Lagos State governor highlights city’s digital sector
WASHINGTON D.C., UNITED STATES — Lagos State Governor Babajide Sanwo-Olu urged investors to continue investing in the Nigerian city due to its digital technology and innovation success.
During the US-Nigeria Council in Washington D.C., Sanwo-Olu said the city is the “right place for investments” in FinTech, EdTech, Health-Tech, Business Process Outsourcing (BPO), talent training and placement, and data centers.
“We have the market, we have the talent, we have the enabling environment, we have the physical infrastructure, all in place.”
The governor also called Lagos the “Fintech Capital of Africa,” where companies like Flutterwave, Paystack, and Interswitch were birthed.
He added that four of Africa’s seven unicorn companies originated from Lagos. These four are reportedly responsible for US$7.5 billion of the US$11.45 billion in the total valuation of African unicorns.
Further, Sanwo-Olu said they are partnering with the Federal government of Nigeria and the private sector to develop Lagos’ National Theatre into a “world-class creative and tech park.”
“Digital Transformation is a key priority for us, introducing digital tools to re-imagine and underline everything we do as a government, from our internal operations to our interactions with the public…”
“Lagos will continue to be in alignment with the ruling party at the center, which we have enjoyed for the last eight years, and which has been transformational for us in various ways,” Sanwo-Olu concluded.
