Tech Startups in Lagos Secure $50 Million in Funding

Source:Punch Nigeria
June 30, 2025
Lagos, Nigeria
technology
regular
positive
tech startups
funding
fintech
agritech

Lagos, Nigeria's tech hub, witnessed a major boost on June 30, 2025, as five indigenous startups secured a combined $50 million in funding from international venture capital firms. The startups, focusing on fintech and agritech solutions, are expected to create over 1,000 jobs in the next two years. Industry analysts see this as a sign of growing investor confidence in Nigeria's tech ecosystem despite economic challenges. The Lagos State Government has pledged continued support through tax incentives and infrastructure development to sustain this growth.

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