• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Friday, August 29, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Lagos Venture Capital Inflow Increases By 120%

Lagos

The Matters Press by The Matters Press
December 13, 2022
Reading Time: 1 min read
0
Death toll in building collapse hits 36 as governor sets up probe panel

Venture capital investment into Lagos state has increased to over 120 per cent within three years, resulting to about $1.5 billion in investment from different Start-ups in the state.

RELATED POSTS

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

Tinubu succeeding where Obasanjo failed woefully, says TMSG

The special advisor on Innovation and Technology, Lagos state, Olatubosun Alake, who disclosed this at the Art OF Technology (AOT) Lagos 4.0, with the Theme “Talent Acceleration and a Smarter Lagos”, in Lagos, said this achievement has made Lagos state to emerge as the number one Start-Up investment capital in Africa, in terms of volume, adding that the state is the key economic driver for Nigeria.

Alake disclosed that about 107 technology Start-ups have raised funding in Lagos to the tune of $750 million in 2022, adding that between 20,000 and 50,000 people are employed by different Start-ups across the innovation sector.

The special advisor attributed this success to the hub and co-working spaces that have been put in place by the state government to incubate and accelerate the Start-ups in the sector.

“We also have the university initiatives, local and foreign investment which have been driving growth in the ecosystem,” he added.

In the same vein, the deputy governor of Lagos state, Dr. Kadri Obafemi Hamzat, disclosed that the state recorded over 2000 Start-ups creating and contributing value across Fintech, Agritech, Construction and Health among others, adding that all these point to an open and enabling environment for the growth and proliferation of entrepreneurial activity within the technology ecosystem.

Tags: Lagos
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Nigeria regains top crude oil production spot in Africa
Energy

‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals

August 28, 2025
Who is lying, Obasanjo or NAN?
News

‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient

August 28, 2025
Obasanjo campaigns for AfCFTA
News

Tinubu succeeding where Obasanjo failed woefully, says TMSG

August 28, 2025
Tinubu explains mission as he marks second year in office
Economy/Technology

‎Tinubu in fresh ideas to grassroots-development using 8,809 wards initiative – TMSG ‎

August 9, 2025
Obi, PDP candidate advises Buhari to increase tempo
Economy/Technology

‎Obi’s One-Term Proposal, a gambit to grab power at all costs -Group ‎

August 7, 2025
Importers face delays, higher costs on Red Sea woes
Economy/Technology

National Single Window initiative, a major step for efficient cross-border trade – TMSG

August 4, 2025
Next Post
South Africa in load shedding to manage dip in power

Nigeria pledges to meet 30 gigawatts energy target by 2030

Facts to know about Stamp Duty

Facts to know about Stamp Duty

Recommended Stories

WTO postpones conference due to pandemic travel restrictions

WTO postpones conference due to pandemic travel restrictions

November 28, 2021
SEC frowns at resurgence of Ponzi schemes

Money laundering irks SEC

April 14, 2023
Increasing child marriage worries Nigerians

Increasing child marriage worries Nigerians

November 15, 2021

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • ‎TMSG welcomes halt in oil theft on pipelines taking crude to export terminals
  • ‎Group dismisses Obasanjo’s labelling of Tinubu’s administration as inefficient
  • Tinubu succeeding where Obasanjo failed woefully, says TMSG

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us