Lagos ranked world’s fastest-growing emerging tech hub
Lagos has been ranked as the world’s fastest-growing emerging technology ecosystem in the year, according to a report by data analytics firm, Statisense.
The report published on X yesterday placed Istanbul in second position, followed by Pune, Belo Horizonte, Mumbai, and Curitiba. Riyadh, Johannesburg, Chennai, and Ho Chi Minh Citycompleted the top 10.
Statisense is a leading artificial intelligence data analytics firm known for its yearly ecosystem intelligence reports across emerging markets.
The report stated that the rankings were based on enterprise value, unicorn count, funding growth, Gross Domestic Product (GDP) per capita, and cost of living.
Other cities on the list included Kyiv, Mexico City, Vilnius, Jakarta, Bengaluru, Zagreb, Dhaka, Bangkok, Santiago de Chile, and Kampala.
Earlier yesterday, Governor Babajide Sanwo-Olu, said the State government created an enabling environment for technology innovation to thrive through deliberate policies and investments.
He explained that the environment spurred Lagos-based startups to raise over $1.2 billion in 2023, representing 75 per cent of all startup investments in Nigeria.
Sanwo-Olu made this known during the Art of Technology Lagos 6.0 event in Lagos, with the theme “Artificial Intelligence And The Lagos Digital Economy”.
