Nigerian president signs new law to promote tech-based startups

STORY: Nigerian president signs new law to promote tech-based startups DATELINE: Oct. 20, 2022 LENGTH: 00:00:56 LOCATION: Abuja CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of Abuja 2. various of start-up companies in Nigeria 3. various of Nigerian President Muhammadu Buhari signing the Nigeria Start-up Act 4. various of Minister of Communications and Digital Economy Isa Pantami addressing the press at a briefing STORYLINE: Nigerian President Muhammadu Buhari on Wednesday signed into law an executive bill aimed to promote tech-based startups in the country. Minister of Communications and Digital Economy Isa Pantami said the Nigeria Start-up Act, signed by Buhari, will greatly benefit the country's economy while aiding start-ups to wade through the initial business challenges. Pantami said the new legislation would further provide for eligible start-ups in Nigeria, granting them access to a more than 22.8-million-U.S.-dollar government fund. The information communication technology sector in Nigeria h