Lagos has emerged as the world’s fastest growing tech ecosystem, according to the 2025 Dealroom Global Tech Ecosystem Index, which benchmarks 288 tech hubs across 69 countries.
The prestigious ranking, released by Global Statistics and supported by data from Dealroom.co, places Lagos ahead of major international hubs including Istanbul, Pune, and Mumbai.
Global Stats11, described as a world renowned organisation that specializes in creating, sharing, and ranking data, statistics and infographics in sports, economics, and job growth, backed the release.
Lagos State is Africa’s leading tech hub, having attracted over ₦9.3 trillion, equivalent to $6 billion, in startup funding between 2019 and 2024. The state hosts 65 percent of Nigeria’s startups and nurtures 70 percent of Africa’s unicorns. Key sectors driving this growth include fintech, logistics, and AI, supported by Lagos Innovates under the Lagos State Employment Trust Fund (LSETF).
The ecosystem is currently valued at over $15 billion for 2025-2026, reflecting rapid expansion and positioning Lagos as a critical hub for African digital transformation.
The state government described the achievement as “a testament to the strategic vision of the Babajide Sanwo-Olu administration under the T.H.E.M.E.S.+ Agenda,” noting that the agenda prioritises digital transformation, innovation, and an enabling environment for tech industry growth.
Lagos Innovates under LSETF supports startups through infrastructure, workspace vouchers, and talent development programmes. Lagos features a dense ecosystem of hubs in Yaba, Ikeja, and Victoria Island and Lekki, where many startups focus on digital identity, cryptocurrency, and SME growth.
