LAGOS SET TO BUILD BIGGEST TECH HUB IN YABA - AfrobadooTV
Connect with us

LAGOS SET TO BUILD BIGGEST TECH HUB IN YABA

Published

on

•State in Talks with Facebook, Google to Deliver K.I.T.E Project

•Sanwo-Olu Tours Lagos Start-Up Ecosystems

 

In a bid to ramp up its intervention in provision of technology infrastructure and expand the tech space to accommodate more startups, Lagos State Government is set to embark on the construction of the biggest technology cluster in West Africa.

 

The tech ecosystem, which will be sited in Yaba, is being developed by the State Government in collaboration with Facebook and Google.

Governor Babajide Sanwo-Olu spoke of the development on Wednesday when he toured two major innovation and technology hubs within the State.

 

Accompanied by members of the State’s Executive Council, including Commissioner for Science and Technology, Mr. Hakeem Fahm, and Special Adviser on Innovation and Technology, Olatunbosun Alake, the Governor visited Venia Hub in Lekki and Impact Hub in Ikoyi, meeting scores of startups in the ecosystems for a roundtable discussion on expanding funding opportunities and infrastructure development.

 

Sanwo-Olu said the Yaba Technology Cluster, called K.I.T.E., would be a free zone that would allow the growth of funding and financing for innovative ideas generated by entrepreneurs in tech industry and FinTech space, adding that the ecosystem would also offer free labs for the use of startups to take their innovations to from ideation to the next level.

K.I.T.E. is an acronym for Knowledge, Innovation, Technology and Entrepreneurship.

 

The Governor described technology as “the new oil” for Lagos – Africa’s largest megacity – to exponentially generate wealth and jobs for its young population, while also leveraging it in raising the status of State to attain Fourth Industrial Revolution.

 

He said: “Technology is the new oil and the basic element for the Fourth Industrial Revolution globally. As a State with a massive population of young people, we need to play major role in the development of technology, which is an enabler to leapfrog into rapid socio-economic growth. We take technology as an important deliverable in our Government’s development agenda.

 

“For us to make lasting impact in tech industry, we said to ourselves we needed to build the infrastructure to support sector. We are building a tech campus on a 22,000 square meters land in Yaba, which we christen K.I.T.E. We are working with global brands in the tech space, such as Facebook and Google, to deliver this important technology hub.

“We are currently laying 3,000 kilometres metropolitan fibre optic cables across the State to drop reliable and fast Internet connectivity in homes and work places. These are part of the infrastructure required as backbone for the tech industry to flourish and empower our young people in the space to take their businesses and ideas to the level of stability.”

 

Aside the infrastructural initiatives, Sanwo-Olu said the State Government had been providing support for startups through the Lagos State Employment Trust Fund (LSETF) and Lagos State Science Research and Innovation Council (LASRIC), which provide grant opportunities for innovators and tech researchers.

 

The Governor disclosed that two out of the 20 start-ups ideas supported through LASRIC last year had secured patents for their innovations and ready to transform into fully-fledged businesses that would create jobs.

 

Sanwo-Olu said the State Government’s intervention in the technology space was about creating opportunities for the future and providing platforms to make start-up businesses thrive.

 

He said: “The visit to your ecosystems today is for you to be assured that this Government is not sitting back in taking steps to ease access. We fully understand the role which technology plays in our lives and how technology is important to any society that wants to be relevant in coming decades. We are happy to be building the capability for Lagos, so that we can compete with other developed cities in the world.”

 

The Governor had a roundtable discussion with some of the startups to communicate the State’s effort and how better the Government could properly channel its interventions in the sector.

 

Some of the startups had the opportunity to present their business models and innovative solutions to the Government’s team. The engagement gave the Governor and his team the possible areas of intervention.

 

LSETF Executive Secretary, Mrs. Teju Abisoye, said the agency had been providing support for over 38 partner hubs across Local Government Areas (LGAs) and Local Council Development Areas (LCDAs) in the State, stressing that the objective of the funding was to support startups from idea to exit stages.

 

Venia Hub is an ecosystem housing Flutterwave and 100 other tech start-up companies. Impact Hub also has scores of startups operating in its ecosystem.

Advertisement

You may like

Click to comment

Leave a Reply

Your email address will not be published.

Politics

FINALLY!!! Tinubu Lists Conditions For Open Debate With Peter Obi

Published

on

By

Tinubu Peter Obi

The All Progressives Congress, APC, presidential candidate, Bola Tinubu, has listed conditions his counterpart from the Labour Party, LP, Peter Obi, must meet before engaging in a debate with him.

Tinubu said he would engage Obi in a debate after he released his manifesto for Nigerians to scrutinize.

Speaking through the spokesman of his campaign team, Festus Keyamo, Tinubu said Obi should also list his achievements during his tenure as governor of Anambra State before any debate can hold.

Keyamo said Obi should name any political party he formed.

He said Obi should disclose those he had mentored in politics who are still with him before asking for a debate.

“Before Obi can stand shoulder to shoulder with Asiwaju to debate, he should first release a manifesto for scrutiny; then he should list his tangible achievements as Governor of Anambra State compared to the tangible achievements of Asiwaju as Governor of Lagos State.

“Then he should list those he has mentored in politics from the days of his being Governor who is still with him now; then he should tell us any political party he has either formed or partnered to form and which he still belongs to today.”

Continue Reading

Sport

Okocha Reveals Senegal’s Strength At The World Cup (See What He Said)

Published

on

By

Okocha

Nigerian legend, Austin Jay Jay Okocha, has hailed the Teranga Lions of Senegal for their ‘heart’.

According to Okocha, Aliou Cissé’s side are fearless, and believe they can beat any team at the ongoing 2022 FIFA World Cup in Qatar.

Senegal booked their place in the World Cup Round of 16 on Tuesday night after beating Ecuador 2-1.

The AFCON champions will face England in the knockout stage this weekend.

Speaking on SuperSport, Okocha said,

“One good thing that this Senegalese team has got right from years back is heart. They are fearless and they believe they can beat anybody.

“Also, the character of their manager has been passed on to this team. I managed to play with him, he was not the most brilliant player, but he had heart.

“You can see from this Senegalese team that what they’ve going for them now is team spirit because they’re missing crucial individual players like [Sadio] Mane, who finished second in the Ballon d’Or.”

Continue Reading

Sport

See The Highly Rated Midfielder Chelsea Are Planning To Sign (PHOTO)

Published

on

By

Chelsea are close to agreeing a £13million deal to sign midfielder, Andrey Santos from Vasco de Gama.

According to Le10 Sport, Chelsea have moved quickly to wrap up a deal to sign Santos in the January transfer window, provided the 18-year-old does not have a late change of heart.

The report added that Paris Saint-Germain have been monitoring Santos’ displays for several months, while Barcelona and Newcastle United have also kept tabs on the 18-year-old.

It’s reported that Chelsea’s proposal ‘was considered more consistent with Santos’ expectations’ than the project put forward by PSG.

Santos made his first-team breakthrough with Vasco de Gama earlier this year.

He has quickly established himself as a regular player at the heart of their midfield.

Continue Reading

Trending

Copyright © 2017 Zox News Theme. Theme by MVP Themes, powered by WordPress.

%d bloggers like this: