Nigeria risks losing Africa’s tech investment edge, LCCI warns
The Lagos Chamber of Commerce and Industry warns that Nigeria is losing its competitive edge as a top African tech hub due to policy uncertainty and regulatory hurdles. Despite growth in the ICT sector, the organization urges the government to improve infrastructure and provide a more predictable investment climate.
Why it matters
Nigeria's ability to maintain its status as a leading digital economy is critical for regional economic stability and the growth of the African startup ecosystem.
Layer 1 •Urges more predictable regulatory environment
The Lagos Chamber of Commerce and Industry, LCCI, has warned that Nigeria risks losing its position as Africa’s leading technology hub unless the government accelerates policy reforms, expands digital infrastructure and creates a more predictable regulatory environment to attract investment.
Speaking at the opening of the 12th ICTEL Expo 2026 in Lagos, yesterday, LCCI President, Engr. Leye Kupoluyi, said although the country’s digital economy has become the fastest-growing driver of the non-oil sector, policy uncertainty and declining investor confidence are slowing its full potential.
According to him, the Information and Communication Technology, ICT, sector contributed 10.07 per cent to Nigeria’s real Gross Domestic Product, GDP, in 2025, up from 9.79 per cent in 2024, with telecommunications accounting for 7.29 percentage points of the contribution.
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