NewStats: 3,264,680 , 8,184,397 topics. Date: Thursday, 12 June 2025 at 12:36 AM x2l37

Lagos has been named the world’s fastest-growing tech city for 2025, according to the Global Tech Ecosystem Index 2025 released by Netherlands-based research firm Dealroom.co.

The Nigerian commercial hub tops the list ahead of Istanbul, Turkey, and Pune, India. Lagos was ranked under the “Rising Stars” category, highlighting cities with rapidly expanding tech ecosystems that are outperforming global counterparts in growth relative to their economic size.

According to Dealroom.co, Lagos has achieved an 11.6x increase in ecosystem valuation since 2017 and has produced five tech unicorns: Interswitch, Flutterwave, Jumia, OPay, and Moniepoint. These accomplishments have set Lagos apart as a prime destination for startups and venture capital in Africa and beyond.

“This year, Lagos (#1) is topping the list, having created five unicorns and grown its ecosystem valuation 11.6x since 2017 despite having a smaller economy,” the report stated.

Other cities rounding out the top five fastest-growing tech hubs include:

1) Lagos, Nigeria
2) Istanbul, Turkey
3) Pune, India
4) Belo Horizonte, Brazil
5) Curitiba, Brazil

Additional cities highlighted in the report include Mumbai (India) and Riyadh (Saudi Arabia), signalling strong momentum in emerging markets across Africa, Asia, and Latin America.

The “Rising Stars” list evaluates cities based on startup ecosystem growth, unicorn creation, and increases in enterprise value—factors adjusted for local GDP and cost of living to ensure fair comparisons.

The rise of Lagos as a global tech powerhouse has coincided with strategic investments under the istration of Governor Babajide Sanwo-Olu. The Lagos State Science Research and Innovation Council (LASRIC) has made over ₦1 billion in grants available to local startups.

Reacting to the report, Lagos State Commissioner for Information and Strategy, Gbenga Omotoso, quoted Governor Sanwo-Olu saying: “We are thrilled but not surprised because of the hard work that our youths are doing. We plan to make Lagos a big centre for tech experts. If Microsoft or Google and other giants are looking for good hands, there will be a big pool from which they can draw.”

Sanwo-Olu also pointed to the vibrancy of the city’s innovation scene. “Thousands of our youths are busy at tech hubs, using technology to resolve everyday challenges. We will keep encouraging them,” he said.

The recognition from Dealroom.co follows other accolades for Lagos, including its inclusion by Time Out Magazine as one of the Top 3 African Cities to Visit in 2025.

https://www.vanguardngr.com/2025/05/lagos-tops-worlds-fastest-growing-tech-cities-in-the-world-2025-see-top-5/

It still needs improvement, though, and a 10000 mw power supply....then we can talk.

Kemetian:

https://www.vanguardngr.com/2025/05/lagos-tops-worlds-fastest-growing-tech-cities-in-the-world-2025-see-top-5/

Okay

Lagos to the world

Who dey give this quack survey. Same smelly Lagos

Good development.

Other parts of Nigeria need to have tech hubs especially the north.

From hustle to unicorns, Lagos has shown the world what African potential looks like! Being named the fastest-growing tech city globally isn’t luck, it’s the result of talent, grit, and innovation. The influx of mad talents is crazy.
Proud moment for Naija.

The only news that give some people joy is when they read Lagos is smelling.funny thing is that they are so quick to key into and take advantage of opportunities in Lagos,they will still come back and tell you that jakande made Lagos the fastest growing tech city

I no talk oo

Good development.

The citizens thrive despite the incompetence of the government.

I can see some people are not happy. Why are some Nigerians so bitter

First in smell too.

dibunotion:
Who dey give this quack survey. Same smelly Lagos

Yet, your mothers, sisters, brothers, and fathers are running to Lagos on a daily basis.

nairalanda1:
It still needs improvement, though, and a 10000 mw power supply....then we can talk.

Even 10000mw is still grossly inadequate for a huge country like Nigeria.
We really need to step up in this direction and I believe Nigerians will take it from there.

dibunotion:
Who dey give this quack survey. Same smelly Lagos

why's your place that's not smelling not on the list? 😃

This is absolute good news like button. I love Lagos

Lagos State is the face of Nigeria that other countries seeing Naija from.

This is laughable. Lagos tops India?

Excellent news 🗞️

Lagos the land of opportunities for those that can create jobs only ...if you don't create jobs you will be enslaved in Lagos

Lagos benefits employers and smart ones

Those that want to japa please do...so we have less competition


Be shouting OBI, APC OR RONU while smart ones make money

Tor while some are still waiting for gonernment to give them job.

Even Trump Dey cut government jobs in America.

Government should invest more in power and allow more private sector companies to spring up then we will be good.

ElSudani:


Even 10000mw is still grossly inadequate for a huge country like Nigeria.
We really need to step up in this direction and I believe Nigerians will take it from there.

10000Mw in my post is not for Nigeria, it is what was estimated for the city of Lagos to get light 24/7.

Nigeria needs 33000 mw for everyone connected to the grid to have 24/7 light, and 88000 mw for the whole country to have 24/7 light.