Lagos tech scene hits $15.3b, startups drive the buzz

Lagos officials are claiming their tech scene hit 15.3 billion dollars in value, and Commissioner Olatunbosun Alake said the state grabbed around 6 billion in startup funding from 2019 through 2024. That cash represents over 70 percent of what Nigeria pulled overall, and Lagos apparently hosts somewhere between 80 and 90 percent of the roughly 2,000 tech startups that popped up recently.

Deputy governor Kadri Obafemi Hamzat mentioned they want to double the share of tech and innovation in the economy by 2030, and the government already threw almost 2 billion naira at food innovators and researchers. More than 75 startups across fintech, agritech, and climate tech got grants.

The Art of Technology conference just wrapped its seventh year, and they had Sara Sabry show up for a chat. She became the first African woman astronaut after beating out 4,000 people. The Lagos Innovation Bill is getting close to becoming law, which would basically lock innovation into the state's economic playbook.
 

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