Lagos Startup Ecosystem Worth $9bn-Commissioner

By Mohammed Adekola

Lagos State Commissioner for Innovation, Science, and Technology, Tunbosun Alake, has said that the tech startup ecosystem in the State is now worth over $9 billion.

Alake disclosed this on Tuesday during Nigeria’s breakfast meeting with global investors at the ongoing GITEX Global tech expo in Dubai, United Arab Emirates.

Describing Lagos as the largest startup ecosystem in Africa, the Commissioner said the State currently houses over 2,000 technology startups that are contributing to the vibrant business landscape.

Speaking to investors and global tech leaders, Alake highlights the dynamic factors that have fueled Lagos’s growth, positioning it as a key innovation hub in the continent.

According to him, Lagos would be the fifth or sixth largest economy in Africa, if it were a country on its own.