Lagos State Governor, Babajide Sanwo-Olu, has committed to positioning the state as a leader in Nigeria’s ambition to achieve a $1n economy by 2030, leveraging innovation, technology, and strategic collaborations.
Speaking at the opening of the GITEX Nigeria Tech Expo and Future Economy Conference 2025, he emphasised Lagos’ role as a cornerstone of Africa’s digital transformation.
At the event, Sanwo-Olu highlighted that Lagos is home to 23 of Nigeria’s fastest-growing companies, as recognised by the Financial Times, driven by a dynamic innovation ecosystem supported by progressive policies, private sector investment, and a thriving startup culture.
“We’re not just showcasing technology today; we’re forging partnerships and igniting innovation to propel Nigeria toward its $1 trillion economic target,” he stated.
Sanwo-Olu’s target is coming on the heels of President Bola Tinubu’s ambition to turn Nigeria into a $1trn economy.
The governor noted that Lagos currently hosts 23 of Nigeria’s fastest-growing companies, as identified by the Financial Times, adding that the state’s vibrant innovation ecosystem is powered by supportive policies, private enterprise, and a resilient startup culture.
The GITEX Expo, organised by the Lagos State Government in partnership with KAOUN International, the Federal Ministry of Communications, Innovation and Digital Economy, and the National Information Technology Development Agency, is one of the largest gatherings of global and local tech leaders. Participants include IBM, Meta, MTN, AWS, Cisco, and a wide array of Nigerian startups.
“Lagos is not just a city; it is a movement,” Sanwo-Olu declared, urging innovators and stakeholders at the expo to seize opportunities, connect, and create a future that will position Nigeria — and Africa — as global leaders in the digital economy.
Sanwo-Olu praised the Minister of Communications, Innovation, and Digital Economy, Dr. Bosun Tijani, for his leadership in advancing artificial intelligence infrastructure and inclusive digital solutions that are reshaping Nigeria’s global tech standing.
In his remarks, Tijani stressed the urgency of strengthening digital infrastructure to meet Lagos’ rapid urban growth, noting that the city attracts about 2,000 new residents daily. He announced a new government-backed programme set to launch on October 1, which will fund 75 additional digital research projects, deepening collaboration between Nigerian researchers, entrepreneurs, and the diaspora.
The minister also emphasised the need for partnerships among startups, corporates, and government to scale innovation and build resilience across Nigeria’s digital ecosystem.
