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Lagos Seeks Global Investment for $9 Billion Startup Ecosystem

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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.


 

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“Nigeria Is Safer Than 10 Years Ago” – Seyi Law Backs Tinubu’s Administration

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Nigerian comedian Seyi Law takes to social media as he defends President Bola Tinubu. The comedian stated that the president has done a lot in his administration and claimed that Nigeria is safer and economically sound under his administration.

He then compared how things now to past years under the administration of others, and shared how things were bad. He claimed that now the economy is stabilized.

“Nigeria is safer now than 10 years ago. This government has killed more bandits than any government in Nigeria since the time of Jonathan. When last have you heard of bomb blast in Nigeria?”


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Fire Incident Reported at Murtala Muhammed Airport

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It has been reported that fire occurred at the Murtala Muhammed International Airport, Lagos (MMIA), Terminal 1. This fire incident occurred on Monday, 23rd of February, 2026.

Passengers at that terminal were spotted running away for safety after seeing the fire and the alarm.

The Federal Airports Authority of Nigeria (FAAN) released a statement and shared that no life was lost and people were saved and avoided danger.


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Kano State Shuts Down Entertainment Centres Over Ramadan Fast

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It has been reported that Kano State has closed down all entertainment spots across the state. This was stated to happen because of the ongoing Ramadan fast.

The federal government shared that the new law will take place from 18th of February, 10 pm, till the last day of Ramadan. This is in order for the people participating in it to truly focus on the fast.


 

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