The President of the Federal Republic of Nigeria transmitted the Startup Bill 2022 (“The Bill”) to the Nigerian National Assembly to harness the country’s abundant talents. Through this Bill, the Government is set to provide the regulatory framework that is expected to allow the tech industry to thrive.

The different segments of the Startup Bill discuss the issues involved in Nigeria’s technology industry and the various incentives that will accomplish its objectives and promote its growth and sustainability.

This newsletter explores and explains the tax and fiscal provisions of the Startup Bill to aid the public in understanding the Bill and how it would affect operations within the tech space before its enactment as an Act of Parliament.