UK expresses support for Nigeria Startup Bill

Jesusegun Alagbe

The United Kingdom says it will support the Nigeria Startup Bill (NSB) by funding the engagement of relevant stakeholders across the country through town hall meetings.

The British Deputy High Commission in Lagos, in a statement Wednesday, said the UK government would also provide access to research and evidence to harness the existing opportunities for startups in Nigeria.

“These town hall meetings serve to broaden the scope of reach and ensure that every key player across the nation joins the ongoing conversation and contributes to the drafting and contents of the Startup Bill,” the statement read.

It quoted the Country Director, UK-Nigeria Tech Hub, Adaeze Sokan, as saying that the UK was excited to be supporting the process of enacting the NSB, stating that Nigeria had shown so much growth and potential in the start-up space.

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Also speaking, Ms Leanne Jones, Team Lead, West Africa Research and Innovation, Foreign, Commonwealth and Development Office, said through the NSB, Nigeria would be joining a growing number of African countries pushing for positive changes and sustainability in the technology and digital environment.

According to the Federal Government, the NSB is a joint initiative by Nigeria’s tech startup ecosystem and the Presidency to harness the potential of the country’s digital economy through co-created regulations.

The bill seeks to ensure that Nigeria’s laws and regulations are friendly, clear, planned and work for the tech ecosystem towards contributing to the creation of an enabling environment for growth, attraction and protection of investment in tech startups.

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