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TNW Conference Extols Nigeria’s Innovative Approach in Development of Startup Act

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Nigeria’s Innovative approach in the development of the Nigeria Startup Act was celebrated by the global technology ecosystem stakeholders during the Deep Tech Roundtable, held as part of ‘The Assembly’, one of the strategic sessions of TNW.

This year’s The Next Web (TNW) Conference was held from 15th to 16th June, 2023, at the Taets Art and Event Park, Amsterdam.

Kashifu Inuwa Abdullahi, CCIE, the Director General/CEO, National Information Technology Development Agency (NITDA), was in attendance as a Special Guest and participated in several roundtable sessions including ‘The Assembly’ and the Startup Genome Ecosystem Leadership Forum.

The DG who was represented by Dr Usman Gambo Abdullahi, Director, Information Technology Infrastructure Solutions, highlighted some of Nigeria’s initiatives focused on fostering the growth and development of the country’s startup ecosystem.

Inuwa informed that one key legislation co-created by ecosystem stakeholders, the Nigeria Startup Act (NSA), is an example of the country’s approach to Developmental Regulation, one of the pillars of the National Digital Economy Policy and Strategy for a Digital Nigeria (NDEPS).

That the NSA project, a joint initiative by Nigeria’s tech ecosystem and the Presidency driven by Federal Ministry of Communications and Digital Economy, was aimed at harnessing the potentials of Nigeria’s digital economy through co-created regulations.

That the objectives of the Act include, among others, to provide an enabling environment for the establishment, development and operation of startups in Nigeria; to provide a legal and institutional framework for the development of startups in Nigeria; to provide for the development and growth of technology-related talents; and to position Nigeria’s startup ecosystem as the leading digital technology centre in Africa, having excellent innovators with cutting edge skills and exportable capacity.

The DG further informed that the Act is made up of ten (10) parts which cuts across five (5) drivers, namely collaboration, engagement, incentives, linkages and support. That the Act intends to increase collaboration within Government and its interactions with ecosystem practitioners by the establishment of the National Council for Digital Innovation and Entrepreneurship.

That the Council will be presided over by the President as Chairman alongside representatives of the Federal Executive arm of Government, the Director General of NITDA as Secretary and representatives of the Nigeria Computer Society, the Computer Professionals Registration Council of Nigeria and the Startup Consultative Forum.

That the Council is to monitor and evaluate regulatory frameworks; formulate and implement policy guidelines, oversee the harmonisation of laws, and regulations for the development of startups in Nigeria.

That NITDA is to serve as the Secretariat of the Council with the DG to serve in a dual capacity of both the Secretary of the Council and the Head of the Secretariat.

Additionally, Inuwa highlighted the establishment of a Startup Support and Engagement Portal which is to serve as a ‘One-Stop-Shop’ for startups to register with all relevant regulatory Agencies of Government. This is aimed at saving time as well as associated costs when engaging the Agencies on individual basis.

It will also facilitate the improvement of the ease of doing business within the tech ecosystem, in line with the provisions of the Presidential Enabling Business Environment Council (PEBEC).

The NITDA Boss also highlighted the establishment of a Startup Investment Seed Fund, to be managed by the Nigeria Sovereign Investment Authority (NSIA).

The fund will target early-stage startups, hubs and other entities that support the startup ecosystem. That the fund is to be funded annually with a minimum of N10,000,000,000.00 (Ten Billion Naira) towards financing labelled startups and others as seed funds, grants or loans.

He also indicated that these and many other provisions of the Act present a promising future for startups in Nigeria. That Nigeria’s hope is for the Act to serve as a veritable tool towards fostering the development and sustenance of an enabling Startup ecosystem in the country.

He therefore called on stakeholders to support the Secretariat in realizing the potentials of the Act.

Stakeholders in attendance hailed Nigeria’s approach and opined that it is an excellent example of co-created regulation for others to emulate. Matt Smith, Director, Policy and Research, the Global Entrepreneurship Network (GEN), in his remarks, revealed that he has been following with keen interest the unprecedented developments in Nigeria’s Startup ecosystem.

