NASS transmits Start-up Bill eight months after

Pantami noted that his ministry would work closely with the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, to liaise with the National Assembly to convert the bill into law.

The minister said the new bill contained provisions that allowed easy access to grants, including a Startup Investment Safe Fund for young innovators who would be able to apply for government sponsorship of their ideas. He also disclosed that there would be national hubs across the country where innovators could incubate their ideas with full intellectual property rights that protects them.

The piece of legislation will also establish the National Council for Digital Innovation and Entrepreneurship which will be responsible for collaborating with various regulatory bodies to ensure the provision of support services and incentives to the start-ups. The NCDIE will be chaired by Buhari to be assisted by Vice President Yemi Osinbajo and other members of relevant departments and agencies as well as the organised private sector.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

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