Home Business Economy Lagos determined to emerge Africa’s biggest Fintech hub – Sanwo-Olu

Lagos determined to emerge Africa’s biggest Fintech hub – Sanwo-Olu

5 min read
0
0
1

Lagos State Governor, Mr. Babajide Sanwo-Olu, on Tuesday, disclosed that his government is actively working on policies and initiatives that will position Lagos as the leading hub for digital gaming, fintech solutions, and Artificial Intelligence (AI)-driven creative enterprises in Africa.

The governor also reaffirmed the state government’s commitment to fostering an environment where innovation thrives, responsible gaming is prioritised, and digital entrepreneurship flourishes.

Sanwo-Olu spoke during the Africa Gaming Expo (AGE) 2025 at Eko Hotels and Suites, Victoria Island, Lagos. The event was attended by regulators, investors, stakeholders and gaming enthusiasts, within and outside Nigeria, particularly from African countries.

In his keynote address, the governor emphasised the significant potential for collaboration between gaming, fintech, entertainment, and AI in shaping the future of Africa’s digital economy.

Sanwo-Olu therefore urged participants at the expo to tap into the world of gaming through the use of Artificial Intelligence for fraud detection, personalised gaming experiences, responsible gaming initiatives, and financial security.

He said: ‘Over the last decade, Africa’s gaming and fintech sectors have witnessed explosive growth, driven by increasing smartphone penetration, digital transactions, and a young, tech-savvy population. This evolution is not only transforming how we play and pay but also how we create and consume entertainment.

‘AI is at the forefront of this revolution, powering fraud detection, personalised gaming experiences, responsible gaming initiatives, and financial security. AI-driven tools are also enabling game developers, fintech innovators, and digital content creators to build more immersive and inclusive platforms that drive engagement and profitability.

‘Here in Lagos State, we recognise the immense potential of the synergy between gaming, fintech, entertainment, and AI. As a government, we are committed to fostering an ecosystem where innovation thrives, responsible gaming is prioritised, and digital entrepreneurship flourishes.

‘We are actively working on policies and initiatives that will position Lagos as the leading hub for digital gaming, fintech solutions, and AI-driven creative enterprises in Africa. Through progressive regulations, strategic investments, and digital infrastructure, we aim to create an environment where game developers, fintech startups, content creators, and AI pioneers can collaborate and scale their innovations globally.

‘The Africa Gaming Expo 2025 provides a vital platform for stakeholders, regulators, investors, and technology pioneers to engage in meaningful discussions on how AI can drive efficiency, security, and inclusivity across gaming, fintech, and entertainment. This is more than just an expo—it is a launchpad for ideas, partnerships, and innovations that will define the next phase of Africa’s digital transformation’.

The Chief Executive Officer of the state Lottery and Gaming Authority, Mr. Bashir Are enumerated the benefits of the expo, saying AGE is an annual event for gaming regulators, operators, and the entire value chain to come together to deliberate and proffer solutions to issues affecting the industry.

He disclosed that over 500 delegates across the globe are currently participating in the event, themed “Transforming the Gaming Sector with Artificial Intelligence and Fintech”.

Load More Related Articles
Load More By Breezynews
Load More In Economy

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Soludo bids Okoye farewell from Anambra EXCO, charges S/East dev commission on key projects

Anambra State Governor, Prof. Charles Soludo has charged the pioneer Managing Director/Chi…