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Section 28 Nigeria Startup Act Section 28 Nigeria Startup Act 2022 is about Credit Guarantee Scheme. It is under Part VII (Tax and Fiscal Incentives) of the Act. 1) The Secretariat shall establish a Credit Guarantee Scheme (in this Act referred to as “the Scheme”) for the development and growth of a labelled startup under…
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Section 27 Nigeria Startup Act Section 27 Nigeria Startup Act 2022 is about Access to government grants, loans and facilities. It is under Part VII (Tax and Fiscal Incentives) of the Act. The Secretariat shall ensure that a labelled startup has access to grants and loan facilities administered by the CBN, the Bank of Industry…
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Section 26 Nigeria Startup Act Section 26 Nigeria Startup Act 2022 is about Access to export facilities. It is under Part VII (Tax and Fiscal Incentives) of the Act. The Secretariat shall ensure that a labelled startup involved in the exportation of products and services, which are deemed eligible under the Export (Incentives and Miscellaneous…
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Section 25 Nigeria Startup Act Section 25 Nigeria Startup Act 2022 is about Additional tax reliefs. It is under Part VII (Tax and Fiscal Incentives) of the Act. (1) Notwithstanding the provisions of any other law, the Federal Government may, through the Federal Ministry responsible for Finance or any other relevant MDA, simplify the requirements…
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Section 24 Nigeria Startup Act Section 24 Nigeria Startup Act 2022 is about Incentives for a labelled startup under the Pioneer Status Incentive Scheme. It is under Part VII (Tax and Fiscal Incentives) of the Act. A labelled startup which falls within industries captured under the extant Pioneer Status Incentives (PSI) Scheme may upon application…
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Section 23 Nigeria Startup Act Section 23 Nigeria Startup Act 2022 is about Support of academic research institutions. It is under Part VI (Training, Capacity Building and Talent Development) of the Act. The Secretariat shall support the activities of an academic research institution to the development of a startup by —(a) creating linkages between a…
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Section 22 Nigeria Startup Act Section 22 Nigeria Startup Act 2022 is about Talent development. It is under Part VI (Training, Capacity Building and Talent Development) of the Act. (1) The Secretariat shall collaborate with the National Universities Commission, National Board for Technical Education and other tertiary institutions regulatory bodies within Nigeria to develop modules,…
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Section 21 Nigeria Startup Act Section 21 Nigeria Startup Act 2022 is about Training and capacity building. It is under Part VI (Training, Capacity Building and Talent Development) of the Act. (1) The Secretariat shall design and implement a training and capacity building programme for startups, in accordance with this Act, and shall utilise the…
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Section 20 Nigeria Startup Act Section 20 Nigeria Startup Act 2022 is about Functions of the Fund Manager. It is under Part V (Startup Investment Seed Fund) of the Act. The Fund Manager shall —(1) Create an innovation grant budget and management framework to support research and development projects, and (2) Issue a framework which…
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Section 19 Nigeria Startup Act Section 19 Nigeria Startup Act 2022 is about Establishment of Startup Investment Seed Fund. It is under Part V (Startup Investment Seed Fund) of the Act. (1) There is established the Startup Investment Seed Fund (in this Act referred to as “the Fund”) to be managed by the Nigeria Sovereign…