Lagos Named World's Fastest-Growing Tech City
Lagos Crowned World’s Fastest-Growing Tech City in 2025
Lagos, Nigeria’s bustling commercial hub, has achieved a significant milestone by being named the world’s fastest-growing tech city for 2025. This recognition comes from the Netherlands-based research firm Dealroom.co, which released its annual Global Tech Ecosystem Index. Business Insider Africa+9Startup Lagos+9The Nation Newspaper+9
Rapid Growth and Innovation
According to the report, Lagos has experienced an 11.6-fold increase in its tech ecosystem valuation since 2017. This impressive growth has been fueled by the emergence of five unicorns—startups valued at over $1 billion—including Interswitch, Flutterwave, Jumia, OPay, and Moniepoint. Empower Africa
Despite operating within a smaller economy, Lagos’s tech sector has demonstrated remarkable resilience and adaptability. The city’s ability to foster innovation and scale businesses has positioned it ahead of other emerging tech hubs like Istanbul, Turkey, and Pune, India.
A Beacon for Emerging Markets
Dealroom.co’s “Rising Stars” category highlights cities with rapidly expanding tech ecosystems, emphasizing growth in enterprise value and unicorn creation, adjusted for local GDP per capita and living costs. Lagos’s top ranking in this category underscores its role as a leading destination for startups and venture capital in Africa and beyond. Facebook+5The Guardian Nigeria+5The Nation Newspaper+5Vanguard News
Infrastructure and Talent Development
Lagos’s ascent in the global tech landscape is supported by strategic investments in infrastructure and talent development. Initiatives like the Lagos Rail Mass Transit system have improved urban mobility, while educational programs and tech hubs have nurtured a skilled workforce. Wikipedia
The city’s commitment to creating an enabling environment for technology and innovation continues to attract entrepreneurs and investors, solidifying its status as a burgeoning tech powerhouse.
