In a bid to encourage development, growth and investment in the Nigerian tech ecosystem, the Nigeria Startup Act 2022 introduced various tax and fiscal incentives for Start-up companies in Nigeria.
There is no doubt that tax incentives or fiscal incentives are provided by governments or their relevant agencies to encourage companies’ growth and as well investments in specific areas of the economic sector of a country.
In realizing this notorious fact and as well as in furtherance of the objectives for the enactment of the Nigeria Startup Act 2022, the Act has put in place several tax and fiscal incentives for labelled startup companies in Nigeria.
In this wise, we deem it necessary to bring out the notable but laudable provisions of the Act on tax and fiscal incentives available to Start Up companies in Nigeria.
