Lagos State Secures $2.73 Billion in Q3 2025 Capital Inflows

Governor Babajide Sanwo-Olu disclosed that Lagos State attracted $2.73 billion in capital inflows during the third quarter of 2025, accounting for 45% of Nigeria's total capital inflow. This announcement was made at the John F. Kennedy Jr. Forum on Africa's Urban Future held at the Harvard Kennedy School in Boston, Massachusetts.

Sanwo-Olu emphasized Lagos as a central figure in Africa's urban transformation, noting the state's economic performance driven by infrastructure investments and a growing youth population. He highlighted that Lagos is home to 2,000 startups and five fintech unicorns valued at $1 billion.

The governor also mentioned the flagship projects, including the blue and red rail lines, and pointed out that Lagos's tech ecosystem has been recognized as the world's fastest-growing. The state's projected total revenue is N3.99 trillion, with N3.12 trillion expected from internal revenue and N874 billion from federal transfers, alongside a deficit financing plan of N243 billion.