Saudi Arabia increases market access for Nigerians with startup passport | The Guardian Nigeria News - Nigeria and World News

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Nigeria’s startup ecosystem is expected to benefit immensely from the newly unveiled Startup Passport Initiative unveiled by Digital Cooperation Organisation (DCO), a Saudi Arabian-based multinational organisation.

The Startup Passport makes it quicker, easier and less expensive for startups to do business across borders, opening up potentially lucrative markets with a combined population of more than half a billion people.

The DCO is focused on 10 areas, which are access to connectivity, cross-border data flows, ethical use of technology, digital identity management, data pooling and user privacy, mobility of skilled ICT labour, accelerating start-ups and SMEs, adoption of emerging technologies, alignment on digital taxation and cooperation on R&D and innovation.

She disclosed that during LEAP 22, the DCO also endorsed Elevate50, an initiative launched to support 50,000 small to medium-sized enterprises over the next three years to sell their products online, adding, “supported by the Jordanian ecommerce platform MakanE, Elevate50 is projected to generate 5,000 jobs and specifically target businesses run by women and young people.”

Leading the Nigerian delegation at the event, the Minister of Communications and Digital Economy, Prof. Isa Pantami, said the DCO has been very supportive to Nigeria, stressing that they gave the country slot, pavilion and others for free at the event. The fund backs exceptional entrepreneurs, across the globe, including Nigeria to build transformative companies and solve some of the world’s toughest problems. Prosperity7 provides its portfolio companies with the funding and connections they need to scale and enter new markets to attain global reach.

 

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I’ll go sell kolanut there

Good news .

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