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VI
LCCI: Nigeria Needs Regulatory Coherence, Implementation Speed to Regain Africa’s Leading Tech Funding Destination
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THISDAYLIVE
Dike OnwuamaezeLagos Chamber of Commerce and Industry (LCCI) has stated that Nigeria needs regulatory coherence, consistent access to foreign exchange (FX), and accelerated implementation of Nigeria Start-up Act to regain its position as Africa’s leading digital investment destination.
“The lesson is unambiguous: infrastructure without capital, and capital without policy certainty, will not scale a single Nigerian tech champion into a continental one.”
“Multiple, overlapping levies, inconsistent forex access for tech payments, and slow implementation of the Nigeria Startup Act have continued to raise the cost of scaling relative to peer markets.
The president of LCCI emphasised that infrastructure must be treated as a public utility and not as a private luxury.
“We ask the government to match our urgency with implementation speed, and we ask this room of investors, founders, and operators to reinvest conviction, not just capital, in Nigeria.