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Technology experts have urged the federal government to do more to address the hurdles facing entrepreneurs in addition to the newly approved Startup Act.
DAILY POST recently learned this in an exclusive chat with Charles Iyoha, Executive Vice President and Partner of Hotspot Network Limited.
Responding to the opportunities and challenges facing Nigeria’s tech sector, Mr. Iyoha praised the resilience of Nigerian youth who strive despite the harsh economic realities.
He said the start-up law signed by President Muhammadu Buhari last October will bring many benefits to Nigerian youth, but Nigerians are waiting for its implementation.
“This law looks very good in theory and in theory. But the government still has a lot of work to do in this area. I can’t say much about this right now, as it has just been enacted into law, and we don’t know the impact in the tech sector yet.
“The truth is that start-up/entrepreneurship is very difficult in Nigeria. , Lack of primary education in tertiary institutions – we are not training our students to be entrepreneurs, they are taught how to get a job after graduation Start and run a small business Start training kids in high school on how, this action will go a long way toward changing current thinking and making the next generation entrepreneurs.
“That said, I applaud the resilience of Nigerian youth. This marks the first step towards the drafting and enactment of this law by the government, but much needs to be done to remove the obstacles and roadblocks that have always plagued startups in Nigeria. I have to,” he said.
The Startup Act is expected to stimulate the Nigerian tech space through capitalization through the provision of seed funding to tech entrepreneurs by the Nigerian Sovereign Investment Authority.
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