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Unlocking Nigeria's Innovation Potential with the

Nigeria Startup Act

The portal will facilitate the labelling of Nigerian Startups and the registration of Venture Capitalists, Angel Investors, Accelerators, Incubators & Innovation Hubs (A.I.I.), and Civil Society Organisations involved in advancement of Technology and Innovation.

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About the Nigeria Startup Act

The Nigeria Startup Act 2022 provides incentives, structures and programmes for Nigerian startups to catalyse growth, create value and build a foundation to export tech-enabled services. The Act also creates the National Council for Digital Innovation and Entrepreneurship whose primary mandate is to align national policies for the development of startups and establish programmes to support tech-enabled startups in Nigeria.

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Highlights of the Nigeria Startup Act

Establishes the National Council for Digital Innovation and Entrepreneurship (The Council)
Sets up a consultative forum for Nigerian ecosystem stakeholders to engage and present proposals to the Council
Provides for the Startup Investment Seed Fund  which will be managed by the Nigerian Sovereign Investment Authority (NSIA)
Simplifies registrations and access to government services through the Startup Support and Engagement Portal

Features of Startup Support and Engagement Portal

Registration of A.I.I. and Labeling of Startups

Identifying structured and quality support for high-impact and scalable startups

Startup Engagement and Support

Providing startups with valuable knowledge and information resources for growth and success

Tax and Fiscal Incentives

The Act offers a range of incentives to encourage both local and foreign investors to invest in a Nigerian startup

Financing and Fund Management

Ensuring access to financial resources and effective fund management for startups

Ecosystem Engagement and Support

Building a robust support structure for the startup ecosystem to grow and thrive

Collaboration and Linkage with Government

Fostering partnerships and connections with relevant government agencies to advance startup initiatives

Sign Up and Pave the Way for Innovation and Growth

Startups

Startups

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Angel Investors

Angel Investors

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Venture Capitalists

Venture Capitalists

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Accelerators, Innovation Hubs & Incubators

Accelerators, Innovation Hubs & Incubators

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Partners

  • Office of the President
  • NCC
  • NITDA
  • CBN
  • FMCDE
  • NSIA
  • icon
    Our continent has massive challenges and those of who are working in IT just can’t stay at the level of solving peripheral problems for a thin middle class. We actually have to build the future.

    CEO, Future Africa logo

    Iyinoluwa Aboyeji

    CEO, Future Africa

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    Inventing something new is technology, being able to commercialize technology is innovation.

    DG/CEO, NITDA logo

    Dr. Kashifu Inuwa

    DG/CEO, NITDA

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    I am optimistic about the vibrant youth we have who are always with high energy and creative thinking of how to solve our serial challenges. It is a good one, and in the near future, it will contribute significantly to the economy.

    CEO, FlexiSAF logo

    Faiz Bashir

    CEO, FlexiSAF

    Frequently Asked Questions

    You need answers to your questions?
    The NSA is a co-created law by the government and ecosystem to unlock Nigeria's digital economy potential by ensuring regulatory certainty, creating an enabling business environment, and fostering local content to attract investment and create job opportunities.
    The council consists of the following fourteen (14) members;
    • The President of the Federal Republic of Nigeria - Chairman;
    • The Vice President of the Federal Republic of Nigeria - Vice Chairman;
    • The Minister for Communication, Innovation and Digital Economy;
    • The Minister for Finance, Budget and National Planning;
    • The Minister for Industry, Trade and Investment;
    • The Minister for Science, Technology and Innovation;
    • The Governor of Central Bank of Nigeria (CBN);
    • Four (4) Representatives of the Startup Consultative Forum
    • One (1) member to represent the Nigeria Computer Society (NCS);
    • One member to represent the Computer Professionals (Registration Council of Nigeria); and
    • The Director General of the National Information Technology Development Agency (NITDA) - Secretary.
    To get the Startup Label, a startup company shall fill out the registration form on the Startups Portal and upload the prescribed documents. Where the Portal Coordinator is satisfied that an applicant has complied with the requirements for labelling, the startup Coordinator shall enter the name and particulars of the applicant in the;
    • register of startups; and
    • issue a label to the startup.
    Information sharing and collaboration in the ecosystem with respect to;
    • Policy proposals;
    • Information on startups, which qualify for labelling;
    • deliberation on memorandum to the National Council for Digital Innovation and Entrepreneurship (NCDIE);
    • Nomination of representatives to the NCDIE.
    • Access to the startup investment seed fund, grants, loans etc.
    • Access to tools and resources
    • Tax and fiscal incentives for Startups and Investors
    • Capacity building programs and trainings
    • Participation in regulatory sandboxes
    • Ecosystem engagement and support infrastructure
    • Collaborations and linkages with relevant MDAs as it relates to a startup
    Yes, a startup label will be withdrawn if a startup is in default of the obligations of a labelled startup or fails to meet the eligibility criteria.
    As a startup, what are the relevant government Ministries, Departments and Agencies (MDAs) I may be able to have access to?
    • Some of the relevant MDAs include the following;
    • Nigerian Sovereign Investment Authority (NSIA)
    • Corporate Affairs Commission (CAC)
    • Federal Inland Revenue Service (FIRS)
    • Central Bank of Nigeria (CBN)
    • Nigerian Investment Promotion Commission (NIPC)
    • Nigerian Export Processing Zones Authority (NEPZA)
    • Industrial Training Fund (ITF)
    • Nigerian Copyright Commission
    No, a Startup Label can only be issued to a startup that is technology enabled.
    The Council refers to the National Digital Innovation and Entrepreneurship Council (NDIEC), which is the highest government body of the Nigeria Startup Act whose primary mandate is to align national policies for the development of startups and establish programmes to support tech-enabled start-ups in Nigeria.
    No, a Startup Label can only be issued to a startup that is less than 10 years in existence from the date of incorporation.

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