Funding, youths driving Africa’s tech growth, says Sanwo-Olu

he Governor of Lagos State, Babajide Sanwo-Olu, has said that funding, investments, and a youthful population have fostered the rapid growth of the continent’s tech sector.

He stated this at GITEX One Africa Digital Summit in Marrakech, Morocco on Wednesday. In a presentation on ‘What’s Accelerating Africa to Become the Next Silicon Valley?’ Sanwo-Olu said, “The fact that this event has been brought to Africa is a testament to the continent’s growing influence in the cyber tech global ecosystem.”

According to him, over 600 startups have received funding, with Nigeria emerging as a leading destination for tech start-ups, particularly in Lagos.

Speaking on the factors responsible for Africa’s tech growth, the Lagos State government stressed, “Africa has a population of over 1.2 billion people of which 60 per cent are under 25 years and 70-75 per cent are under 40. This demographic is a significant opportunity for growth and technology.”

“More so, most of the tech founders are under 35 years of age, he continued.

The Lagos State governor further acclaimed that access has actually grown in the region in the last three or four years.

By The PUNCH

https://punchng.com/funding-youths-driving-africas-tech-growth-says-sanwo-olu/#:~:text=The%20Governor%20of%20Lagos%20State,in%20Marrakech%2C%20Morocco%20on%20Wednesday.