How Lagos Innovation Bill May Incentivise Business Growth
Click on the video for the full interview.
The Lagos State Government is advancing its agenda for technological progress through the proposed Lagos Innovation Policy Bill, designed to provide incentives for both established companies and startups.
In a recent interview on CNBC Africa, Collins Onuegbu, Founder of Signal Alliance Technology Holding (SATH), and Sam Chidoka, Managing Director of Kairos Capital, shared their insights on this initiative.
Onuegbu underscored the indispensable role of government support in nurturing the tech ecosystem, emphasizing the imperative of infrastructure investment to sustain business growth. Additionally, he shed light on the challenges hindering Nigeria’s tech potential, such as FX volatility and capital flight.
Chidoka reiterated Onuegbu’s sentiments, emphasizing Lagos’s potential to spearhead Nigeria’s tech revolution. He stressed the significance of attracting investments and competing on a global scale. Signal Alliance Technology Holding views the Lagos Innovation Policy Bill as a significant stride towards fostering a vibrant tech ecosystem. With government backing and infrastructure enhancement, Lagos is poised for substantial technological advancement and business expansion.