Tech Hub in Lagos Secures $10 Million Funding for Startups

Source:Punch Nigeria
July 1, 2025
Lagos, Nigeria
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A leading technology hub in Lagos, Co-Creation Hub (CcHub), has secured $10 million in funding from international investors to support Nigerian startups. Announced on July 1, 2025, the investment aims to nurture innovation in fintech, agritech, and health tech sectors. CcHub's CEO, Bosun Tijani, stated that the funds will provide mentorship, infrastructure, and seed capital to over 50 startups within the next year. This comes as Nigeria's tech ecosystem continues to attract global attention, with young entrepreneurs driving solutions to local challenges. However, concerns remain over internet penetration and regulatory hurdles that could impede growth. The tech community in Lagos celebrated the news, with hopes that such investments will create jobs and boost Nigeria's digital economy. The funding is part of a broader initiative by the African Union to position the continent as a tech powerhouse by 2030.

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