Nigeria Approves Digital Economy Bill to Boost Private Sector Innovation

On September 5, 2025, Nigeria’s National Assembly passed the Digital Economy Bill, creating a regulatory framework to foster innovation in fintech, e-commerce, and tech startups. The legislation provides tax incentives, simplified licensing, and data protection standards, encouraging private investment in the digital economy.

Business leaders see this as a catalyst for private enterprise to drive public good: startups can create jobs, expand digital inclusion, and strengthen Nigeria’s global tech footprint while enjoying a secure regulatory environment.