Close Menu
    What's Hot
    Lagos Maintains Stable Debt Profile as Revenue Hits N2.6trn

    Lagos Maintains Stable Debt Profile as Revenue Hits N2.6trn

    May 22, 2026
    464 of S&P 500 Companies Beat Q1 Earnings Targets

    464 of S&P 500 Companies Beat Q1 Earnings Targets

    May 22, 2026
    Fitch Affirms Bank of America at 'AA-' with Stable Outlook

    Fitch Affirms Bank of America at ‘AA-‘ with Stable Outlook

    May 22, 2026
    Facebook X (Twitter) Instagram
    • Home
    • About Us
    Facebook X (Twitter) Instagram WhatsApp
    MarketForces AfricaMarketForces Africa
    Subscribe
    Friday, May 22
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News
    News

    Lagos Expands Fibre-Optic Network, Unveils Data Centre Plans

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiDecember 5, 2024No Comments3 Mins Read
    Share Facebook Twitter Pinterest Copy Link LinkedIn Tumblr Email VKontakte Telegram
    Lagos Expands Fibre-Optic Network, Unveils Data Centre Plans
    Share
    Facebook Twitter Pinterest Email Copy Link

    Lagos Expands Fibre-Optic Network, Unveils Data Centre Plans

    Gov. Babajide Sanwo-Olu of Lagos State on Thursday announced plans to extend the state’s fibre-optic network by an additional 1,200 kilometers in 2025, complementing the existing 2,500 kilometers.

    Sanwo-Olu said this while speaking at the sixth edition of the Art of Technology Lagos Conference, which had the theme, “AI and the Lagos Digital Economy.”

    The governor, who was represented by his Deputy, Dr Obafemi Hamzat, said the state also had plans to host world-class data centres in Lagos within the next 24 months.

    According to Sanwo-Olu, these projects will provide the backbone for scalable, innovative solutions, and further solidify Lagos’ position as Africa’s leading technology hub.

    He noted that Lagos was not just Nigeria’s economic nerve centre, but also Africa’s leading technology hub, accounting for over 60 per cent of Nigeria’s tech startups.

    The governor highlighted the state’s achievements in the tech space, including the raising of over 1.2 billion dollars by Lagos-based startups in 2023, which accounted for 75 per cent of all startup investments in Nigeria.

    Sanwo-Olu said these achievements were as a result of deliberate policies and investments that had created an enabling environment for innovation to thrive.

    He said over 450 smart cameras under the Safe City Project would improve public safety and traffic management, as well as the Lagos Digital Service Platform.

    “The platform is a transformative tool that embodies the state’s vision of accessible, transparent, and efficient governance.

    “These projects are not just about infrastructure, they are about empowering our people and driving sustainable development across sectors.

    “Our digitization efforts are revolutionizing governance.

    “Fourteen government agencies have already digitised citizen-facing services, ensuring greater transparency, efficiency, and accessibility.

    “With the Enterprise Architecture Project, we are harmonising data systems to prepare for AI-driven service delivery.

    “This innovation will ensure faster responses and smoother interactions between citizens and government,” he said.

    Sanwo-Olu added that the Lagos digital service platform would bridge the gap between government and the people, fostering trust and delivering impactful results.

    He also highlighted the state’s commitment to sustainability, noting that the Lagos State Science, Research, and Innovation Council (LASRIC) had supported over 65 startups and 75 research projects across Lagos.

    The governor said it had supported these startups with a commitment of 1 billion Naira to innovation funding in 2024.

    He said further that the digital leap programme also aimed at training 50,000 Lagos residents in cutting-edge skills such as Artificial Intelligence, cybersecurity, coding, and cloud computing.

    Sanwo-Olu emphasised the importance of collaboration in shaping the future of artificial intelligence.

    He called on policymakers, educators, entrepreneurs, and innovators to work together to create a Lagos where technology transformed lives and every resident felt the impact of innovation.

    Sanwo-Olu noted that together, Lagos residents could build a Lagos that worked for all, driven by innovation, powered by people, and guided by purpose.

