Nigeria's Startup Act 2022 under threat; needs acceleration
Nigeria's turbo-charged Startup Act has now stalled; its implementation needs acceleration

Key questions this article answers:

  1. The Federal Government stunned the tech ecosystem with how swiftly it passed the Nigeria Startup Act into law (within a year). How much of this initial zeal is supporting the Act’s implementation?

  2. What must Tinubu’s administration prioritise to push the Act further along?

 

Saudi Arabia doesn’t often come up in conversations about tech.

But the recent ambitions of the Saudi crown prince, Prince Mohammad bin Salman (MBS), are hard to ignore. MBS has pledged $500 billion (more than Nigeria’s 2022 GDP: $472 billion) to transform a tiny slice of the Arabian desert into a high-tech urban paradise. Neom, as the new city is called, will feature an urban spaceport, hydrogen-powered cars, and business-friendly policies.

Though much of Neom still exists as draft sketches on construction paper, this project demonstrates the potential that can be unlocked when the tech sector gets the government’s attention. 

Of course,

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Nchedolisa Akuma

Nchedolisa Akuma

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