That often, governments seeking to empower entrepreneurs tend find themselves developing and implementing a complex range of reforms, policies and programmes that cut across ministerial and departmental portfolios.

That without central coordination, it is easy for such reforms to stall due to limited legislative capacity, disagreements between responsible departments, or end up with duplicate or competing initiatives between departments.

That Nigeria’s innovative approach in the crafting of the Startup Act will no doubt minimize such pitfalls, offers a promising future for the country’s entrepreneurship ecosystem and is already inspiring similar startup acts around the world. He therefore said that Nigeria deserves commendation for this innovative approach.


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Lawyers Drags NLS to Court for Alleged Election Fraud, Data Violation

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Two Nigerian lawyers have sued promoters of the Nigerian Law Society (NLS) over allegations of electoral fraud and unlawful use of personal data.

Lawyers Drags NLS to Court for Alleged Election Fraud, Data Violation

The legal actions follow the recent election conducted by the NLS, a breakaway association formed as an alternative to the Nigerian Bar Association (NBA), to elect its national officers.

In one of the suits, marked FHC/ABJ/05/1506/2025 and filed before the Federal High Court in Abuja, a lawyer, Timothy Tersugh Ahua, is challenging the conduct of the election and the legitimacy of the electoral process.

Ahua named several NLS promoters, including prominent lawyers, as defendants.

They include Senior Advocates, Chief Mela Audu Nunghe, Dr. Ugoji Eze, Secretary of the NLS Electoral Committee, and Chief Bolaji, Chairman of the NLS.

Others named in the suit are Ferguson Chioma Blessing, Chief Emeka Ichoku, and Tejumola Adigun.

Citing provisions of the Federal High Court Civil Procedure Rules, Ahua is asking the court to declare that the NLS electoral process violated its constitution.

He is seeking a declaration that all unopposed candidates, including himself, be declared elected, as published by Dr. Tonye Clinton Jaja, the alternate Chairman of the NLS Electoral Committee.

Ahua claims he was duly nominated for the position of Secretary General but was unjustly excluded, accusing the defendants of hand-picking candidates in breach of the rules.

He further alleged that the exclusion caused him financial loss, reputational damage, and personal hardship, urging the court to correct what he described as a grave injustice.

In a separate suit before the Federal High Court in Abeokuta, another lawyer, Oluwadare Thomas, sued Chief Mela Nunghe, a Senior Advocate of Nigeria, Dr. Ugoji Eze, the Corporate Affairs Commission (CAC), the National Information Technology Development Agency (NITDA), and the Nigerian Data Protection Commission (NDPC), over alleged violation of his data privacy rights.

Thomas is asking the court to determine whether the use and publication of his personal data by NLS election officials without his consent amounts to a breach of Section 37 of the 1999 Constitution and the Nigeria Data Protection Act, 2023.

He also wants the court to consider whether the use of the NLS name for the election, despite a CAC notice and a pending suit, constitutes contempt of court and abuse of legal process.

He is seeking several declaratory and injunctive reliefs, including a court order restraining the continued use of his personal data and an order compelling NITDA and NDPC to investigate and sanction the respondents.

Thomas is also demanding N50m in compensation for the alleged unlawful processing and exposure of his personal information.


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NASRDA Celebrates Chief Owolabi Salis on His Historic Space Mission

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The National Space Research and Development Agency (NASRDA) has congratulated Chief Owolabi Salis on his successful space flight. He becomes the first person of Nigerian birth to travel to space.

Chief Salis privately funded his space mission, demonstrating the deep interest of Nigerians to participate in scientific, exploratory, tourism and commercial space activities. His achievement highlights new opportunities for private sector engagement in space Program.

This milestone brings significant international attention to Nigeria’s space program, capabilities, while positioning the nation among countries where citizens actively participate in space activities.

