- Lagos Ranked World’s Top Emerging Tech Hub
- Statisense is a prominent artificial intelligence and data analytics company
- Sanwo Olu stated that the government has created a supportive environment for technological innovation
Lagos has been named the world’s fastest growing emerging technology ecosystem in 2025, according to a detailed report by the data analytics firm Statisense.
Eko Hot Blog reports that the report released on X, ranked Istanbul second, followed by Pune, Belo Horizonte, Mumbai, and Curitiba. Other cities that made the top ten include Riyadh, Johannesburg, Chennai, and Ho Chi Minh City.
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Statisense is a prominent artificial intelligence and data analytics company recognized for its yearly intelligence reports on emerging market ecosystems.
The rankings were determined using metrics such as enterprise value, the number of unicorns, funding growth, GDP per capita, and cost of living.
Additional cities featured in the report include Kyiv, Mexico City, Vilnius, Jakarta, Bengaluru, Zagreb, Dhaka, Bangkok, Santiago de Chile, and Kampala.
Earlier on Monday, Lagos State Governor Babajide Sanwo Olu stated that the government has created a supportive environment for technological innovation through purposeful policies and investments.
He noted that this environment enabled startups in Lagos to secure more than 1.2 billion dollars in funding in 2023, accounting for 75 percent of all startup investments in Nigeria.
Sanwo-Olu made this known during the Art of Technology Lagos 6.0 event held in Lagos, with the theme “Artificial Intelligence And The Lagos Digital Economy”.
Represented by Deputy Governor, Obafemi Hamzat, he said: “Through deliberate policies and investments, we have created an enabling environment that fosters innovation and positioned Lagos as a global player in the technology value chain.
The achievements reflect the ingenuity of our people and our unwavering commitment to innovation. But we must continue to build on this foundation to secure our position as a leader in the global tech ecosystem.”
Terrens Wu, Managing Director of the Enterprise Business Group at Huawei Technologies, delivered the keynote address at the event.
He noted that during the initial growth phase of the informatization era, human society achieved widespread connectivity, linking a vast number of users and triggering a surge in data traffic.
“This has accelerated the demand for digital transformation in human society and spawned a second growth curve with 5G and cloud as the main engines. At present, the third growth curve leading the intelligent world is ready to take place, and human society is entering a new era of comprehensive intelligence,” he said.
According to him, the demand for artificial intelligence computing power is increasing rapidly.
“By the end of this year, we expect that the demand for AI computing power may exceed the demand for general computing power. Building an elastic and efficient multi-calculation infrastructure with optimal AI computing power, which is about building an AI native cloud infrastructure, is the key to AI development.”
