Lagos Tops Global Ranking as World’s Fastest-Growing Emerging Tech Ecosystem in 2025

Lagos Tops Global Ranking as World’s Fastest-Growing Emerging Tech Ecosystem in 2025

Lagos Ranked World’s Fastest-Growing Emerging Tech Hub – Statisense Report

Lagos has emerged as the fastest-growing emerging technology ecosystem in the world for 2025, according to a new report released by data analytics firm, Statisense.

The comprehensive report, published on X, places Lagos ahead of other rising tech cities including Istanbul, Pune, Belo Horizonte, Mumbai, and Curitiba. Riyadh, Johannesburg, Chennai and Ho Chi Minh City round out the top ten.

Statisense, a prominent artificial intelligence and data analytics company, is known for its annual intelligence reports that spotlight innovation hotspots across emerging markets. According to the firm, the rankings were determined by factors such as enterprise value, unicorn count, funding growth, GDP per capita, and cost of living.

Other notable cities featured in the report include Kyiv, Mexico City, Vilnius, Jakarta, Bengaluru, Zagreb, Dhaka, Bangkok, Santiago de Chile and Kampala.

Earlier on Monday, Lagos State Governor, Babajide Sanwo-Olu, highlighted the state’s active role in fostering tech innovation, attributing its success to strategic investments and favorable policies.

He explained that the environment spurred Lagos-based startups to raise over $1.2 billion in 2023, representing 75 per cent of all startup investments in Nigeria.

Sanwo-Olu made this known during the Art of Technology Lagos 6.0 event held in Lagos, with the theme “Artificial Intelligence and the Lagos Digital Economy.”

Represented by Deputy Governor, Obafemi Hamzat, he said:

“Through deliberate policies and investments, we have created an enabling environment that fosters innovation and positioned Lagos as a global player in the technology value chain. The achievements reflect the ingenuity of our people and our unwavering commitment to innovation. But we must continue to build on this foundation to secure our position as a leader in the global tech ecosystem.”

Also speaking at the event, Terrens Wu, Managing Director, Enterprise Business Group at Huawei Technologies, delivered a keynote paper tracing the technological revolution from informatization to the upcoming age of artificial intelligence.

“This has accelerated the demand for digital transformation in human society and spawned a second growth curve with 5G and cloud as the main engines. At present, the third growth curve leading the intelligent world is ready to take place and human society is entering a new era of comprehensive intelligence,” he said.

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According to Wu, the demand for AI computing power is skyrocketing:

“By the end of this year, we expect that the demand for AI computing power may exceed the demand for general computing power. Building an elastic and efficient multi-calculation infrastructure with optimal AI computing power, which is about building an AI native cloud infrastructure, is the key to AI development.”

Lagos’ recognition marks a significant milestone in its journey to becoming a continental leader in digital innovation and positions Nigeria as a formidable player in the global tech ecosystem.