Lagos to double tech contribution to GDP by 2030 – Commissioner

The Lagos State Commissioner for Innovation, Science, and Expertise, Mr Olatunbosun Alake, has acknowledged that the state plans to extend the contribution of Info and Communication Expertise to its economic system by 100 per cent by 2030.

He disclosed this on Thursday in Lagos on the Artwork of Expertise Lagos 7.0, which had the theme “Future Applied sciences and Sustainable Lagos”.

“We need to enhance the share of IT and innovation’s contribution to Lagos’s economic system. By 2030, the determine that’s lacking right here is 100 per cent. And so, the share of Lagos’s economic system at present that IT sells, we need to enhance by 100 per cent.

“We need to drive a rise in invention and scientific analysis exercise by about 50 per cent to resolve Lagos’s challenges. Meaning Lagos is the place to resolve it. And we need to make Lagos a serious know-how hub on the earth by 2030. I believe we are able to obtain this,” he asserted.

Though there was no knowledge out there for the contribution of ICT to Lagos’s economic system, its GDP reached N14.85tn in Q1 2025, with 1.75 per cent actual progress led by providers.

In the meantime, in keeping with the Nationwide Bureau of Statistics, the ICT sector contributed 11.18 per cent to the nation’s GDP in Q2 2025, and Lagos is the nation’s ICT and financial hub.

The commissioner added that Lagos State had been introducing AI fashions in its labour digital quarter to serve the residents higher.

“So, virtually, we’ve been utilizing AI for lots of our work to drive extra environment friendly outcomes and to drive worth. And naturally, allow us to lead Nigeria’s AI scene with 6 billion in funding for the course between 2019 and 2024,” Alake talked about.

Additionally, the Deputy Governor of Lagos State, Dr Obafemi Hamzat, revealed that the federal government was engaged on the Lagos Innovation Invoice, which, when handed into regulation, would offer a framework for the promotion of analysis and innovation within the state.

“The present authorities ought to be designed to foster innovation as a core a part of the social economic system technique of our state. It strengthens mental property safety and expands entry to funding for startups and researchers, deepening collaboration amongst our governments, academia, trade, and regulators. It additionally supplies a secure atmosphere for the inspiration,” he enunciated.

The deputy governor added that because the state strengthened its e-governance, sensible metropolis system, and web to printers and AR, “server safety is not an possibility. It’s a firewall that protects our ambitions. So, we’re not simply constructing know-how; we should additionally safe it. So, our connecting know-how leaders of the stage.”

“The present authorities ought to be designed to foster innovation as a core a part of the social economic system technique of our state. It strengthens mental property safety and expands entry to funding for startups and researchers, deepening collaboration amongst our governments, academia, trade, and regulators. It additionally supplies a secure atmosphere for the inspiration,” Hamzat famous.

He defined that the state was grappling with site visitors as a result of it has one of many smallest landmasses within the nation, however has the most important inhabitants density.

“So, folks will say Lagos has a whole lot of site visitors. That’s so as a result of our land is lower than 0.3 per cent of the nation’s landmass however has about 10 per cent of the nation’s inhabitants. So, sensible mobility know-how is what they’re making an attempt to do to deal with this drawback,” stated Hamzat, who was a former Lagos State Commissioner for Innovation, Science, and Expertise.

Earlier, the founding father of the Eko Innovation Centre and convention curator, Dr Victor Afolabi, supplied a quick historical past of the occasion and highlighted achievements from the previous six years.

“All of the work and the inspiration that we made collectively within the final six years. And this yr, we’re targeted on speaking about it as a future know-how and sustainable leaders. how this know-how will come collectively. Once more, it’s not nearly AI.

“Collectively we can assist form the world, assist drive the innovation and the method of the answer as the method of the know-how system that’s the coverage and regulation, and I need to welcome you to this convention,” he acknowledged.