Ifunanya Anamelechi, Zone’s VP of Legal, to teach business leaders how to win with regulation at Lagos Startup Expo 2.0
- Nigeria's startup ecosystem has faced account opening freezes and license revocations due to regulatory non-compliance.
- Businesses ignoring regulations risk multi-million naira fines and forced shutdowns.
- Understanding how to work with regulators is essential for survival in today's business environment.
The emphasis on regulatory compliance as a strategic advantage is crucial for startups, especially in rapidly changing environments. Founders should view regulations not merely as hurdles but as opportunities to differentiate themselves and build trust with stakeholders. This perspective could significantly enhance their long-term sustainability and competitive positioning.
