Section 7 Nigeria Startup Act
Section 7 Nigeria Startup Act 2022 is about Functions and powers of the Council. It is under Part II (Establishment of the National Council for Digital Innovation and Entrepreneurship) of the Act.
(1) The Council shall —
(a) formulate and provide general policy guidelines for the realisation of the objectives of this Act ;
(b) give overall directions for the harmonisation of laws and regulations that affect a startup ;
(c) approve the programmes of the Secretariat established under this Act ;
(d) ensure the monitoring and evaluation of the regulatory framework to encourage the development of startups in Nigeria ;
(e) monitor and ensure the implementation of the policies and programmes of the Secretariat ;
(f ) support digital technological development through grants to persons, research institutions, and universities pursuing postgraduate programmes in the areas of science, technology and innovation ;
(g) make, alter or revoke rules and regulations for carrying out the functions of the Secretariat, subject to the provisions of this Act ;
(h) appoint a Council agent to carry out such functions as the Council may require ; and
(i) perform other functions as are necessary or expedient to ensure the efficient performance of the functions of the Secretariat and other bodies established under this Act.
(2) The Council shall have power to —
(a) review policies and directives of Ministries, Departments and Agencies (MDAs) which may affect the operation, establishment and investments in a startup ; and
(b) regulate its proceedings and make standing orders with respect to the holding of its meetings, notices to be given, the keeping of minutes of its proceedings and such other matters as the Council may determine.
