The rapid emergence of startups in Nigeria is catalyzing the ability of the nation to enhance its productivity, generate employment, and appeal to international consumers and investors. In order for these emerging enterprises to serve as true engines of economic growth, government must play a role in creating an enabling environment that allows these businesses to thrive. This includes:
Policies and regulations that lower barriers to entry in the market (tax, subsidies, preferential regulation, investment capital, etc)
Quality education systems to meet market demands
Access to global markets and supply chain
Business support services
Education and workforce development
In Lagos specifically, government has been playing a pivotal role in co-creating the future with the private sector and with universities. Here we discuss break-throughs and set-backs.
