Lagos $1 trillion economy ambition by 2030 gains traction as Sanwo-Olu unveils innovation and tech-driven plans at GITEX Nigeria Tech Expo 2025

The Lagos $1 trillion economy ambition took center stage as Governor Babajide Sanwo-Olu pledged to harness innovation, technology, and strategic collaborations to make Lagos a driver of Nigeria’s economic transformation by 2030.

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Speaking at the opening of the GITEX Nigeria Tech Expo and Future Economy Conference 2025, Sanwo-Olu described Lagos as the cornerstone of Africa’s digital revolution.

He noted that the state is already home to 23 of Nigeria’s fastest-growing companies, as ranked by the Financial Times, thanks to a thriving innovation ecosystem fueled by private sector investment, supportive policies, and a dynamic startup culture.

“We’re not just showcasing technology today; we’re forging partnerships and igniting innovation to propel Nigeria toward its $1 trillion economic target,” Sanwo-Olu declared.

The governor’s vision aligns with President Bola Tinubu’s national agenda to build a $1 trillion economy, reinforcing Lagos’ role as Nigeria’s economic powerhouse.

The GITEX Expo, hosted by the Lagos State Government in partnership with KAOUN International, the Federal Ministry of Communications, Innovation and Digital Economy, and NITDA, attracted global tech giants including IBM, Meta, MTN, AWS, and Cisco, alongside a vibrant pool of Nigerian startups.

Sanwo-Olu also lauded Dr. Bosun Tijani, Minister of Communications, Innovation, and Digital Economy, for championing artificial intelligence infrastructure and inclusive digital solutions.

Tijani, in his remarks, announced the launch of a government-backed programme on October 1 to fund 75 new digital research projects, aimed at connecting Nigerian researchers, entrepreneurs, and the diaspora.

Highlighting Lagos’ rapid urban growth — with 2,000 new residents arriving daily — Tijani stressed the importance of scaling digital infrastructure through partnerships among startups, corporates, and government.

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“Lagos is not just a city; it is a movement,” Sanwo-Olu concluded, urging innovators to seize opportunities and build solutions that will elevate Nigeria and Africa as leaders in the global digital economy.