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The President of the Federal Republic of Nigeria recently signed the Start-up Bill 2022 into law (also known as The Act or Nigerian Startup Act). This law’s enactment is generally considered a welcome development, particularly within the technology space. Amongst other things, the Act is expected to accelerate growth and lower market entry barriers for start-ups.

In this legislative update, we have highlighted 10 key provisions to note about the newly signed Startup Act and its projected implications in the start-up ecosystem.

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