In many countries, including Nigeria, a change in government always precedes the implementation of new policies, modification and/or the overhauling of existing ones. This often translates into new responsibilities, opportunities for citizens, sectors and industries. So, what does this mean for you as a Nigerian entrepreneur? This article will focus on nine (9) focal points to note. They include: 1. Taxes This administration seeks to take the payment of taxes more seriously, so, if you haven’t started paying your taxes or your books aren’t in order, you should start planning to sort these out. The current government has proposed to review “the corporate tax system” and possibly create technological systems that’ll make it easier to collect tax, identify defaulters and sanction them. 2. Loans and Credits Does your business create employment opportunities for youths year-in, year-out? If yes, you might be entitled to tax credits, holidays and reduced interest rate loans. This government intends to provide these to businesses that hire a certain per cent of youth in their workforce and offer on-the-job training and mentoring for their young employees. 3. Industrial Hubs Industrial hubs focused on different aspects of production may be developed in different parts of the country to increase development and Gross Domestic Product (GDP). Furthermore, household items including dishes and pottery will be manufactured in cities or towns with clay. Regulated mining will also be implemented in the North West and North Central to control unlicensed gold mining activities. 4. Agriculture Are you in the agri-business sector? Then, this might interest you. Some of the intended developments in this sector include: 5. Education New accreditation standards and curriculum may be introduced into the Nigerian educational system. Peradventure you’re a primary, secondary or tertiary institution founder, you might want to start preparing for this possible change. 6. Health The health sector may experience an improvement in health research as the government aims to collaborate with the private sector to fund local research with 1% of pooled health insurance funds for new drugs, vaccines and disease epidemiology. 7. Digital Technology There’s a likelihood that startup founders will have increased access to financing as this administration proposes to “develop and implement innovative policies to support local funding opportunities and access to capital for start ups and encourage foreign investors to continue investing in Nigeria.” Moreover, blockchain and cryptocurrencies will undergo a reformation that will ensure effortless accessibility and use. 8. Entertainment and Culture This administration proposes to create a special investment fund for young entrepreneurs and businesses in the creative industries to easily access grants and affordable loans. It also seeks to launch a hospitality training program to equip young Nigerians with the skills and knowledge required to operate in the tourism and hospitality industry, and an animation hub for animators to foster idea creation and collaboration across diverse teams. 9. Youth Empowerment & Entrepreneurship Other specific plans for young Nigerian entrepreneurs include: To gain an in-depth overview of the specific plans of the new government for Nigerian entrepreneurs, download the manifesto here.