The Lagos state governor, Babajide Sanwo-Olu has pledged support for
the tech community in Lagos by earmarking 250 million naira seed
funding into the Lagos science and research council.
Sanwo-Olu made the announcement at the on-going Art of Technology
(AOT) Lagos 1.0 conference organised by the Office of the Governor’s
Special Adviser on Innovation and Technology with no No fewer than
1,500 young innovators and tech solutions developers in attendance.
With this capital, tech start-ups and young innovators in the State
now have the opportunity to push their entrepreneurial skills to the
Governor Babajide Sanwo-Olu launched Lagos State Science Research
and Innovation Council (LASRIC) to be chaired by the Vice-Chancellor
of the University of Lagos (UNILAG), Prof. Oluwatoyin Ogundipe, while
also setting aside $687,000 start-up funds for investment in research
and development of tech-focused solutions across the six pillars of
his administration’s development agenda.
The Governor said the establishment of the Council and innovation
funds officially began the process of implementing strategies that
would help in the realisation of the Smart City initiative of the
He added that the innovation funds would also be directed to support
Information and Communication Technology (ICT) research focusing on
solving issues of national significance.
Besides, the Governor also launched Open Government Initiative,
Innovation Master Plan and Lagos State Solution Hub to further drive
the synergy between policymakers in the public sector and innovators in
the private sector.
While the Solution Hub is aimed at democratising access to state
actors and serving as the first point of call for innovators,
solutions providers and innovators on marketing their solutions, the
Innovation Master Plan would be focusing on the implementation of policies in four critical areas to unleash a culture of problem-solving.
Sanwo-Olu said the master plan would be addressing the challenge of
access to data and funding for innovations, adding that the plan would
also, bring about provision of faster Internet broadband that would
catalyse talent development.
Meanwhile, The convener and Special Adviser to the Governor on
Innovation and Technology, Olatunbosun Alake, said the event had the
objective to bridge the gap between governance and innovation, while
the Commissioner for Science and Technology, Mr Hakeem Fahm,
observed that the Lagos Government had started to look into the future by
“thinking Smart” and using technology as an enabler to realise Smart