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Article

NITDA urges 15 government agencies to coordinate and unlock key incentives promised under the Nigeria Startup Act.

Nairametrics Aug 14, 2026
Read the original Article page

TL;DR

The National Information Technology Development Agency (NITDA) called on 15 ministries, departments, and agencies to coordinate the full implementation of the Nigeria Startup Act (NSA).

Signed into law on October 19, 2022, the Act offers over 31 incentives across six categories including tax breaks, regulatory support, and funding but remains largely in the pre-implementation phase.

Intelligence

Startups must obtain an official 'startup label' through a designated portal to access these benefits, with 12,948 startups already registered for evaluation by a committee inaugurated in June 2024.

For Nigerian startup founders and investors, the activation of these 31 statutory incentives could significantly lower operational costs and ease tax burdens once fully implemented.

However, because coordination relies on 15 separate government agencies with different mandates, startups should expect continued bureaucratic delays in accessing actual tax reliefs and funding.

The immediate signal to watch is how quickly the newly inaugurated Startup Labelling Committee begins issuing official certificates to the 12,948 registered companies.

Funding extracted from this article

0

No funding rounds were extracted from this article.

Regulatory activity extracted

2
National Information Technology Development Agency Policy change
National Information Technology Development Agency Compliance requirement

Tenders extracted

0

No tenders were extracted from this article.

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