Politics
FEC approves Nigeria Startup Bill
The Federal Executive Council, FEC, yesterday approved the Nigeria Startup Bill to be sent to the National Assembly for legislation.
The Minister of Communication and Digital Economy, Dr. Isa Pantami, disclosed this while briefing State House correspondents at the end of the virtual council meeting presided over by President Muhammadu Buhari at the Council Chamber, Presidential Villa, Abuja.
Dr. Pantami explained that the 11-chapter bill replaces the National Investment and Startup Policy.
He said, with this development, his Ministry will work closely with the Attorney General of the Federation, AGF, and Minister of Justice, Abubakar Malami, to liaise with the National Assembly to convert the bill into law.
The Minister, who said the new bill if passed into law will create an enabling environment for Nigerian startups further said that the bill contains provisions that allow easy access to grants including a Startup Investment Safe Fund for young innovators who can apply for government sponsorship of their ideas.
Pantami also disclosed that there will be national hubs across the country where innovators can incubate their ideas with full intellectual property rights that protects them.
Bodex F. Hungbo, SPMIIM is a multiple award-winning Nigerian Digital Media Practitioner, Digital Strategist, PR consultant, Brand and Event Expert, Tv Presenter, Tier-A Blogger/Influencer, and a top cobbler in Nigeria.
She has widespread experiences across different professions and skills, which includes experiences in; Marketing, Media, Broadcasting, Brand and Event Management, Administration and Management with prior stints at MTN, NAPIMS-NNPC, GLOBAL FLEET OIL AND GAS, LTV, Silverbird and a host of others
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