    The Art of Technology Lagos Conference is a flagship event that celebrates the state’s collective ambition to position Lagos as the digital heartbeat of Africa. #Lagos Expands Fibre-Optic Network, Unveils Data Centre Plans#

    Lawal Presents 2025 Budget Proposal of N545bn

    Babajide sanwolu Lagos State Government
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
    Ogochukwu Ndubuisi
    • Website
    • Facebook
    • X (Twitter)
    • LinkedIn

    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

    Related Posts

    Lagos Maintains Stable Debt Profile as Revenue Hits N2.6trn
    News

    Lagos Maintains Stable Debt Profile as Revenue Hits N2.6trn

    May 22, 2026
    464 of S&P 500 Companies Beat Q1 Earnings Targets
    News

    464 of S&P 500 Companies Beat Q1 Earnings Targets

    May 22, 2026
    Fitch Affirms Bank of America at 'AA-' with Stable Outlook
    News

    Fitch Affirms Bank of America at ‘AA-‘ with Stable Outlook

    May 22, 2026
    Nigeria 1st Policy to Drive Job creation, Stimulate industrial Growth
    News

    Nigeria 1st Policy to Drive Job creation, Stimulate industrial Growth

    May 22, 2026
    Oil Tops $105 Amidst U.S.-Iran Peace Talks Optimism
    News

    Oil Tops $105 Amidst U.S.-Iran Peace Talks Optimism

    May 22, 2026
    GTBank Sets $20K Quarterly Spending on Naira Debit Card
    News

    GTBank Sets $20K Quarterly Spending on Naira Debit Card

    May 22, 2026
    Add A Comment

    Comments are closed.

    Editors Picks
    Lagos Maintains Stable Debt Profile as Revenue Hits N2.6trn

    Lagos Maintains Stable Debt Profile as Revenue Hits N2.6trn

    May 22, 2026
    464 of S&P 500 Companies Beat Q1 Earnings Targets

    464 of S&P 500 Companies Beat Q1 Earnings Targets

    May 22, 2026
    Fitch Affirms Bank of America at 'AA-' with Stable Outlook

    Fitch Affirms Bank of America at ‘AA-‘ with Stable Outlook

    May 22, 2026
    Nigeria 1st Policy to Drive Job creation, Stimulate industrial Growth

    Nigeria 1st Policy to Drive Job creation, Stimulate industrial Growth

    May 22, 2026
    Latest Posts
    Lagos Maintains Stable Debt Profile as Revenue Hits N2.6trn

    Lagos Maintains Stable Debt Profile as Revenue Hits N2.6trn

    May 22, 2026
    464 of S&P 500 Companies Beat Q1 Earnings Targets

    464 of S&P 500 Companies Beat Q1 Earnings Targets

    May 22, 2026
    Fitch Affirms Bank of America at 'AA-' with Stable Outlook

    Fitch Affirms Bank of America at ‘AA-‘ with Stable Outlook

    May 22, 2026
    Nigeria 1st Policy to Drive Job creation, Stimulate industrial Growth

    Nigeria 1st Policy to Drive Job creation, Stimulate industrial Growth

    May 22, 2026
    Oil Tops $105 Amidst U.S.-Iran Peace Talks Optimism

    Oil Tops $105 Amidst U.S.-Iran Peace Talks Optimism

    May 22, 2026

    Subscribe to News

    Get the latest sports news from NewsSite about world, sports and politics.

    About US
    About US

    MarketForces Africa is a financial information service provider with interest in media, training and research. The media platform provides information about markets, economies, and crypto, forex markets and investment ecosystem.

    Contact Us:
    Suite 4, Felicity Plaza, Freedom Estate Drive, Lagos-Ibadan Express Road, Magboro
    T: . 08076677707, 08052076440

    Facebook X (Twitter) Instagram Pinterest YouTube
    Latest Posts
    Lagos Maintains Stable Debt Profile as Revenue Hits N2.6trn

    Lagos Maintains Stable Debt Profile as Revenue Hits N2.6trn

    May 22, 2026
    464 of S&P 500 Companies Beat Q1 Earnings Targets

    464 of S&P 500 Companies Beat Q1 Earnings Targets

    May 22, 2026
    Fitch Affirms Bank of America at 'AA-' with Stable Outlook

    Fitch Affirms Bank of America at ‘AA-‘ with Stable Outlook

    May 22, 2026

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    © 2026 Marketforces Africa
    • About
    • Contact us
    • Subscription Plans
    • My account

    Type above and press Enter to search. Press Esc to cancel.