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Nigeria risks losing Africa’s tech investment edge, LCCI warns
NG🏛️ PoliticsCenteryesterday

Nigeria risks losing Africa’s tech investment edge, LCCI warns

The Lagos Chamber of Commerce and Industry (LCCI) has issued a warning that Nigeria could lose its status as Africa's leading technology hub if the government does not implement necessary reforms. The organization emphasized the need for a more predictable regulatory environment, expanded digital infrastructure, and improved policies to attract investment. According to LCCI President Engr. Leye Kupoluyi, while Nigeria's digital economy is growing rapidly, factors such as policy uncertainty and declining investor confidence are hindering its full potential. The ICT sector contributed 10.07% to Nigeria's GDP in 2025, with telecommunications playing a significant role. However, Nigeria fell to fourth place in Africa for startup funding in 2025, trailing behind Kenya, South Africa, and Egypt. Kupoluyi highlighted the importance of converting current connectivity achievements into economic value by addressing issues like access to capital and policy clarity.

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Vanguard Nigeria logoVanguard NigeriaIndependentCenteryesterday
Nigeria risks losing Africa’s tech investment edge, LCCI warns

The Lagos Chamber of Commerce and Industry (LCCI) has issued a warning that Nigeria could lose its status as Africa's leading technology hub if the government does not implement necessary reforms. The organization emphasized the need for a more predictable regulatory environment, expanded digital infrastructure, and improved policies to attract investment. According to LCCI President Engr. Leye Kupoluyi, while Nigeria's digital economy is growing rapidly, factors such as policy uncertainty and declining investor confidence are hindering its full potential. The ICT sector contributed 10.07% to Nigeria's GDP in 2025, with telecommunications playing a significant role. However, Nigeria fell to fourth place in Africa for startup funding in 2025, trailing behind Kenya, South Africa, and Egypt. Kupoluyi highlighted the importance of converting current connectivity achievements into economic value by addressing issues like access to capital and policy clarity.

Bias read (Center): The article presents a balanced view of the situation, highlighting both the progress made in Nigeria's digital economy and the challenges posed by policy uncertainty and regulatory issues. It quotes LCCI President Engr. Leye Kupoluyi who calls for specific reforms without taking a clear ideological

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