National News
President Buhari signs Nigeria Start-Ups Bill into law
President Buhari signs Nigeria Start-Ups Bill into law
President Muhammadu Buhari has signed into law the Nigeria State-up Bill 2022.
The Minister of Communications and Digital Economy, Prof. Isa Pantami, confirmed this to State House correspondents shortly after the president appended his signature on the bill to become an Act.
According to Pantami, the new Act will come into effect with so many economic benefits for the country.
“On behalf of my principal, the President of the Federal republic of Nigeria, Muhammadu Buhari, I am here to brief you about his assent to the Nigeria Start-Up bill today, being Oct. 19, 2022.
“The President has assented to the bill and also conveyed to the relevant institutions of government for gazetting.
“We are all excited knowing the benefits that our economy is going to generate from the Act,” he stated.
Pantami explained that the bill, which emanated from the executive arm of government, was passed by the Senate on July 27 and the House of Representatives on July 28, 2022.
He said the bill was the outcome of engagements with young innovators and start-ups across the country.
“This bill was an executive bill that was initiated by the President through the office of his Chief of Staff in collaboration with the Ministry of Communications and Digital Economy.
“The two offices coordinated and established the foundation for the Nigeria Start-up Act 2022.
“The approach we adopted was to allow our young start-ups, our young innovators all over the country to identify the challenges they were confronted with in regards to intellectual property, financing, regulation and incentives, among others.
“So, young innovators were engaged across the country through their geo-political zones, where we encouraged them to voice out their challenges with regards to the ease of doing business.
“And from their inputs, we discovered there was the need to have Nigeria start-up Act in place so that it will provide the enabling environment for them to continue to thrive and be successful,” he added.
The minister noted that the digital economy sector had contributed a lot to the economy of Nigeria, adding that in the first quarter of 2020, the ICT sector contributed 14.72 per cent to the nation’s GDP.
“In 2021, this administration set up a new record by contributing 17.92 per cent to our GDP; this year in the second quarter of 2022, another record was set, with the ICT contributing 18.44 per cent to our GDP. These are all new records,” he said.
According to the minister, the new law will now provide the legal and strategic framework for the growth of the sector.
It also provides for the establishment of a Presidential Council to be called the National Digital Innovation and Entrepreneurship Council, to be chaired by the President, with the Vice President of the country as Vice Chairman.
He said that the Minister of Communications and Digital Economy would preside over the council in the absence of the president and vice-president.
He added that the ministers of Finance, Budget and National Planning; Industry, Trade and Investment; Science and Technology, among others, are members of the council.
According to Pantami, there are provisions for a minimum investment fund of N10 billion and other incentives that will be disbursed to start-ups to encourage them.
President Buhari signs Nigeria Start-Ups Bill into law
Wife of the Vice President of Nigeria in Ethiopia
By: Our Reporter
Wife of the Vice President of Nigeria Hajiya Nana Shettima arrived Addis Ababa With Her Husband, Senator Kashim Shettima to attend the 30th General Assembly of Organization of African First Ladies For Development (OAFLAD) while The Vice President will be attending the 39th Ordinary Session of the Assembly of African Union Heads of States and Government on behalf of President Bola Ahmed Tinubu
Mrs Shettima is Representing First Lady of Nigeria Senator Oluremi Tinubu CON.
The African First Ladies are expected to Focus on internal issues and advance OAFLAD’s strategic priorities.
The 30th General Assembly’s open session under the theme “Building Resilience for Women and Girls: Climate, Conflict, and Sustainable Futures will be held on the 15th of February.
Mrs Shettima who left Abuja this afternoon for Addis Ababa the Capital of Ethiopia will participate in various meetings with African First Ladies spanning for Three Days
Wife of the Vice President of Nigeria in Ethiopia
Vice President Shettima Arrives Ethiopia Ahead Of AU Summit
By: Our Reporter
The Vice President, Senator Kashim Shettima, has arrived in Addis Ababa, Ethiopia, to represent President Bola Ahmed Tinubu at the 39th Ordinary Session of the Assembly of African Union (AU) Heads of State and Government, as well as the 30th General Assembly, scheduled to hold on February 14 and 15, 2026, respectively.
The Vice President was received at the Bole International Airport by the Ethiopian Minister of Innovation and Technology, Dr. Belete Mola, alongside the Ethiopian State Minister of Foreign Affairs, Amb. Berhanu tsegaye; Nigeria’s Minister of Foreign Affairs, Amb. Yussuf Tuggar; Permanent Secretary in the Ministry, Amb. Dunoma Ahmed; Chargé d’Affaires, Embassy of Nigeria, Ethiopia, Amb. Nasiru Aminu; Head of Consular and Ambassador-Designate, Amb. Geoffrey Chima and other government officials.
On arrival, the Nigerian Minister of Foreign Affairs, Amb. Tuggar, debriefed the Vice President on his itinerary at the Summit.
This year’s AU summit, with the theme, “Assuring Sustainable Water Availability and Safe Sanitation Systems to Achieve the Goals of Agenda 2063,” will focus on advancing continental commitments toward sustainable water management, improved sanitation systems, and the broader development aspirations encapsulated in the AU’s Agenda 2063 framework.
Besides the Heads of State meetings, Senator Shettima will participate in high-level side events, and bilateral engagements with political and business leaders aimed at strengthening Nigeria’s diplomatic, economic, and strategic partnerships across the continent.
Speaking with journalists after debriefing the Vice President, Amb. Tuggar said the launch of the Regional Partnership for Democracy (RPD) is a strategic move to consolidate and strengthen the democratic culture in Africa.
On the gains of the summit, the Minister noted that the country was already taking in the benefits of her participation, with the confirmati on of Nigeria as the host of the African Monetary Institute and the African Central Bank as well as its nomination to the board of the bank.
Vice President Shettima Arrives Ethiopia Ahead Of AU Summit
National News
VP Shettima Departs Abuja to Represent President Tinubu at the 2026 African Union Summit
VP Shettima Departs Abuja to Represent President Tinubu at the 2026 African Union Summit
By: Our Reporter
The Vice President of the Federal Republic of Nigeria, Senator Kashim Shettima, has departed Abuja for Addis Ababa, Ethiopia, to represent President Bola Ahmed Tinubu at the 2026 African Union (AU) Summit.
The Summit, themed “Assuring Sustainable Water Availability and Safe Sanitation Systems to Achieve the Goals of Agenda 2063,” will focus on advancing continental commitments toward sustainable water management, improved sanitation systems, and the broader development aspirations encapsulated in the AU’s Agenda 2063 framework.
While in Addis Ababa, the Vice President will join other African leaders at the 39th Ordinary Session of the Assembly of AU Heads of State and Government, as well as the 30th General Assembly, scheduled to hold on February 14 and 15, 2026, respectively.
On the margins of the Summit, Senator Shettima will participate in high-level side events and hold bilateral engagements with political and business leaders aimed at strengthening Nigeria’s diplomatic, economic, and strategic partnerships across the continent.
The Vice President is accompanied by cabinet ministers and other senior government officials. He is expected to return to Nigeria at the conclusion of his official engagements in Addis Ababa.
VP Shettima Departs Abuja to Represent President Tinubu at the 2026 African Union Summit
Wife of the Vice President of Nigeria in Ethiopia
Vice President Shettima Arrives Ethiopia Ahead Of AU Summit
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