Lagos Gets $22m Boost for Digital Infrastructure
Lagos State has attracted $22 million in foreign direct investment (FDI) commitments as it intensifies efforts to build one of Africa’s most advanced digital infrastructure networks.
The investment, secured through the Lagos State Infrastructure Maintenance and Regulatory Agency (LASIMRA), is expected to drive the expansion of fibre-optic connectivity, improve broadband access, and support the state’s growing smart-city ambitions.
Speaking during the 2026 Ministerial Press Briefing in Alausa, Ikeja, the Special Adviser to the Governor on Infrastructure, Engr. Olufemi Daramola, said the funding represents a major boost to Lagos’ vision of becoming a leading technology and innovation hub on the continent.
According to him, the investment will support the deployment of high-capacity fibre infrastructure across key locations in the state, strengthening internet connectivity for businesses, government institutions, and millions of residents.
Daramola revealed that LASIMRA has also facilitated the rollout of approximately 30,000 kilometres of 28-way fibre duct infrastructure along strategic corridors, significantly expanding on the state’s existing fibre network. The project is designed to meet rising demand for digital services, cloud computing, fintech operations, and emerging technologies.
The infrastructure push forms part of a broader strategy by the Lagos government to create a resilient digital ecosystem capable of attracting global technology companies and supporting long-term economic growth.
Beyond securing fresh foreign investment, the agency reported a 300 percent increase in internally generated revenue, driven by improved regulatory processes, digitalised permit approvals, and enhanced compliance monitoring within the telecommunications sector.
As part of its smart-city programme, Lagos has continued to deploy Geographic Information System (GIS) technology to map and monitor telecommunications infrastructure, while also advancing the installation of 5G-enabled smart poles across the metropolis.
Industry observers say the latest investment further reinforces Lagos’ status as Nigeria’s technology capital, a position strengthened by growing investments in fibre networks, data centres, broadband expansion, and digital innovation.
With internet demand rising rapidly and businesses increasingly relying on digital platforms, state officials believe the new investment will help bridge connectivity gaps, deepen digital inclusion, and position Lagos as a major gateway for technology-driven growth in West Africa.
