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Lagos Seeks Global Investment for $9 Billion Startup Ecosystem
The Lagos State Government is partnering with the Dubai World Trade Centre to attract global investors to its growing startup ecosystem, worth $9 billion. During meetings in Dubai, Deputy Governor Obafemi Hamzat and Commissioner for Innovation, Science, and Technology, Tunbosun Alake, discussed strategies to draw international investments ahead of GITEX Nigeria 2025, a tech event expected to boost Nigeria’s economy by $25 million.
Alake highlighted that Lagos is home to over 2,000 tech startups, including successful companies like Flutterwave and OPay, with fintech making up about 40% of the industry. He encouraged potential investors to seize opportunities in Lagos, which has a skilled workforce and innovative ideas.
The 2024 Startup Index ranked Lagos 70th globally among top startup cities, making it one of only two African cities in the top 100. Alake expressed optimism about recent growth, supported by new regulations like the Startup Bill, and invited stakeholders to join Lagos’s entrepreneurial journey. LohMirmand emphasized Nigeria’s importance as Africa’s largest AI market and its role in the global tech landscape.
Nigerian pastor and overseer of the Citadel Global Community Church, Pastor Tunde Bakare, addresses and reacts to the current happenings of the country regarding the kidnapping and the abductions.
The pastor urges the government on steps they can take to solve and help the people of the country. “The Nigerian government has a clear and urgent duty to protect these Middle Belt communities, who have carried the weight of violence for far too long.”
“Rather than play the ostrich and cover up clear terrorism as mere farmer-herder clashes, the Nigerian state has a responsibility to invade the camps of armed marauders who hide under the cloak of herdsmen of whatever ethnicity, and who invade defenceless communities and gleefully massacre unarmed men, women and children.”
US President Donald Trump criticizes the Nigeria government once again after the increase of insecurity over the past few days. The president stated that the government is failing to protect Christian communities from the attacks going on.
“Nigeria is a disgrace. The whole thing is a disgrace,” Trump said. “They’re killing people by the thousands. It’s a genocide, and I’m really angry about it. And we pay, you know, we give a lot of subsidies to Nigeria. We’re going to end up stopping.”
Former Vice President Atiku Abubakar speaks out against the rising insecurity in the country. He urged the government to take action and claimed that it is not too late to declare a state of emergency.
He reacted after another news of abduction of students was announced on the 21st of November.
“How many more lives must be shattered before decisive action is taken? It is not too late for the government to finally declare a state of emergency on insecurity and confront this menace with the urgency it deserves.”
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