New Lagos bill will domesticate the Nigeria Startup Act beyond startups
- Lagos state is developing the Lagos Innovation Bill, its own version of the Nigeria Startup Act, to support the growth of tech startups in the state.
- The bill aims to encourage large companies to drive innovation and develop the digital economy.
- It includes provisions for registration of research and innovation institutions, a research and innovation fund, tax incentives, accelerators and incubators, capacity building, and talent development.
The Lagos Innovation Bill is a positive step towards fostering innovation and driving the growth of the digital economy in Lagos state. By providing support and incentives for startups and research institutions, as well as encouraging collaboration between different stakeholders, the bill has the potential to create a thriving innovation ecosystem. It is a promising initiative that can position Lagos as a global leader in the tech industry.
