Osun State Government Boosts Digital Economy with Waiver of ROW Fees and Localisation of Startup Act

The government of Osun state has taken a significant step towards promoting the growth of the digital economy by waiving the Right of Way (ROW) fees and localising the startup Act. This move is aimed at attracting tech startups and entrepreneurs to the state and creating an enabling environment for innovation to thrive.

The announcement was made by the governor of Osun state, Ademola Adeleke, who stated that the decision to waive the ROW fees was part of a broader digital economy policy aimed at improving the ease of doing business in the state. The governor further noted that the move was necessary to make Osun state more competitive and attractive to tech startups and entrepreneurs.

Right of Way(ROW)

The Right of Way (ROW) fees refer to the fees paid to the government for the use of public land or property for laying communication cables or other infrastructure needed for digital services. The cancellation of these fees is a major boost for the tech industry in Osun state as it would reduce the cost of setting up and operating digital services, making it more affordable for startups and entrepreneurs.

Localizing the Startup Act

The localisation of the startup Act is another important step towards creating a conducive environment for innovation and entrepreneurship in the state. This means that the laws and regulations governing the establishment and operation of startups in Osun state would be tailored to meet the specific needs of the tech industry.

The localisation of the startup Act is expected to provide startups and entrepreneurs with a clearer understanding of the legal framework within which they can operate, making it easier for them to comply with the rules and regulations guiding the industry. This, in turn, would create a more secure and stable environment for tech startups and entrepreneurs to thrive, thus attracting more investment and creating job opportunities.

The government of Osun state's decision to waive the ROW fees and localise the startup Act is a bold and commendable move towards creating a more vibrant and competitive digital economy. This move would not only attract more startups and entrepreneurs to the state but would also position Osun state as a leading destination for innovation and technology in Nigeria.

The government of Osun state has taken a significant step towards promoting the growth of the digital economy by waiving the Right of Way fees and localising the startup Act. This move is expected to create an enabling environment for innovation to thrive and attract more investment to the state. It is a commendable move that would go a long way in positioning Osun state as a leading destination for innovation and technology in Nigeria.