The Lagos State Government (LASG) has announced the commencement of the Yaba ICT Cluster project known as KITE@Yaba. KITE stands for Knowledge, Innovation, Technology and Entrepreneurship.
The hub according to LASG will provide an enabling environment that will facilitate and support the development of a technology cluster and ecosystem within the Yaba District of Lagos.
It is also expected that this initiative will contribute significantly to the economic development of Nigeria and position Lagos State as the hub for innovation in Nigeria. These are in addition to making the state a preferred destination for technology investors and innovators.
Speaking while flagging off the event, the Commissioner for Science and Technology, Mr Hakeem Fahm, said "KITE@Yaba is a public-private partnership (PPP), driven by the government and supported by several industry experts and advisors along the technology value chain".
The project will give recommendations to the Lagos State Government on eight critical areas to foster an enabling environment for innovation and entrepreneurship in information and communication technology.
They are: Access to Funding; Access to Market & Demand; Infrastructure; Policy Regulation & Governance; Talent, Skills & Education; Research & Development; Network & Collaboration; and Advocacy & Marketing. KITE@Yaba also includes the design and construction of a world class ICT Park for which LASG has already acquired 30,000 square metres of land in the Yaba area.