Lagos Commits N1bn Seed Fund for Innovation It Inaugurates Science

Lagos State has committed a N1 billion seed fund to support innovation through the newly inaugurated Lagos State Science, Research, and Innovation Council (LASRIC). The initiative aims to boost technological advancements and research, fostering an environment that encourages innovation and development. Governor Babajide Sanwo-Olu emphasized the importance of this initiative in positioning Lagos as a leading tech hub in Africa. The seed fund will support startups, researchers, and innovators, providing the necessary resources to develop groundbreaking solutions that address various challenges.

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