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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 news analyst, Mahmud Jega, has shared his opinion on the recent airstrike carried out by the United States in Nigeria, stating that Nigerians should not blame President Bola Tinubu for the incident.
Jega made this statement during a recent interview, where he said he does not believe many people will hold the Tinubu administration responsible, as Donald Trump had issued threats against Nigeria long before Tinubu’s administration.
“No, I don’t think many people will blame the Tinubu administration for what is happening now because President Donald Trump, when he first made the threats, it was clearly not in coordination with the Tinubu administration or the government of Nigeria,” Jega said.
It has been reported that the United States carried out an airstrike targeting ISIS in the northwest region of Nigeria. The order was reportedly given by former U.S. President Donald Trump.
“Tonight, at my direction as Commander in Chief, the United States launched a powerful and deadly strike against ISIS terrorist elements in northwest Nigeria,” Trump said.
He added, “I have previously warned these terrorists that if they did not stop the slaughtering of Christians, there would be hell to pay, and tonight, there was.”
The Federal Government of Nigeria has officially declared the holiday dates for the festive season.
Thursday, December 25 will be observed as Christmas Day, December 26 as Boxing Day, and Thursday, January 1 as New Year’s Day.
The declaration was made by the Permanent Secretary of the Ministry of Interior, Dr. Magdalene Ajani. He also added that Nigerians should celebrate the holidays in faith and pray for the nation.
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