• Latest
  • Trending
Lagos disburses N500m to 40 Tech Startups

Lagos disburses N500m to 40 Tech Startups

December 18, 2023
Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

Call of Duty movie: Paramount, Activision strike deal for live-action adaptation

September 5, 2025
Meta Brings Back Facebook Poke with Emojis and Streaks

Meta Brings Back Facebook Poke with Emojis and Streaks

September 5, 2025
Know why they’re calling: Truecaller launches AI-powered insights

Know why they’re calling: Truecaller launches AI-powered insights

September 5, 2025
Visa harnesses local partnerships to launch Visa Pay in DR Congo

Visa harnesses local partnerships to launch Visa Pay in DR Congo

September 5, 2025
Betika denies recent reports of security breach

Betika denies recent reports of security breach

September 5, 2025
10 things you can actually buy with crypto in Africa

10 things you can actually buy with crypto in Africa

September 5, 2025
CBE seals deal with Botim to enhance remittance services for Ethiopians living in UAE

CBE seals deal with Botim to enhance remittance services for Ethiopians living in UAE

September 5, 2025
Nigeria Senate, SIBAN push for crypto regulation to boost digital economy

Nigeria Senate, SIBAN push for crypto regulation to boost digital economy

September 5, 2025
Mamo Mihretu Resigns as Governor of Ethiopia’s Central Bank

Mamo Mihretu Resigns as Governor of Ethiopia’s Central Bank

September 5, 2025
Paratus Group introduces first private mobile network using LTE and 5G in Namibia

Paratus Group introduces first private mobile network using LTE and 5G in Namibia

September 5, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Tech News Africa Tech News

Lagos disburses N500m to 40 Tech Startups

Modupeoluwa Olalere by Modupeoluwa Olalere
December 18, 2023
140 10
0
Lagos disburses N500m to 40 Tech Startups
465
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

Babajide Sanwo-Olu, the governor of Lagos State, said that over N500 million will be given to 40 tech startups. The governor said this when he presented the 2024 budget to the House of Assembly. These startups will be able to grow with the help of the money from the Lagos State Science Research and Innovation Council (LASRIC).

In his speech, Sanwo-Olu talked about how these investments have helped by mentioning solutions like LagRide, which came from a company and won second place in the State’s first Transportation Hackathon challenge in 2019.

Read also: Lagos unveils multipurpose resident ID cards

Governor Sanwo-Olu’s plans made public

In his budget speech, Governor Sanwo-Olu talked about his government’s successes in different areas of the state’s economy. He said:

RelatedPosts

GITEX Nigeria 2025: Lagos Governor commits to driving Nigeria’s $1 trillion Economy

Digital Realty opens third data centre in Lagos to accelerate connectivity

Bvndle Rewards Festival to Appreciate Customers with Africa’s First Loyalty Festival in Lagos

“We’ve given over 500 million naira to the Lagos State Science Research and Innovation Council (LASRIC) to help more than 40 innovative startups in Lagos.” LagRide was created by a company that came in second place at our first Transportation Hackathon in 2019.

Touch and Pay Technologies, a firm driven by young entrepreneurs, produced the Lagos Cowry Card, which works on BRT, Ferry, and Train services like the UK’s Oyster card.

He added that the Lagos Innovates Voucher Programme gave more than 350 young tech entrepreneurs energy, internet, and more through partner hubs.

Introducing Lagos state’s strategic tech efforts to help startups

Some of Africa’s most famous and successful startups are based in Lagos, known as the “startup hub of Africa.” Through its Startup Lagos Initiative, the state government actively encourages more success.

The government runs Startup Lagos, an information portal for the startup ecosystem. It helps startups find investors and keeps investors and innovators updated on important news and possibilities. “Right now, the Portal has a list of more than 3,000 Startups,” the Governor said.

The Governor talked more about his government’s progress in connectivity and investments in technology. He said the ongoing Metro Fibre Project has connected over 100 public schools, hospitals, businesses, and other buildings to a fibre network.

This project aims to lay 6,000 km of fibre-optic cable across the metropolis. The first part, which covered 3,000 km, is almost finished, with 2,900 km laid; besides that, the second part of the project will start in 2024.

Huawei commits to digitalization of Lagos State

Technological initiatives for enhanced security and governance

Lagos Governor Sanwo-Olu has noted the success of ICT efforts. The Live Camera Update (LCU) Project, ANPR Cameras, the Command and Control Centre for State Waterways (Search and Rescue), and the Lagos Rail Mass Transit Project are examples. These improvements aim to improve security, prevent traffic concerns, and speed up accident response.

“Digital Cabinet Dashboard,” an innovative application in final development, is notable. For the benefit of government decision-makers, this all-inclusive tool digitises public data on everything from traffic accidents to hospital bed usage in general hospitals. The Governor stressed that this dashboard, which passed beta testing, will continuously improve decision-making.

Tags: LagosStartup
Modupeoluwa Olalere

Modupeoluwa Olalere

Modupe is a tech content writer with 3+ years of experience turning complex ideas into clear, engaging stories. She covers innovation, digital trends, and emerging technologies. When she’s not writing, she’s exploring new tools or tracking trends shaping Africa’s tech ecosystem.

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.