Lagos Committed to $1 Trillion Nigerian Economy Goal, Says Gov. Sanwo-Olu at GITEX Nigeria 2025
Lagos State Governor, Babajide Sanwo-Olu, has reaffirmed his administration’s commitment to driving innovation and technology as key pillars for Nigeria’s ambition of achieving a $1 trillion economy by 2030.
Speaking on Wednesday at the opening ceremony of GITEX Nigeria Tech Expo and Future Economy Conference 2025, held at Eko Hotel and Suites, Victoria Island, Sanwo-Olu described Lagos as the economic heartbeat of Nigeria and a beacon of opportunity across Africa.
“Today, as we explore the GITEX Nigeria Tech Expo and Future Economy Conference, we are doing more than just showcasing technology; we are building partnerships, sparking innovation, and laying the groundwork for Nigeria’s goal of becoming a $1 trillion economy by 2030,” the Governor said.
He stressed that Lagos is more than just a city—it is a movement of innovation, housing 23 of Nigeria’s fastest-growing companies, as recognised by the Financial Times. According to him, the state’s resilience, supportive policies, and thriving startup ecosystem make it central to Nigeria’s digital and economic transformation.
GITEX Nigeria: A Global Tech Platform
The Lagos-hosted GITEX Nigeria 2025, organised by the state government in partnership with KAOUN International, the Federal Ministry of Communications, Innovation and Digital Economy, and NITDA, is regarded as the largest gathering of global tech leaders in the country.
With participation from companies such as IBM, Meta, AWS, Cisco, and MTN, as well as local startups, the expo underscores Lagos’ position as a hub for collaboration among visionaries, investors, and policymakers shaping Africa’s digital future.
Collaboration for Digital Transformation
Sanwo-Olu commended Dr. Bosun Tijani, Minister of Communications, Innovation and Digital Economy, for advancing inclusive AI infrastructure and digital solutions. He said the minister’s leadership reflects the shared commitment to making technology a driver of national development.
In his remarks, Dr. Tijani highlighted the pressures of rapid urbanisation in Lagos, with an estimated 2,000 new residents arriving daily. He underscored the need for robust digital infrastructure to support this growth and revealed that starting October 1, the government will launch a programme to support 75 new research projects in the digital sector.
“The future of Nigeria’s digital economy lies in collaboration between startups, corporates, and government. We must build a resilient global digital system that does more than keep pace—it must set the standard,” Tijani said.
Shaping a Digital Africa
Sanwo-Olu closed his address with a call to action, urging participants to connect, innovate, and co-create a future that embodies Africa’s boldest aspirations.
“We are not just crafting a digital Nigeria; we are shaping a digital Africa that will inspire the world,” he declared.
