•Urges more predictable regulatory environment
By Yinka Kolawole
The Lagos Chamber of Commerce and Industry, LCCI, has warned that Nigeria risks losing its position as Africa’s leading technology hub unless the government accelerates policy reforms, expands digital infrastructure and creates a more predictable regulatory environment to attract investment.
Speaking at the opening of the 12th ICTEL Expo 2026 in Lagos, yesterday, LCCI President, Engr. Leye Kupoluyi, said although the country’s digital economy has become the fastest-growing driver of the non-oil sector, policy uncertainty and declining investor confidence are slowing its full potential.
According to him, the Information and Communication Technology, ICT, sector contributed 10.07 per cent to Nigeria’s real Gross Domestic Product, GDP, in 2025, up from 9.79 per cent in 2024, with telecommunications accounting for 7.29 percentage points of the contribution.
