Startups in Lagos are transforming Nigeria’s capital city, and IBM Africa is helping them achieve their dreams.
With a population of 21 million people, Lagos has become one of the 10 biggest cities in the world. The Nigerian megacity has been growing at an exponential rate, and if it continues at its present pace, it could soon have more residents than all of Great Britain within several decades. With the explosion in the country’s population comes a boom in its internet users, with up to six million users every year. As more people get up to speed online, ambitious entrepreneurs have been starting up companies offering a wide range of useful services needed throughout the country. Currently, it’s estimated that there are anywhere between 450-700 startups across Lagos, in what has become known as the ‘Yabacon Valley.’