Lagos State Government set to build BIGGEST TECH HUB In Yaba Nigeria
As shared on Facebook late hours 2nd of June 2021 by The Lagos State Govt, using her Tweet app handler announcing to Lagosian that The Lagos state government is set to build one of the Biggest Tech Hub in Yaba Lagos
In their voice, the State is in Talk with Facebook, Google to Deliver K.I.T.E Project by Sanwo-Olu Tours Lagos begins, this project is said to be a source of lifting to Start-ups, Ecosystems and helps in boosting techs in the state. SEE SCREENSHOT BELOW
Lagos state is one of the Southwest states in Nigeria and the most populous city in Nigeria with over 15 million residents and arguable the most economically state in the country Nigeria.
The Lagos state government briefing the press, AfriNOTES gathered that in a bid to ramp up its intervention in the provision of technology infrastructure and expand the tech space to accommodate more startups, the Lagos State Government is set to embark on the construction of the biggest technology cluster in West Africa.
The tech ecosystem, which will be sited in Yaba, Yaba is one of the energetic upscale residential areas in Lagos with fast-growing supper tech offices, the project is being developed by the State Government in collaboration with Facebook and Google.
Governor Babajide Sanwo-Olu spoke of the development on Wednesday when he toured two major innovation and technology hubs within the State.
He was accompanied by members of the State’s Executive Council, including Commissioner for Science and Technology, Mr. Hakeem Fahm, and Special Adviser on Innovation and Technology, Olatunbosun Alake, the Governor also visited Venia Hub in Lekki and Impact Hub in Ikoyi
He proceeds in meeting scores of startups individuals and companies within the Yaba areas of Lagos, briefing them on the plan ecosystems for a roundtable discussion on expanding funding opportunities and infrastructure development.
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 the 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. he said
The Governor described technology as “the new oil” for Lagos – Nigeria, Africa’s and he is pleased that such is starting right from Lagos as the largest megacity in Africa
The project is to exponentially generate wealth and jobs for its young population, while also leveraging it in raising the status of the State to attain Fourth Industrial Revolution.
He said: “Technology is the new oil and the basic element for the Fourth Industrial Revolution globally. As a State with a massive population of young people, tech gurus, we need to play a major role in the development of technology, which is an enabler to leapfrog into rapid socio-economic growth.
We take technology as an important deliverable in our Government’s development agenda.
“For us to make a lasting impact in the tech industry, we said to ourselves we needed to build the infrastructure to support the sector.
We are building a tech campus on a 22,000 square meters land in Yaba, which we christen K.I.T.E. We are working with global brands in the tech space, such as Facebook and Google, to deliver this important technology hub.
“We are currently laying 3,000 kilometers metropolitan fiber optic cables across the State to drop reliable and fast Internet connectivity in homes and workplaces.
These are part of the infrastructure required as the backbone for the tech industry to flourish and empower our young people in the space to take their businesses and ideas to the level of stability.”
Aside from the infrastructural initiatives, Sanwo-Olu said the State Government had been providing support for startups through the Lagos State Employment Trust Fund (LSETF) and Lagos State Science Research and Innovation Council (LASRIC), which provide grant opportunities for innovators and tech researchers.
The Governor disclosed that two out of the 20 start-ups’ ideas supported through LASRIC last year had secured patents for their innovations and ready to transform into fully-fledged businesses that would create jobs.
Sanwo-Olu said the State Government’s intervention in the technology space was about creating opportunities for the future and providing platforms to make start-up businesses thrive.
He said: “The visit to your ecosystems today is for you to be assured that this Government is not sitting back in taking steps to ease access. we are fully working
We fully understand the role which technology plays in our lives and how technology is important to any society that wants to be relevant in the coming decades.
The future is tech and we are happy to be building the capability for Lagos so that we can compete with other developed cities in the world.
The Governor had a roundtable discussion with some of the startups to communicate the State’s effort and how better the Government could properly channel its interventions in the sector.
Some of the startups had the opportunity to present their business models, modules, and innovative solutions to the Government’s team. The engagement gave the Governor and his team the possible areas of intervention.
Source Credit: Lagos State Government ePress