Nigeria risks losing Africa’s tech investment edge, LCCI warns

•Urges more predictable regulatory environment By Yinka Kolawole 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.“Our connectivity gains are real, but they are outpacing our ability to convert access into economic value,” he said, stressing that infrastructure alone cannot build globally competitive technology companies without access to capital and policy certainty.

The LCCI President urged the government to treat broadband infrastructure as a strategic public utility, accelerate last-mile connectivity and implement the Nigeria Startup Act to improve the investment climate.