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Nigerian Startup Law Can Tackle the Obstacles Entrepreneurs Face in Nigeria – Expert with FG

A tech expert has urged the federal government to do more in addressing obstacles entrepreneurs face in addition to the newly approved startup law.

DAILY POST recently learned this in an exclusive conversation with Executive Vice President/Partner Hotspot Network Limited, Mr Charles Iyoha.

Responding to the opportunities and challenges facing the technology field in Nigeria, Mr. Iyoha applauded the resilience of Nigerian youth for striving despite harsh economic realities.

According to him, the Startup Act signed into law by President Muhammadu Buhari in October last year holds a lot of benefits for the Nigerian youth, but Nigerians are waiting for its implementation.

“The law looks very good on paper and in theory. However, the government still has a lot to do in this area. There is not much I can say about it now, as it was signed into law less than a month ago. We have yet to see what or if There was no impact in the technological field.

“The truth is that startup/entrepreneurship is very difficult in Nigeria. When you are not suffering from lack of sources of finance, the state and local governments are chasing you with double and sometimes triple taxation. Or lack of primary education in our higher institutions – we do not train our students to be entrepreneurs; they are taught How to graduate and find a job.Let’s start training kids from high school on how to start and run a small business.Work will go a long way to change the current mindset and make the next generation the entrepreneurial generation.

“Having said that, I applaud the Nigerian youth for their resilience; mostly, they think unorthodox despite little or no training to set up their thriving businesses. This has led the government to take the first step in drafting and passing the law. However, something needs to be done Much to remove the hurdles and hurdles that have always plagued start-ups in Nigeria,” he said.

The Startups Act is expected to catalyze the Nigerian tech space with capital through the provision of seed funding to tech entrepreneurs by the Nigerian Sovereign Investment Authority.

Nigerian Startup Law Can Tackle the Obstacles Entrepreneurs Face in Nigeria – Expert with FG

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