Nigeria Startup Bill passes third reading at Plenary

The Nigeria Startup Bill has passed the third reading at the House of Representatives

This was among the ten bills that passed third reading on Wednesday, July 27, 2022

“A Bill for an Act to Establish National Council for Digital Innovation and Entrepreneurship,  Provide for the Creation and Development of an enabling environment for Technology-Enabled  Startups in Nigeria; and for Related Matters,” the House tweeted.

Speaking on the development, Stephen Edache, a volunteer on the Nigeria Startup Bill communications team said: “This is inspiring news for all of us on the team; a lot of hard work has gone into drafting the bill, generating support and just getting the word out there and it’s great to see that all that effort was not a waste. I personally can’t wait until the final step where the President assents to the bill and startups begin to reap its benefits.”

According to Tracy Okoro, the NSB State Adoption Lead, “The Nigeria startup bill is too important a bill for the National Assembly to delay its passage.”

It would be recalled that the Nigerian Senate passed the Bill on July 21, 2022

Nigerian youths also pushed for the bill’s adoption, following their rally at the National Assembly on the 27th of April, 2022.

The bill will now be sent to the President’s assent after which it will become a law.

PR/PIAK