Meaningful expansions and growth have drawn attention to the Federal Government of Nigeria on Nigeria’s potential to become an enabling environment for businesses.

Nigerian tech startups are raising larger seed rounds of investment and pursuing unique global ambitions to solve local and global problems than at any other time in the last decade. However, in the last 18 months, major regulatory events that suspended motorcycle-hailing and suspended cryptocurrency transactions through banks have been interpreted as setbacks to these remarkable innovations. 

In a recent report, a bill to regulate startup activities is being discussed by founders, investors and government representatives.

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One of the issues with these types of regulations is how sudden they are, seemingly without forewarning from the hammer bearers. They raise an unambiguous question: can startups really flourish in Nigeria?

To dispel such fears and sustain optimism about doing business in Nigeria, startup leaders are hoping that the startup bill works in their favour and helps promote stability and positivity in the Nigerian startup space.