Lagos secures $22m digital infrastructure commitments

Lagos has secured about $22m in fresh foreign investment commitments for telecommunications infrastructure, providing a significant boost to the state’s efforts to expand broadband access and strengthen its position as Nigeria’s technology capital. State officials said the investment will support the expansion of fibre-optic networks and other digital infrastructure projects considered critical to the next phase of Lagos’ economic growth. The commitments come as the state pursues an ambitious technology-driven development agenda aimed at attracting businesses, improving connectivity and supporting a rapidly expanding digital economy. Speaking during the 2026 ministerial press briefing in Alausa, the Special Adviser to the Governor on Infrastructure, Olufemi Daramola, said the investments were attracted through the Lagos State Infrastructure Maintenance and Regulatory Agency, which oversees telecommunications infrastructure regulation and development across the state. According to him, the agency is coordinating a large-scale expansion of fibre infrastructure designed to improve internet coverage and network capacity in both established commercial districts and emerging growth corridors. He disclosed that plans are underway for the deployment of approximately 30,000 kilometres of fibre ducts across strategic routes in Lagos, a substantial increase from the roughly 3,000 kilometres of fibre infrastructure currently in place. The expansion is expected to improve broadband penetration, lower connectivity bottlenecks and provide the foundation for increased deployment of digital services across sectors of the economy. Related News Turaki PDP claims APC jittery over Jonathan’s candidacy $717m power loan cancellation deepens sector woes Airtel Africa posts strong gains, boosts investor confidence Officials also revealed that LASIMRA recorded a sharp rise in revenue over the past year, driven largely by improved regulatory compliance and reforms that have digitised key approval and monitoring processes. Part of those reforms includes the development of an Automated Telecom Infrastructure Registration System, intended to simplify interactions between operators and government while improving oversight of telecommunications assets. The agency is equally deploying geospatial technology to digitally track fibre routes, telecommunications towers and related infrastructure as part of broader efforts to build a smarter and more integrated urban environment. The latest investment commitments add momentum to Lagos’ wider digital ambitions. The state government has, in rec