File Photo: Lagos State Governor, Babajide Sanwo-Olu.
Lagos has secured about $22m in fresh foreign investment commitments for telecommunications infrastructure, providing a significant boost to the state’s efforts to expand broadband access and strengthen its position as Nigeria’s technology capital.
State officials said the investment will support the expansion of fibre-optic networks and other digital infrastructure projects considered critical to the next phase of Lagos’ economic growth.
The commitments come as the state pursues an ambitious technology-driven development agenda aimed at attracting businesses, improving connectivity and supporting a rapidly expanding digital economy.
Speaking during the 2026 ministerial press briefing in Alausa, the Special Adviser to the Governor on Infrastructure, Olufemi Daramola, said the investments were attracted through the Lagos State Infrastructure Maintenance and Regulatory Agency, which oversees telecommunications infrastructure regulation and development across the state.