In a statement signed by Dr. Felix Ale, director, Media and Corporate Communications, NASRDA, stated that chief Salis’s successful mission represents one pathway for Nigerian space participation. “His achievement complements NASRDA’s ongoing efforts to expand access to space exploration for Nigerian citizens.

“NASRDA received notification of Chief Salis’s mission through our partner organization, Space Research and Exploration Agency (SERA), prior to the flight. His success demonstrates the expanding opportunities now available to Nigerians in the space sector.

“However, it must be emphasized that the NASRDA-SERA collaborative mission, announced in June 2024, remains on course for an upcoming Blue Origin flight. This program represents a different pathway, providing opportunities for broader Nigerian participation through open competition.

“Our collaborative mission will enable Nigerian citizens to participate in astronaut selection and contribute to the development of research proposals. Eligibility extends to all Nigerian citizens aged 18 and above through transparent, merit-based selection criteria.

“Research priorities for the NASRDA-SERA mission will also be determined through public input from Nigerian citizens. This approach ensures the mission addresses national priorities identified by Nigerian citizens,” the statement added.

The application portal for the NASRDA-SERA program will open in the coming weeks. Detailed application procedures will be announced prior to the portal’s activation.

NASRDA celebrates Chief Salis’s contribution to raising awareness about space exploration opportunities for Nigerians. His private investment demonstrates the practical commitment of Nigerian citizens to advancing our national space participation.

Chief Salis’s achievement marks a defining moment for Nigeria’s space ambitions. Nigeria now has both private citizens and government programs actively pursuing space exploration, positioning the nation as an active participant in the global space   economy.

For additional information regarding NASRDA programs or the SERA collaborative mission, contact the agency’s Media and Corporate Communication Department.


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NIA Questions Legality of Reps’ Financial Probe

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The Nigerian Insurers Association has urged the House Committee on Capital Market and Institutions to respect the constitutional separation of powers as it carries out a probe on over 20 insurance firms.

In a statement on Tuesday night, the Director General/Chief Executive Officer of NIA, Mrs Bola Odukale, said the decision of NIA and the affected firms to approach the court was to seek clarity on the constitutional limits of the House Committee’s probe.

It would be recalled that the House of Representatives on Monday is investigating no fewer than 25 insurance companies operating in the country for various financial infractions spanning financial reporting, claims settlement, premium remittance, and issuance of policies.

The Chairman, House Sub-Committee on Capital Market and Institutions, Kwamoti Laori, during a meeting with the management of the insurance companies at the National Assembly Complex in Abuja, said the meeting was convened following the receipt of a petition on infractions by the insurance companies.

In the statement, Odukale said, “The Association wishes to state unequivocally that all actions taken by the NIA and the affected member companies in response to the Committee’s invitations and pronouncements were based entirely on legal advice by its Solicitors. It was on the firm instruction of legal counsel that recourse was made to the courts.

“The objective of approaching the Court is to seek judicial guidance on the legality, propriety, and constitutional limits of the Committee’s intervention in order to safeguard institutional integrity, uphold regulatory independence, and ensure that legislative oversight remains within the bounds of law.

“The Court action seeks to determine whether the current posture of the Committee reflects an exercise of legislative judgment, which, by constitutional design, is the exclusive province of statutory regulators, such as the National Insurance Commission, Securities and Exchange Commission, Nigerian Exchange, Financial Reporting Council, Nigeria Data Protection Commission, and the National Information Technology Development Agency.

“This raises serious questions about legislative overreach and an erosion of the doctrine of separation of powers, a cornerstone of Nigeria’s constitutional democracy.”

Odukale maintained that the NIA was committed to lawful and constructive engagement with all arms of government, provided that such engagement respects the autonomy of statutory regulators and the boundaries established by the Constitution.

“The NIA will continue to provide its full support to all member companies while upholding the principles of legal compliance and sector-wide integrity,” Odukale concluded.

17 of the companies that went to court were represented by their lawyer, Mr Abimbola Kayode, at the meeting with the committee.


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