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Senate passes Tech startups bill for second reading

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The Senate has passed the bill seeking to advance technology-based start-ups in Nigeria for second reading on Wednesday.

The bill passed second reading after Senate Leader,  Abdullahi Yahaya, led a debate on the general principles of the bill.

President Muhammadu Buhari had asked the National Assembly to pass the bill seeking to establish a council for digital innovation.

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Deputy Leader of the Senate, Ajayi Borrofice, while contributing to a debate on the bill, said it was imperative because it would create the needed atmosphere for start-ups to thrive.

He noted that when passed and assented to, it would unlock the potential of the country’s youths.

“I support this bill and recommend it for second reading. Micro, small and medium enterprises, MSMEs form the bedrock of industrial development in civilized countries and these enterprises emerge from start-ups,” Borrofice said..

Also, the deputy whip of the Senate, Sabi Abdullahi, said the bill would curb cybercrime in the country. Similarly, Senator representing Kogi West, Smart Adeyemi, said the bill would encourage the country’s youths who have brilliant ideas. He said: “I rise to support this bill.”

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