Lagos Begins Domestication of Nigerian Startup Act Through KITE Project – THISDAYLIVE

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Lagos Begins Domestication of Nigerian Startup Act Through KITE Project Wale Igbintade Lagos State Government has commenced the domestication of the Nigerian Startup Act (NSA2022) with the establishment of Knowledge, I

Lagos State Government has commenced the domestication of the Nigerian Startup Act with the establishment of Knowledge, Innovation, Technology, and Entrepreneurship Project which will equitably localise the Act.

The Act defines Nigerian startups, their scope, operations, incentives, and limits to attract foreign investment and open up the Nigerian tech industry. Speaking, Special Adviser to the Governor of Lagos State on Innovation and Technology, Mr. Tunbosun Alake, said the NSA2022 regulations will assist startups in registering quicker, and obtaining permits faster, thereby boosting the ease of doing business.

“It is critical for entrepreneurs in the ecosystem to participate in the workshop review to have an impact on the state legislation being drafted. The Kite project is like Silicon Valley in that it will be a state-wide initiative that will create ICT clusters, which will promote innovation throughout the state and benefit the nation’s economy,” Alake said.

 

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