
The State of Innovation in Lagos
In September 2025, Lagos stood as the backdrop for GITEX Africa, marking a significant milestone for the continent’s burgeoning startup ecosystem. Governor Babajide Sanwo-Olu's dream of hosting this esteemed event has culminated in a spectacle showcasing over 600 startups, with discussions revolving around resilience—a buzzword often used to describe the tenacity of Nigerian entrepreneurs.
Resilience: A Double-Edged Sword
Speakers emphasized resilience as a badge of honor for Nigerian founders, yet it's increasingly perceived as a double-edged sword. During the panels, CEO Olu Olufemi-White candidly stated that the community is fatigued by the overuse of this term. While resilience highlights the strength of Nigerian startups to succeed under adversity, it also underscores a troubling reality: the need for structured support.
The Call for Government Action
Many stakeholders, including NITDA's CEO Kashifu Inuwa, expressed that innovation in Nigeria needs more than just resilience—it requires a shift towards investment and government backing. Suggestions for the establishment of a federal innovation fund echoed through the conference halls, aiming to signal trust to investors and foster growth. “When the public sector moves, private capital follows,” noted Olufemi-White—a call to action resonating with many.
The Potential of the Tech Landscape
Nigerian startups have already begun to attract foreign capital, with $410 million raised in 2024. This potential brings hope for a flourishing tech ecosystem. However, without proactive governmental support, this optimism might not fully materialize. Iyinoluwa Aboyeji of Future Africa argued that government investment isn't just altruistic; it's a profitable venture that can reshape Nigeria's economic landscape.
Why Your Investment Matters
For tech entrepreneurs, investors, and industry leaders, understanding the dynamics of Lagos’ tech scene is crucial. The resilience narrative, while compelling, needs supplementary support from the government to convert potential into prosperity. As we chart the future of AI and fintech in Africa, it becomes increasingly clear that a cooperative approach between public institutions and private innovators is essential for true advancement.
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