Section 15 Nigeria Startup Act

Section 15 Nigeria Startup Act 2022 is about Issuance of a labelling certificate. It is under Part IV (Startup Labelling Process) of the Act.

(1) Where the Coordinator is satisfied that an applicant has complied with the requirements for labelling under this Act, the Coordinator shall —
(a) with the approval of the Secretariat enter the name and particulars of the applicant in the register of startups kept for that purpose ; and
(b) issue to the startup, a startup label.

(2) The certificate issued under subsection (1) shall, unless the contrary is proven, be conclusive evidence that the startup has —
(a) complied with all the requirements for labelling specified under this Act ; and
(b) been duly labelled, in accordance with this Act.

(3) A startup label shall be valid for a period of 10 years from the date of issuance.