National Act, Local Impact ⚖️
#208: Not all that fits one, fits all.
Hello Venturer,
Happy Friday! It also happens to be the last day of May. As we inch closer to the end of the first half of the year, it feels like a good time to reflect on progress. Who says you have to wait until the year's end? That’s why I recently switched up a few things on my vision board. When I created it at the beginning of the year, I wanted a clearer picture of the things I wanted to do this year. But sometimes, when the economy throws curveballs, our goals adjust. That’s why I like vision boards. They are like personalized roadmaps, completely customizable. It got me thinking about an interesting parallel happening in Nigeria's tech scene.
About two years ago, Nigeria’s former President Muhammadu Buhari signed the National Startup Act. Since then, 13 states have made moves to domesticate the Startup Act. This means tailoring the national provisions to each state's unique strengths and needs. Why is this happening? Will this be productive? What are the downsides? This week we discuss how states like Lagos are customizing the National Startup Act to supercharge their startup scene.
Suotunimi Orufa
Writer, Ventures Africa
What’s new?
Why Nigerian states are putting their spin on the National Startup Act
On October 19, 2022, Nigeria’s former President Muhammadu Buhari signed the National Startup Act. So far, 13 of 36 states have indicated an interest in domesticating the Startup Act. Read more.
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In the last weeks, South Africa’s upcoming election has been a focal point of discussions globally. The presidential election scheduled for May 29, 2024, is particularly observed by many for diverse reasons. Read more.
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Soft power - To attract, persuade, influence, and shape preferences through culture. Nigeria has effectively done this through entertainment. Our music, films, and content transcend borders, commanding global attention. As master storytellers, we leverage new technologies to amplify our cultural influence. Please read our latest magazine issue to learn more.
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