The Nigerian government, through the Ministry of Communications, Innovation, and Digital Economy, plans to team up with the Nigerian Exchange Limited to encourage startups to go public on the new NGX Technology Board.
The Minister of Communications, Innovation, and Digital Economy, Bosun Tijani, called for more investments in these startups, saying Nigeria has been too cosy with oil, and it’s time to spice things up and boost productivity in other sectors.
He stated that his ministry will work to make this happen by creating fintech-friendly regulations, facilitating access to funding, improving digital infrastructure, and supporting the export of tech products and services—all factors that will enhance startups’ scalability and profitability.
The NGX has also promised to further soften listing rules and improve the board for startups.