Lagos has been ranked as the world’s fastest-growing emerging technology ecosystem in 2025, according to a comprehensive report by data analytics firm, Statisense.
The report published on X placed Istanbul in second position, followed by Pune, Belo Horizonte, Mumbai, and Curitiba. Riyadh, Johannesburg, Chennai, and Ho Chi Minh City completed the top ten.
Statisense is a leading artificial intelligence data analytics company known for its annual ecosystem intelligence reports across emerging markets.
The report stated that the rankings were based on enterprise value, unicorn count, funding growth, GDP per capita, and cost of living.
Other cities on the list included Kyiv, Mexico City, Vilnius, Jakarta, Bengaluru, Zagreb, Dhaka, Bangkok, Santiago de Chile, and Kampala.
Earlier on Monday. Lagos Governor, Babajide Sanwo-Olu, said the State government created an enabling environment for technology innovation to thrive through deliberate policies and investments.
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.”
Managing Director, Enterprise Business Group at Huawei Technologies, Terrens Wu, who delivered the keynote paper at the event, said from the first growth curve of the informatization age, human society has achieved ubiquitous interconnection, connecting a large number of users and causing a traffic explosion.
“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.
According to him, the demand for artificial intelligence computing power is increasing rapidly.
“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.”
