Nigeria - Lagos Finance and Tech Cluster

Geographical Location：
Lagos State (especially Yaba Tech Zone).

Industry Type：
fintech, e-Commerce and creative industries.

Major Enterprises：
Flutterwave (Payment) and Jumia (e-Commerce).

Economic Impact：
Africa's largest start-ups hub, attracted over $1 billion financing in 2022.

Overview

Lagos' finance-tech cluster serves as Africa's core digital economy engine; leveraging youth demographics, local innovation vitality and capital attention, it has become one of the world's fastest-growing tech ecosystems, the development of which has not only reshaped Nigeria's economic structure, but also provided a replicable "Lagos Model" for the digital transformation of other African countries. Future efforts must be made to overcome infrastructure bottlenecks and regulatory uncertainties to unlock greater potential.

Representative Enterprises

Flutterwave (Payment)

Jumia (e-Commerce)