Nigeria’s Lagos State has obtained a US $22 million foreign direct investment to expand its fibre optic infrastructure, a key development in its strategy to enhance digital connectivity and support its growing technology ecosystem. This investment aims to improve internet access, accelerate innovation, and promote broader participation in the digital economy.
The announcement was made by Engr. Olufemi Daramola, Special Adviser to the Governor on Infrastructure, during a press briefing marking the second anniversary of Governor Babajide Sanwo-Olu’s second term. The funding was secured through the Lagos State Infrastructure Maintenance and Regulatory Agency (LASIMRA), which is overseeing efforts to strengthen the state’s digital network.
Digital connectivity
As part of the project, an additional 2,700 kilometers of fibre ducts will be installed, adding to the 3,000 kilometers already completed. The state is also preparing to extend the network by another 1,200 kilometers in 2025. These efforts are expected to significantly increase broadband coverage and support improved internet services, especially in underserved areas.
Beyond infrastructure expansion, Lagos is advancing several smart city initiatives. These include the Safe City Project, which involves installing smart surveillance systems and traffic control technologies in key locations like Alapere and Allen Avenue. So far, over 450 smart cameras have been deployed, and 14 state agencies have digitized their operations to enhance service delivery.
Lagos remains a leading technology hub in Africa, home to over 60% of Nigeria’s tech startups. In 2023 alone, startups based in the state attracted more than $1.2 billion in funding, accounting for 75% of all startup investment in Nigeria. To support this momentum, the state is also constructing four world-class data centers to increase its digital capacity and drive economic growth through technology.