The Federal Government yesterday said about N10billion has been set aside yearly for the implementation of activities that would boost the start-ups industry.

The Minister of Communications and Digital Economy, Prof Isa Pantami, made this known this during the inauguration of Nigeria Start-ups Act 2022 Implementation Committee to encourage young innovators take advantage of the opportunities in the Act ,which was signed by President Muhammadu Buhari on October 19, last year.

The Committee was inaugurated at the Digital Economy Complex, Mbora, Abuja.

Pantami said the Committee has the responsibility to hit the ground running given  that the implementation of the Act commenced since the President assented to the Bill.

“We have commenced implementation of the contents of the Act internally. Looking at it from the beginning, the processes for implementation began with gazetting it, ensuring that financial and technical issues are taken care of, getting a secretariat for its works and seeking judicial and legal guidance for its successful implementation.

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