{"id":121617,"date":"2021-12-16T06:54:15","date_gmt":"2021-12-16T05:54:15","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=121617"},"modified":"2021-12-16T06:54:15","modified_gmt":"2021-12-16T05:54:15","slug":"fec-okays-startup-bill-to-provide-enabling-environment-for-entrepreneurs","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2021\/12\/16\/fec-okays-startup-bill-to-provide-enabling-environment-for-entrepreneurs\/","title":{"rendered":"FEC okays startup bill \u2018to provide enabling environment\u2019 for entrepreneurs"},"content":{"rendered":"<p>The federal executive council (FEC) has approved the Nigeria startup bill to provide a conducive environment for entrepreneurs.<\/p>\n<p>This was disclosed on Wednesday by minister of communications and digital economy, Isa Pantami at the<span data-preserver-spaces=\"true\">\u00a0end of the council meeting in Abuja.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Pantami said that the bill was crafted to provide an enabling environment for business startups to thrive.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">He said the bill would embolden young <a href=\"https:\/\/www.withinnigeria.com\/news\/2021\/11\/26\/cbn-launches-tertiary-institutions-entrepreneurship-scheme\/\">entrepreneurs<\/a> to possess relevant skills and encourage them to transact business in the telecommunications sector.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">&#8220;The first one is on the Nigeria startup bill, which is exciting news to our innovators all over the country, particularly those who are working within the tech industry,\u201d he said.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe federal executive council has approved the Nigeria startup bill and has also directed my humble self, the minister of communications and digital economy, and also the attorney-general of the federation and minister of justice, to ensure that we immediately liaise and transmit same to the national assembly to begin the legislative process of converting it into law.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cBy this, the Nigeria startup bill has replaced our national digital innovation entrepreneurship and startup policy.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThis bill has 11 chapters, and all of them have been crafted to provide the enabling environment for our startups to be very successful.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cFirstly, the bill will establish the national council for digital innovation and entrepreneurship.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThis council is going to be chaired by Mr. President himself and part of the council he will be supported also by the Vice President and I will also support both of them and many relevant ministers and government parastatals are part of the council.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cFurthermore, there is also the operational structure of the council in which all the relevant institutions have a role to play in providing the enabling environment for our startups to thrive, part and parcel of this operational structure.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe bill also addresses startup leveling process, where a startup is going to be labeled. And after that, there is eligibility for the grant.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cIf a startup is looking for a government grant, there is a process to follow, which is very easy, and at the end, the government will be able to provide the grant and also there is a process of issuance, this certificate of leveling for the startup.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe bill also will establish the startup investment seed fund, where there is going to be a dedicated fund to be provided by the federal government for our young innovators all over the country to apply for the startup investment Seed Fund to begin their own process if they need that.\u201d\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The minister said that the council approved the procurement of four-passenger lifts by the Nigerian Communications Communication for its headquarters office in Maitama, Abuja.\u00a0<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u201cThe federal executive council has approved the replacement of the four-passenger lifts in the headquarters office looking at the dilapidated situation to make the environment more conducive for staff to work effectively,\u201d Pantami said.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The federal executive council (FEC) has approved the Nigeria startup bill to provide a conducive environment for entrepreneurs. This was disclosed on Wednesday by minister of communications and digital economy, Isa Pantami at the\u00a0end of the council meeting in Abuja. Pantami said that the bill was crafted to provide an enabling environment for business startups [&hellip;]<\/p>\n","protected":false},"author":17,"featured_media":121619,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"jnews_override_bookmark_settings":[],"jnews_override_counter":[],"footnotes":""},"categories":[2],"tags":[25211,371,4309,25210,25212],"class_list":["post-121617","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national","tag-entrepreneurs","tag-fg","tag-isa-pantami","tag-nigeria-startup-bill","tag-nigerian-communications-communication"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.8 (Yoast SEO v27.8) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>FEC okays startup bill \u2018to provide enabling environment\u2019 for entrepreneurs<\/title>\n<meta name=\"description\" content=\"The federal executive council (FEC) has approved the Nigeria startup bill to provide a conducive environment for entrepreneurs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.withinnigeria.com\/news\/2021\/12\/16\/fec-okays-startup-bill-to-provide-enabling-environment-for-entrepreneurs\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FEC okays startup bill \u2018to provide enabling environment\u2019 for entrepreneurs\" \/>\n<meta property=\"og:description\" content=\"The federal executive council (FEC) has approved the Nigeria startup bill to provide a conducive environment for entrepreneurs. This was disclosed on\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.withinnigeria.com\/news\/2021\/12\/16\/fec-okays-startup-bill-to-provide-enabling-environment-for-entrepreneurs\/\" \/>\n<meta property=\"og:site_name\" content=\"NEWS PICKS \u2014 WITHIN NIGERIA\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/facebook.com\/withinnigeria\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/SodiqAdewaleChocomilo?mibextid=ZbWKwL\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-16T05:54:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.withinnigeria.com\/news\/wp-content\/uploads\/sites\/5\/2021\/12\/adewale_chocomilo\/2021\/12\/16\/fec-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"995\" \/>\n\t<meta property=\"og:image:height\" content=\"613\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Sodiq Lawal Chocomilo\" \/>\n<meta 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