Lagos has been named the world's fastest-growing tech
city in 2025, according to the Global Tech Ecosystem Index 2025 by
Netherlands-based research firm Dealroom.co. The city leads the 'Rising Stars'
category, highlighting emerging markets demonstrating exceptional growth in
startup enterprise value and unicorn creation.
Key
Highlights from the Report
- Unicorn
Milestone: Lagos is home to five
unicorns—Interswitch, Flutterwave, Jumia, OPay, and Moniepoint—more than
any other African city.
- Exponential
Growth: The city's tech ecosystem valuation
has increased 11.6 times since 2017, despite Nigeria's broader economic
challenges.
- Global
Recognition: Lagos outpaced global contenders
like Istanbul and Pune, which ranked second and third, respectively.
Factors Driving Lagos' Tech Ascent
- Strategic
Location: Lagos serves as a major economic
hub in Nigeria, generating around 30-35% of the country's GDP and hosting
numerous multinational corporations and financial institutions.
- Innovation
Hubs: Areas like Yaba, often referred to as
"Silicon Lagoon," have become centers for tech startups and
innovation, attracting significant investment and talent.
- Government
Support: The Lagos State government has
implemented policies and initiatives to foster a conducive environment for
tech growth, including infrastructure development and support for
startups.
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