that adoption of the Act in each state would boost youth empowerment and develop the technology ecosystem.

He said: “The youth are key players for growth in the nation and it is important that they contribute to the impact of the Act by supporting, spreading awareness and pushing for its adoption in their various states because the law is to draw out the potential of the digital and spur growth in the ecosystem.”

Guobadia recollected that Yobe, Ekiti, Anambra, Lagos, Zamfara, Edo and Kaduna states have shown interest and taken steps to adopt the Act with a view to reaping its benefits.

The presidential aide continued: “The Act gives every state the opportunity to build a thriving startup ecosystem and stay competitive. Some of its (Act) provisions include fostering the development and growth of technology-related talent and providing an enabling environment for the establishment, development and operation of startups in Nigeria.

“The Act will also bridge the gap between startups and regulators, to ensure that the laws are clear and work for those in the technology ecosystem. With states’ adoption, one can expect to see a thriving tech ecosystem in the coming months and birth of new startups and clearer regulations.”

Recall that the Nigerian leader assented to the bill on October 19, 2022, to stir activities in the technology sector and bring about sustainable development of the ecosystem

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