A legislative proposal aimed at allocating funds for innovation and research in Lagos.
Why Lagos wants to fix innovation, not just fund startups
The Lagos Innovation Bill aims to create a unified innovation ecosystem involving universities, research institutions, and private companies. Funding for Nigerian startups in Lagos fell by 17% to $343 million in 2025, prompting a shift in innovation strategy.
Lagos plans ₦31 billion innovation fund to back startups, hubs
Lagos plans to allocate ₦31.07 billion ($20.26 million) for innovation funding as part of the Lagos Innovation Bill. The bill mandates at least 1.5% of the annual capital budget to be dedicated to research and development.
New Lagos bill will domesticate the Nigeria Startup Act beyond startups
Lagos state is developing the Lagos Innovation Bill, its own version of the Nigeria Startup Act, to support the growth of tech startups in the state. The bill aims to encourage large companies to drive innovation and develop the digital economy.
