Nigeria: Tax incentives for startup companies – KPMG United States – KPMG Newsroom

Nigeria Startup Act, 2022
Nigeria Startup Act, 2022
The president on 19 October 2022 signed the Nigeria Startup Act, 2022 into law following passage by the National Assembly. The law provides the legal and institutional framework for the development and operation of startups in Nigeria.
The law is divided into 10 parts, which address four key areas that technology entrepreneurs contend with: capital, regulations, infrastructure, and talent.
In addition, the law introduces specific provisions aimed at reforming identified legal, regulatory, tax, and administrative bottlenecks that have hindered the operations of startups in Nigeria.
The law also provides certain tax incentives:
Read an October 2022 report [PDF 2.35 MB] prepared by the KPMG member firm in Nigeria
 
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