HAUSA NEWS
YORUBA NEWS
IGBO NEWS

POPULAR THIS WEEK

No Content Available
FOLLOW US ON GOOGLE NEWS
SEND US NEWS
Friday, May 30, 2025
  • REPORT A STORY
  • PRIVACY
  • CONTACT US
WITHIN NIGERIA - NEWS PICKS
  • HOME
  • FEATURES
  • NEWS PICKS
    • BREAKING
    • National
    • Local News
    • Politics
    • Diaspora
    • Business
    • Education
    • Sports
    • World News
      • Africa
      • U.S
      • Asia
      • Europe
    • XTRA
  • ENTERTAINMENT
  • MORE
    • GIST
    • ARTICLES
    • VIDEOS
No Result
View All Result
WITHIN NIGERIA - NEWS PICKS
No Result
View All Result
  • HOME
  • FEATURES
  • NEWS PICKS
  • ENTERTAINMENT
  • MORE
[adinserter block="17"]

FEC okays startup bill ‘to provide enabling environment’ for entrepreneurs

Sodiq Lawal Chocomilo by Sodiq Lawal Chocomilo
December 16, 2021
in National
Reading Time: 2 mins read
A A
0

The federal executive council (FEC) has approved the Nigeria startup bill to provide a conducive environment for entrepreneurs.

This was disclosed on Wednesday by minister of communications and digital economy, Isa Pantami at the end of the council meeting in Abuja.

Pantami said that the bill was crafted to provide an enabling environment for business startups to thrive. 

He said the bill would embolden young entrepreneurs to possess relevant skills and encourage them to transact business in the telecommunications sector. 

READ ALSO

2027 presidency: Peter Obi, a coalition and the “Obidient” dilemma

TRAINS AND TROUBLES: How insecurity is stalling Nigeria’s railway revival

Lagos sanitation challenges: Of disillusioned residents and a displeased government official

The most fatal building collapses in Nigeria: Highlighting the recent Lagos tragedy alongside past disasters

“The first one is on the Nigeria startup bill, which is exciting news to our innovators all over the country, particularly those who are working within the tech industry,” he said.

“The federal executive council has approved the Nigeria startup bill and has also directed my humble self, the minister of communications and digital economy, and also the attorney-general of the federation and minister of justice, to ensure that we immediately liaise and transmit same to the national assembly to begin the legislative process of converting it into law. 

“By this, the Nigeria startup bill has replaced our national digital innovation entrepreneurship and startup policy.

“This bill has 11 chapters, and all of them have been crafted to provide the enabling environment for our startups to be very successful.

“Firstly, the bill will establish the national council for digital innovation and entrepreneurship. 

“This council is going to be chaired by Mr. President himself and part of the council he will be supported also by the Vice President and I will also support both of them and many relevant ministers and government parastatals are part of the council. 

“Furthermore, there is also the operational structure of the council in which all the relevant institutions have a role to play in providing the enabling environment for our startups to thrive, part and parcel of this operational structure. 

“The bill also addresses startup leveling process, where a startup is going to be labeled. And after that, there is eligibility for the grant. 

“If a startup is looking for a government grant, there is a process to follow, which is very easy, and at the end, the government will be able to provide the grant and also there is a process of issuance, this certificate of leveling for the startup.

“The bill also will establish the startup investment seed fund, where there is going to be a dedicated fund to be provided by the federal government for our young innovators all over the country to apply for the startup investment Seed Fund to begin their own process if they need that.” 

The minister said that the council approved the procurement of four-passenger lifts by the Nigerian Communications Communication for its headquarters office in Maitama, Abuja. 

“The federal executive council has approved the replacement of the four-passenger lifts in the headquarters office looking at the dilapidated situation to make the environment more conducive for staff to work effectively,” Pantami said.

Discussion about this post

ADVERTISEMENT

LATEST

WOMEN LOCKED OUT: Why gender imbalance persists in Nigerian political leadership

May 30, 2025

2027 presidency: Peter Obi, a coalition and the “Obidient” dilemma

May 29, 2025

TRAINS AND TROUBLES: How insecurity is stalling Nigeria’s railway revival

May 29, 2025

Lagos sanitation challenges: Of disillusioned residents and a displeased government official

May 29, 2025

RIGGED REALITY: Why electoral reforms may never happen under current political interests in Nigeria

May 29, 2025

The most fatal building collapses in Nigeria: Highlighting the recent Lagos tragedy alongside past disasters

May 29, 2025
Load More
NEWS PICKS — WITHIN NIGERIA

WITHIN NIGERIA MEDIA LTD.

NEWS, MULTI MEDIA

WITHIN NIGERIA is an online news media that focuses on authoritative reports, investigations and major headlines that springs from National issues, Politics, Metro, Entertainment; and Articles.

Follow us on social media:

CORPORATE LINKS

  • About
  • Contacts
  • Report a story
  • Advertisement
  • Content Policy
  • Privacy Policy
  • Terms
 
  • Fact-Checking Policy
  • Ethics Policy
  • Corrections Policy
  • REPORT A STORY
  • PRIVACY
  • CONTACT US

© 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName

No Result
View All Result
  • HOME
  • FEATURES
  • NEWS PICKS
    • BREAKING
    • National
    • Local News
    • Politics
    • Diaspora
    • Business
    • Education
    • Sports
    • World News
      • Africa
      • U.S
      • Asia
      • Europe
    • XTRA
  • ENTERTAINMENT
  • MORE
    • GIST
    • ARTICLES
    • VIDEOS

© 2022 WITHIN NIGERIA MEDIA LTD. designed by WebAndName