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Sanwo-Olu announces N250m to develop tech-focused solutions

By Oluwaseun Sonde

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The Executive Governor of Lagos State, Babajide Sanwo-Olu has announced a N250 million seed capital that is earmarked for investment in research and development of tech-focused solutions across the six pillars of our administration’s development agenda.

He made the announcement at the Art of Technology 1.0 event, where he launched the Innovative Master Plan in Lagos on Thursday.

He launched the Lagos State Solutions Hub, which will be the first point of call for innovators and solutions providers to propose their solutions to the state.

“We realise crowd sourcing and inclusive strategies are key ingredients to solving our challenges.

Coming straight on the heels of that is The Open Government Initiative. Open data promotes inclusiveness, participation and more fit for purpose solutions. The initiative has kicked off and we will be communicating subsequent milestones soon”, he said.

He reignited LASRIC (Lagos State Science, Research & Innovation Council), council will be responsible for managing the Science Research and Innovation fund. “From AI to robotics, to health informatics and green energy, LASRIC will invest in R&D in these areas.

Also, he launched the Innovative Master Plan with access to talent to infrastructure and funding, this plan addresses all that is required to enable a vibrant innovation ecosystem.


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