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About
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About GEN
Operating in 200 countries to make it easier for anyone to start and scale.
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About GEN
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Global
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View a list of all our programs.
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Impact Reports
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GEN Atlas
Collection of public sector policies + programs to drive economic growth.
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GEN Atlas
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Events Calendar
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GEN Speakers Bureau
Commission-free directory of speakers for your next entrepreneurship event.
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GEN Community Directory
Searchable directory of GEN members representing 200 countries.
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No Bad Ideas
Card game designed to help turn your ideas into great ones – no mistakes.
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Events Calendar
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Events
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Overview
Brief summary of all GEN events + gatherings
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Global Entrepreneurship Congress
Global gathering of delegates shaping the future of entrepreneurship.
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GEC+
Regional or sector-specific deep-dives built off the GEC model.
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GEN Exchange
Virtual webinars for GEN community members to explore timely issues.
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GEN Meetup
Open-source model to hold your own ecosystem event.
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Startup Huddle
Chapters crowd-sourcing advice + support, one entrepreneur at a time.
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Startup Nations Summit
Gathering of policymakers on regulatory issues + innovative programs.
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Events Calendar
Find an entrepreneurship event near you.
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A CRITICAL EVALUATION OF THE NIGERIA STARTUP ACT 2022: STRENGTHS AND WEAKNESSES
The startup ecosystem in Nigeria has experienced a exponential growth in recent years. Leaving the generic concept of business and entrepreneurship to the very womb of incubation where it belongs. Added to this is a specified Act (The Nigeria Startup Act 2022) to aid properly this incubation. The provision of this Act comes with strength especially in the arear of comprehensive regulatory framework to support and structure Nigeria’s fast-growing startup ecosystem, it also established a Startup Investment Fund aimed at financing startups, incubators, accelerators, and tech hubs, which promotes innovation and offers incentives including tax breaks and financial support for labeled startups, investors, and venture capitalists among many other strengths. With this also comes the weaknesses especially in awareness of the Act been limited primarily to major cities (Lagos, Abuja, Port Harcourt), leaving large parts of Nigeria. Also, the process for obtaining the startup label is slow, causing delays that hurt startups’ ability to access promised benefits quickly. Lastly, regulatory overlap, with multiple agencies involved (NITDA, NOTAP, CAC, NDPC, etc.), creates confusion and bureaucracy, hindering ease of doing business among many others.