Lagos, Nigeria – In a major boost for Nigeria’s entrepreneurial landscape, the Lagos Chamber of Commerce and Industry (LCCI) is set to inaugurate its Innovation Hub on Monday, creating a launchpad for tech startups and SMEs to thrive.
What the Hub Offers
Open Access Incubation: No membership required – open to all entrepreneurs
Mentorship & Training: Hands-on guidance from industry leaders
Corporate-Startup Matchmaking: Blue-chip companies will scout for innovative solutions
Market Access: Connections to investors and global opportunities
Ladi Smith, LCCI’s Research & Advocacy Chairman, stated:
“This is where ideas become businesses. Our hub will nurture startups from conception to commercialization, creating a pipeline for LCCI’s future leaders.”
Government Backing: Lagos Doubles Down on Digital Growth
Olatunbosun Alake, Lagos Innovation Commissioner, highlighted key supports:
✔ 35,000+ youths trained in digital skills via state programs
✔ Metro-fibre expansion to underserved areas
Cybersecurity Warning: “SMEs must stress-test their systems before hackers do.”
Federal Support:
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€7.9B green-hydrogen investment through Project Green
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30% local value mandate for raw material exports
Why This Matters
58% of Nigerian MSMEs are already innovating (PwC 2024)
Energy & financing remain top barriers – LCCI vows advocacy
Model for Africa: Blends private sector agility with government vision
Expert Take:
“This hub arrives when Nigeria needs it most – bridging the gap between startups and industrial giants.” – TechCabal Analyst
