Lagos State Government has expressed readiness to construct the biggest technology cluster in West Africa.
This is in a bid to ramp up its intervention in provision of technology infrastructure and expand the tech space to accommodate more startups.
The tech ecosystem, which will be constrcted in Yaba, is being developed by the State Government in collaboration with Facebook and Google.
The State Governor, Babajide Sanwo-Olu disclosed this development on Wednesday, June 2nd, 2021 when he toured two major innovation and technology hubs within the State.
Accompanied by members of the State’s Executive Council, including Commissioner for Science and Technology, Hakeem Fahm, and Special Adviser on Innovation and Technology, Olatunbosun Alake, the Governor visited Venia Hub in Lekki and Impact Hub in Ikoyi, meeting scores of startups in the ecosystems for a roundtable discussion on expanding funding opportunities and infrastructure development.
Governor Sanwo-Olu said the Yaba Technology Cluster, called K.I.T.E., would be a free zone that would allow the growth of funding and financing for innovative ideas generated by entrepreneurs in tech industry and FinTech space, adding that the ecosystem would also offer free labs for the use of startups to take their innovations to from ideation to the next level.
K.I.T.E. is an acronym for Knowledge, Innovation, Technology and Entrepreneurship