Connect with us

Tech

Pantami urges startups to take ownership of existing policies for ecosystem consolidation

Published

on

New NITDA Logo

Professor Isa Pantami, the Minister of Communications and Digital Economy, has challenged startups and innovators in the Nigeria ecosystem to take ownership of existing policies to further consolidate and enhance the success of the ecosystem.

Pantami gave the charge when he met with indigenous innovators in Lagos, to explore avenues of developing the Ecosystem to further drive the digital economy agenda.

At the interactive session organized by the National Information Technology Development Agency (NITDA), themed; Fostering an Enabling Environment for Start-up Growth, the Minister disclosed that the objective of the session was to understand first hand, what the ecosystem requires from the government in order to thrive.

“The importance of a vibrant, functional innovation ecosystem cannot be underscored and that is why we have taken deliberate steps to organize this interactive session specifically, to address certain pertinent issues.

Firstly, how to consolidate our ecosystem, secondly to understand the market and its challenges thirdly, to map our market and set targets, to strengthen our networking strategies and more importantly, collaborating and partnering with government.

This is key to the success of our ecosystem because government has a major role to play in providing an enabling environment”.

The Minister emphasized that the Federal Government is open and willing to suggestions on what it can do to further ensure the success of the ecosystem.

He said, “If there are challenges in implementing any of the policies which we have put in place for the sector to thrive, please let us know”.

He cited the National Startup Bill, the National Council for Digital Innovation and Entrepreneurship, the National Policy for the Development of Indigenous Content in the Telecommunications Sector among others, as examples of government’s commitment to enact and implement policies that enable the ecosystem.

Pantami disclosed that incentives like grants, tax and fiscal incentives, startup labelling, seed funding for startups, tax holidays have been provided for, in the plan to provide the necessary support by government.

He noted that Nigeria as the largest digital economy in Africa which is in the process of deploying fifth generation networks (5G), the immense human potential and the necessary collaborations and partnerships between government and the ecosystem, the country will in no time take its pride of place as the continent’s technology giant.

Pantami mentioned that the presidency is ready to make sure the bill meets excellent execution. He commended, “the work of the startup ecosystem for pushing Nigeria to become the largest digital economy in Africa and it’s time to work closely together to achieve greater hallmark.”

Speaking on NITDA’s effort on addressing skills set in the country Inuwa Kashifu Abdullahi, director general, National Information Technology Development Agency (NITDA) said: “As honorable minister of Communications and Digital Economy normally used to say “we make skills not certificate” because we sponsor people abroad for MSC and PHD programs, most of them refused to come back to the country, those that come back will be a liability to the country looking for jobs.

“Instead of that, why not build skills to create jobs? Then honorable minister directed we should come up with scheme called Technology Innovation and Entrepreneurship Support scheme. It is a scheme design to identify talented startups of youths with ideas, place them in developed hubs for training and incubation and at the end we have what we called startups Vouchers we give them that will help them as seed funding to develop their products and services.

“We started last year and we still have challenges and this is the reason why we are here today to talk with you to see how we can make it better.

“We have also conceptualized another idea called HiFiV which we want to go to universities, set up centers for excellence for entrepreneurial capacity building that will help develop entrepreneurship as well as help our students right from the universities to start thinking of starting their own business.

“We are partnering with Central Bank of Nigeria (CBN) on this and starting with six universities across the six geopolitical zones and we are talking with CBN to see if they can build a center in each state that will help to address that.

“On funding, we realized that there are some many funding and incentives but mostly you don’t know them because there is a disconnection between the government and the ecosystem. So, we are working with Lagos Business School to develop all existing government incentives which we are going to socialized with you to see how you can benefit from it.”

Author

Add your voice

0 comments

People reading currently

FuturizeU supports development of innovative healthcare products in Africa FuturizeU supports development of innovative healthcare products in Africa
Social Entreprenuership2 weeks ago

FuturizeU supports development of innovative healthcare products in Africa

Futurize and AstraZeneca are investing in social entrepreneurs who are developing innovative products that are addressing healthcare equity and early...

Banjul International Airport in Gambia Banjul International Airport in Gambia
Dev. Finance2 weeks ago

Saudi Fund for Development advocates Climate Change Mitigation, Social Infrastructure Investments in Africa

  The Saudi Fund for Development (SFD) has advocated for the preservation of heritage projects in Africa through initiatives such...

Catalyst Fund Team Catalyst Fund Team
Climate & Environment3 weeks ago

Catalyst Fund Raises First Round of $40 million investment in African Climate Startups

The Catalyst Fund has achieved the initial close of its $40 million fund for investing in climate startups in Africa....

Paystack CEO, Shola Akinlade, buys majority stake in Aarhus Fremad Paystack CEO, Shola Akinlade, buys majority stake in Aarhus Fremad
Sports6 months ago

Paystack CEO, Shola Akinlade, buys majority stake in Aarhus Fremad

A Danish football club, Aarhus Fremad announced on Tuesday that it has sold  55 percent of its shares to the...

MRI is increasing survival rate of women with breast cancer- PPC MRI is increasing survival rate of women with breast cancer- PPC
Climate & Environment6 months ago

MRI is increasing survival rate of women with breast cancer- PPC

PPC Limited, Nigeria’s leading engineering and infrastructure development company with footprints across Nigeria’s healthcare landscape, says that the advancement of...

Adeleke versus Oyetola Adeleke versus Oyetola
Policy & Regulation6 months ago

Appeal court upholds Senator Ademola Adeleke’s win in Osun

The Court of Appeal Abuja has overturned the ruling of the Osun State Governorship tribunal and has declared Senator Ademola Adeleke...

Lawmaker demands revamp of bank e-payment platforms Lawmaker demands revamp of bank e-payment platforms
Dev. Finance6 months ago

Lawmaker demands revamp of bank e-payment platforms

The members of the House of Representatives have demanded that the Central Bank of Nigeria (CBN) direct banks to revamp...

CBN to destroy naira notes worth N6tn CBN to destroy naira notes worth N6tn
Economy6 months ago

We’ve disbursed N20bn to alleviate cash crunch, CBN tells NLC

The Central Bank of Nigeria (CBN) met with the leadership of the Nigeria Labour Congress (NLC) in Abuja on Thursday,...

 Apply for Amazon Accelerator programme for fintech founders  Apply for Amazon Accelerator programme for fintech founders
Opportunities6 months ago

 Apply for Amazon Accelerator programme for fintech founders

Application closes April 27, 2023 Today, Amazon Web Services’ Startup Loft Accelerator team announced the inaugural launch of its AWS...

Fully Funded Rotary Peace Fellowships for Masters students Fully Funded Rotary Peace Fellowships for Masters students
Fellowships6 months ago

Fully Funded Rotary Peace Fellowships for Masters students

Application Deadline: May 15, 2023 Each year, Rotary awards fully funded fellowships for dedicated leaders from around the world to...

Ad Blocker Detected!

Advertisements fund this website. Please disable your adblocking software or whitelist our website.
Thank You!

you're currently offline