Sanwo-Olu: Lagos Will Power Nigeria’s $1 Trillion Economy Goal by 2030

Sanwo-Olu: Lagos Will Power Nigeria’s $1 Trillion Economy Goal by 2030
Governor, minister, tech experts attend opening ceremony of GITEX Expo Nigeria 2025
Sanwo-Olu commended Dr. Bosun Tijani, for his leadership in advancing artificial intelligence infrastructure

Lagos State Governor, Babajide Sanwo-Olu, has reaffirmed his administration’s commitment to positioning Lagos as the heartbeat of Nigeria’s digital transformation and a major driver of the country’s ambition to achieve a $1 trillion economy by 2030.

Speaking on Wednesday at the opening ceremony of the GITEX Nigeria Tech Expo and Future Economy Conference 2025, held at Eko Hotel and Suites, Victoria Island, Eko Hot Blog reports that Sanwo-Olu said technology, innovation, and digital solutions will play a central role in fostering sustainable growth, inclusivity, and prosperity.

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“Today, as we explore the GITEX Nigeria Tech Expo and Future Economy Conference, we are doing more than just showcasing technology; we are building partnerships, sparking innovation, and laying the groundwork for Nigeria’s goal of becoming a $1 trillion economy by 2030,” the governor said.

Sanwo-Olu described Lagos as a “movement,” noting that the city hosts 23 of Nigeria’s fastest-growing companies, according to the Financial Times. He stressed that the state’s innovation ecosystem thrives on supportive policies, vibrant private enterprises, and a resilient startup culture.

The GITEX Expo Nigeria 2025, organised by the Lagos State Government in partnership with KAOUN International, the Federal Ministry of Communications, Innovation and Digital Economy, and the National Information Technology Development Agency (NITDA), has drawn global tech giants such as IBM, Meta, AWS, Cisco, and MTN, alongside homegrown startups.

Sanwo-Olu also commended the Minister of Communications, Innovation and Digital Economy, Dr. Bosun Tijani, for his leadership in advancing artificial intelligence infrastructure and inclusive digital solutions.

Tijani, in his remarks, highlighted the pressure Lagos faces from rapid urbanisation, with about 2,000 people moving into the city daily.

He said the demand for robust digital infrastructure has become more urgent and revealed that a new government-backed programme, set to begin October 1, will support 75 research projects in the digital sector.

The minister stressed the need for stronger collaboration between startups, corporates, and government to scale innovation, build resilience, and secure Nigeria’s place in the global digital economy.

“Events like GITEX amplify our collective efforts. We are not just crafting a digital Nigeria; we are shaping a digital Africa that will inspire the world,” Sanwo-Olu added.

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